Sapiens International Corporation has announced a partnership with Universal Life to enhance their core insurance processes and support growth initiatives. Universal Life will leverage Sapiens CoreSuite for Life & Pensions to modernize their operations and improve efficiency. This collaboration aims to streamline policy administration, claims processing, and billing operations to optimize customer satisfaction. Sapiens Cloud Services will provide a secure infrastructure to support Universal Life’s growth.
Universal Life CEO, Evan Gavas, expressed confidence in Sapiens’ ability to enhance efficiencies and deliver market-leading insurance solutions. Sapiens President and CEO, Roni Al-Dor, highlighted the importance of this partnership in empowering Universal Life to future-proof their operations and accelerate business growth.
Sapiens CoreSuite for Life & Pensions is an end-to-end SaaS solution with digital capabilities for managing individual and group life and pensions products. Universal Life, founded in Cyprus in 1970, is a leading life insurer known for its reliability and customer-centric approach. Sapiens International Corporation is a global leader in intelligent insurance SaaS-based software solutions, empowering insurers with operational excellence in a changing marketplace.
For more information about Sapiens, visit their website at https://sapiens.com or follow them on LinkedIn. For investor and media inquiries, contact Yaffa Cohen-Ifrah, Sapiens Chief Marketing Officer and Head of Investor Relations at [email protected] Factors Impacting Sapiens International Corporation’s Performance
Sapiens International Corporation faces various factors that could significantly impact its actual results, activity levels, performance, and achievements. These factors include the success of leveraging its global footprint to drive sales growth, integrating acquired companies through its M&A strategy, lengthy development cycles for solutions affecting revenue realization, complex sales cycles, customer retention challenges, and competition for market share.
Moreover, global macroeconomic conditions like inflation, interest rates, currency fluctuations, and uncertain economic environments can impact Sapiens’ revenues, profitability, and cash flows. Additionally, challenges in managing operational changes, long-term project complexities, privacy regulations, disputes with clients, intellectual property issues, cybersecurity threats, insurance industry risks, and global sales and operational uncertainties pose further challenges.
While Sapiens bases its forward-looking statements on reasonable assumptions, any incorrect assumptions or materialization of risks and uncertainties can lead to actual results differing from those expressed or implied. It is recommended to review the risks outlined in the Annual Report for a comprehensive understanding of potential factors affecting Sapiens’ performance.
In conclusion, Sapiens International Corporation faces a range of challenges that could impact its performance and achievements. By addressing these factors and staying informed about potential risks, Sapiens can navigate uncertainties and strive for continued success in the industry.
