, through its subsidiaries, provides information technology (IT) solutions for the insurance industry.
It primarily offers INSIGHT, a suite of modular business software solutions for the general, including property and casualty; and life insurance markets.
The company’s products include provides INSIGHT for Property & Casualty, a general insurance policy administration solution for brokers and agents; INSIGHT for Life & Pension, a life and pensions solution that serves companies administering life insurance, pension funds, health insurance, and saving plans; INSIGHT for Underwriting, an underwriting solution for life, health, and disability insurance; and INSIGHT for Reinsurance, a solution for carriers and reinsurers in the management of various types of reinsurance for the general and life insurance markets.
Sapiens also offers INSIGHT for Claims, a solution that manages the information flow of claim handling in an insurance provider’s organization; and INSIGHT for Closed Books solution for life insurance companies and pension funds.
In addition, it provides outsourcing services; and IT services in various areas, including project management and technical assistance.
The company markets its solutions primarily to corporate clients and government entities, such as insurance companies, banks, and other companies offering financial services, as well as manufacturing and transportation sectors.
It sells products primarily through a direct sales force and relationships with system integrators, as well as through distributors in North America; Asia Pacific; and Europe, Middle East, and Africa.
Sapiens has partnership agreements with IBM Corporation and Electronic Data Systems Corporation.
The company was founded in 1982 and is based in Willemstad, Netherlands Antilles.
