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ROCHELLE PARK, N.J. - Sapiens International Corporation (NASDAQ: SPNS), a $1.59 billion market cap insurance software provider with a "GOOD" financial health rating according to InvestingPro, has released an updated version of its CoreSuite policy administration system for life, pensions, and annuities, the company announced Tuesday.
The new release incorporates generative AI-powered chatbots, machine learning-driven lead generation, and predictive tools designed to streamline operations for life insurers. The system includes features for analyzing buying propensity, product recommendations, and next-best actions. The company’s innovation efforts are supported by solid financials, with revenue growing at 3.84% and maintaining healthy profit margins of 44.32%, according to recent data from InvestingPro.
According to the company, the update also features enhanced conversion and migration tools to support transformation initiatives, with AI capabilities to analyze legacy data and improve team productivity. The user interface has been redesigned across portals and aligned with accessibility standards.
"With this release, we are delivering technically sophisticated innovation that’s also deeply practical and intuitive for life insurers and their customers," said Roni Al-Dor, Sapiens President and CEO, in the press release statement.
The CoreSuite solution is integrated within the broader Sapiens Insurance Platform, which includes illustration, application, and underwriting tools. The system comes with pre-built life, pension, and annuity product templates intended for rapid deployment.
Sapiens describes its CoreSuite for Life, Pensions, & Annuities as a cloud-native solution for managing both individual and group life insurance products, retirement offerings, and investment benefits.
The company currently serves over 600 customers in more than 30 countries with its insurance software solutions. With an 11-year track record of consistent dividend payments and a strong balance sheet showing more cash than debt, Sapiens demonstrates financial stability in its global operations. For detailed analysis and additional insights, investors can access the comprehensive Pro Research Report available on InvestingPro, which covers this and over 1,400 other US equities.
In other recent news, Sapiens International Corporation announced its acquisition of AdvantageGo, a commercial insurance software provider, in a cash deal valued at 43 million British pounds. This acquisition is set to enhance Sapiens’ property and casualty insurance platform, particularly in underwriting capabilities for the London and global commercial markets. AdvantageGo reported revenues of 15 million British pounds for the full year 2024, with projections of double-digit growth in 2026 and improved profitability by 2027. In related developments, Rosenblatt Securities adjusted its outlook on Sapiens, lowering the price target to $625 from $660 but maintaining a Buy rating. This adjustment follows a decline in demand from China, impacting the broader electronic design automation (EDA) market. Despite these challenges, Synopsys™, a key player in the EDA sector, reported Q2 results in line with expectations, showing a 10.3% year-over-year growth to $1,604 million. Synopsys™ anticipates maintaining its fiscal year 2025 outlook, driven by strong performance in other regions and growth in AI and High-Performance Computing markets. Rosenblatt noted the potential volatility due to China-related issues but continues to recommend Sapiens stock as a worthwhile investment.
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