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NEW YORK - Sapiens International Corporation (NASDAQ:SPNS), a software solutions provider generating annual revenue of $549 million with a healthy 44.26% gross margin, announced Wednesday a strategic partnership with Linqura to provide commercial insurance underwriting intelligence to property and casualty insurers.
The collaboration integrates Linqura’s AI-driven underwriting insights into Sapiens’ PolicyPro for P&C policy administration platform. According to the press release, the integration aims to help insurers make more informed risk decisions by providing access to business data, risk exposures, and coverage recommendations.
"This collaboration will greatly benefit Sapiens’ customers, equipping them with a built-in Underwriting Advisor that will simplify commercial insurance," said Roni Al-Dor, Sapiens’ President and CEO.
Mark Stender, CEO of Linqura, stated that their "unique agentic-AI platform, data, and algorithms will be great additions to the Sapiens suite."
The integrated solution provides underwriters with access to data points about businesses in the U.S., including potential risks and coverage needs. It also includes Linqura’s classification system with real-time coverage recommendations to assist underwriters in risk assessment.
Sapiens, a provider of insurance software solutions serving over 600 customers globally, is currently in the process of being acquired by private equity investor Advent. In August, Sapiens announced it had entered into a definitive agreement to be acquired for $43.50 per share, valuing the company at approximately $2.5 billion. The stock currently trades near its 52-week high of $42.80, and according to InvestingPro’s Fair Value analysis, appears to be trading above its intrinsic value. Discover more insights and 8 additional ProTips with an InvestingPro subscription.
This information is based on a press release statement from Sapiens International Corporation.
In other recent news, Sapiens International Corporation announced the deployment of its Automated Testing Services with Encova Insurance. This implementation is designed to streamline testing cycles for Encova’s CoreSuite for Workers’ Compensation, potentially reducing the time needed for regression testing during system upgrades. This initiative is expected to enhance Encova’s ability to execute new releases more frequently. Additionally, Sapiens launched version 13.0 of its CoreSuite for Property & Casualty, targeting the North American insurance market. This updated suite introduces a configurable dashboard for underwriters, offering real-time workload visibility. Enhancements have been made across Sapiens’ ClaimsPro, BillingPro, and PolicyPro solutions to boost operational efficiency and user experience. These developments reflect Sapiens’ ongoing efforts to innovate and improve its offerings for insurance clients.
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