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ROCHELLE PARK, N.J. - Sapiens International Corporation (NASDAQ:SPNS) (TASE:SPNS) on Tuesday unveiled version 13.0 of its CoreSuite for Property & Casualty for the North American insurance market, featuring a new configurable dashboard that provides underwriters with real-time visibility into their workload.
The updated suite, which is available to all North American CoreSuite for P&C customers, includes enhancements across the company’s ClaimsPro, BillingPro, and PolicyPro solutions aimed at improving operational efficiencies and user experience.
Key improvements include a strategic technology upgrade in claims to enhance integration flexibility, streamlined payable statement creation in billing, and new AI-powered tools to summarize data and documents for underwriting workflows.
"Our North American P&C clients requested assistance in dealing with some of their biggest challenges: the lack of visibility into underwriting, integration cost and complexity, and the need for smarter risk evaluation," said Roni Al-Dor, Sapiens President and CEO, in the press release.
The CoreSuite for Property & Casualty is an integrated solution addressing policy administration, billing, and claims for North American P&C insurers.
Sapiens, which serves over 600 customers in more than 30 countries and maintains a healthy 44% gross profit margin, announced on August 12, 2025, that it had entered into a definitive agreement to be acquired by private equity investor Advent for $43.50 per common share in cash, valuing the company at approximately $2.5 billion. InvestingPro analysis shows the acquisition price aligns closely with the company’s Fair Value, suggesting a fair deal for shareholders.
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