Sapiens Recognized as a Leader in Gartner® Magic Quadrant™ for Non-Life-Insurance Platforms, Europe*
HOLON,
Sapiens IDITSuite for Property & Casualty is a component-based, comprehensive software solution suite that offers policy, billing and claims solutions. IDITSuite supports end-to-end core operations and processes for the non-life (general) insurance from inception to renewal and claims. Its pre-integrated, fully digital suite offers customer and agent portals, business intelligence, as well as a suite of tools for testing new lines of business, products and services.
"We are honored to be a leader in the Gartner report for the third consecutive year. IDITSuite is considered to support the widest number of lines of business in the industry, supporting 48 lines of business in production, covering personal, commercial, specialty and workers' compensation. Sapiens core suite and comprehensive managed services, as well as our deep understanding of the changes reshaping the insurance industry have made us a leading player in the European market," said
"Through our insurtech partnerships, R&D investment and market expertise, Sapiens empowers insurers of all sizes to better serve their customers and successfully achieve digital transformation. We are proud of our innovative ability to ensure our customers have the advantage of long-term sustainability and profitability," Al-Dor said.
Magic Quadrant reports are a culmination of rigorous, fact-based research in specific markets, providing a wide-angle view of the relative positions of the providers in markets where growth is high and provider differentiation is distinct. Providers are positioned into four quadrants: Leaders, Challengers, Visionaries and Niche Players. The research enables you to get the most from market analysis in alignment with your unique business and technology needs.
Among the nine total companies evaluated in the report, Sapiens was recognized for its completeness of vision and ability to execute.
Disclaimer
GARTNER and Magic Quadrant registered trademark and service mark of Gartner, Inc. and/or its affiliates in the
Gartner does not endorse any vendor, product or service depicted in our research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of the Gartner research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
View a complimentary copy of the Magic Quadrant report to learn more about Sapiens' strengths and cautions, among other providers' offerings, here.
About Sapiens
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Forward Looking Statements
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While we believe such forward-looking statements are based on reasonable assumptions, should one or more of the underlying assumptions prove incorrect, or these risks or uncertainties materialize, our actual results may differ materially from those expressed or implied by the forward-looking statements. Please read the risks discussed under the heading "Risk Factors" in our most recent Annual Report on Form 20-F, in order to review conditions that we believe could cause actual results to differ materially from those contemplated by the forward-looking statements. You should not rely upon forward-looking statements as predictions of future events. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee that future results, levels of activity, performance and events and circumstances reflected in the forward-looking statements will be achieved or will occur. Except as required by law, we undertake no obligation to update publicly any forward-looking statements for any reason, to conform these statements to actual results or to changes in our expectations.
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