The go-live powers Hiscox with operational
excellence and business growth
UXBRIDGE, England, March 12,
2025 /PRNewswire/ -- Sapiens International
Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading global
provider of software solutions for the insurance industry,
announced today that Hiscox, a leading insurer of
tailored solutions for both businesses and high-net-worth private
clients, has gone live with Sapiens Insurance Platform, now fully
deployed on the Sapiens Cloud. The strategic go-live underscores
Hiscox's commitment to enhancing business performance, resilience,
and customer satisfaction.
A Sapiens' partner since 2014, Hiscox UK embarked on the
strategic migration of Sapiens Insurance Platform from their
Microsoft Azure installation and operation to the Sapiens Cloud.
The move marks a pivotal alignment with their long-term business
objectives, enabling a significant boost in application efficiency
and technological agility.
By migrating to Sapiens' latest cloud-native architecture,
powered by Kubernetes, Hiscox UK immediately realised an average
30% improvement in application speed. This has translated into
improved operational productivity, and more consistent service
delivery.
Benefiting from Sapiens' R&D investments, Hiscox can now
leverage a modern API layer, providing improved integration
opportunities with best-of-breed solutions for rating, rules, and
document management, plus extended digital trading capabilities.
This ecosystem allows Hiscox to deliver enhanced, agile services
across market-leading offerings for commercial lines and private
clients with significant assets.
"Sapiens Insurance Platform is pivotal to Hiscox's continued
growth, enabling us to create a connected ecosystem with the best
technologies available to help deliver our strategic goals" said
Ian Wrigglesworth, Hiscox CTO. "By
wrapping two years of new features into a single update, the
Sapiens' go-live has helped strengthen the operational
foundations of our business, which is fundamental to our strategy
for growth."
"Our long-term partnership with Hiscox exemplifies Sapiens'
commitment to delivering tangible business benefits through a
high-performance, resilient platform," said Roni Al-Dor, Sapiens President and CEO. "By
migrating to the Sapiens Cloud with Sapiens Insurance Platform, we
not only empower Hiscox with cutting-edge technology but also
provide a robust foundation for continuous innovation and
sustainable growth."
Sapiens Insurance Platform is an AI-based, open, integrated
platform that accelerates adoption, delivers sustained value, and
empowers insurers to grow, modernise and optimise.
About The Hiscox Group
Hiscox is a global specialist insurer, headquartered in
Bermuda and listed on the London
Stock Exchange (LSE: HSX). Our ambition is to be a respected
specialist insurer with a diverse portfolio by product and
geography. We believe that building balance between
catastrophe-exposed business and less volatile local specialty
business gives us opportunities for profitable growth throughout
the insurance cycle.
The Hiscox Group employs over 3,000 people in 13 countries, and
has customers worldwide. Through the retail businesses in the UK,
Europe, Asia and the USA, we offer a range of specialist insurance
products in commercial and personal lines. Internationally traded,
bigger ticket business and reinsurance is underwritten through
Hiscox London Market and Hiscox Re & ILS.
Our values define our business, with a focus on people, courage,
ownership and integrity. We pride ourselves on being true to our
word and our award-winning claims service is testament to that. For
more information, visit www.hiscoxgroup.com.
About Sapiens
Sapiens International Corporation
(NASDAQ: SPNS) (TASE: SPNS) is a global leader in intelligent
insurance software solutions. With Sapiens' robust platform,
customer-driven partnerships, and rich ecosystem, insurers are
empowered to future-proof their organizations with operational
excellence in a rapidly changing marketplace. We help insurers
harness the power of AI and advanced automation to support core
solutions for property and casualty, workers' compensation, and
life insurance, including reinsurance, financial & compliance,
data & analytics, digital, and decision management. Sapiens
boasts a longtime global presence, serving over 600 customers in
more than 30 countries with its innovative SaaS offerings.
Recognized by industry experts and selected for the Microsoft Top
100 Partner program, Sapiens is committed to partnering with our
customers for their entire transformation journey and is
continuously innovating to ensure their success.
For more information visit https://sapiens.com or follow us
on LinkedIn.
Investor and Media Contact
Yaffa Cohen-Ifrah
Sapiens Chief Marketing Officer and Head of Investor
Relations
Email: Yaffa.cohen-ifrah@sapiens.com
Forward Looking Statements
Certain matters discussed
in this press release that are incorporated herein and therein by
reference are forward-looking statements within the meaning of
Section 27A of the Securities Act, Section 21E of the Exchange Act
and the safe harbor provisions of the U.S. Private Securities
Litigation Reform Act of 1995, that are based on our beliefs,
assumptions and expectations, as well as information currently
available to us. Such forward-looking statements may be identified
by the use of the words "anticipate," "believe," "estimate,"
"expect," "may," "will," "plan" and similar expressions. Such
statements reflect our current views with respect to future events
and are subject to certain risks and uncertainties. There are
important factors that could cause our actual results, levels of
activity, performance or achievements to differ materially from the
results, levels of activity, performance or achievements expressed
or implied by the forward-looking statements, including, but not
limited to: the degree of our success in our plans to
leverage our global footprint to grow our sales; the degree of our
success in integrating the companies that we have acquired through
the implementation of our M&A growth strategy; the lengthy
development cycles for our solutions, which may frustrate our
ability to realize revenues and/or profits from our potential new
solutions; our lengthy and complex sales cycles, which do not
always result in the realization of revenues; the degree of our
success in retaining our existing customers or competing
effectively for greater market share; the global macroeconomic
environment, including headwinds caused by inflation, relatively
high interest rates, potentially unfavorable currency exchange rate
movements, and uncertain economic conditions, and their impact on
our revenues, profitability and cash flows; difficulties in
successfully planning and managing changes in the size of our
operations; the frequency of the long-term, large, complex projects
that we perform that involve complex estimates of project costs and
profit margins, which sometimes change mid-stream; the challenges
and potential liability that heightened privacy laws and
regulations pose to our business; occasional disputes with clients,
which may adversely impact our results of operations and our
reputation; various intellectual property issues related to our
business; potential unanticipated product vulnerabilities or
cybersecurity breaches of our or our customers' systems; risks
related to the insurance industry in which our clients operate;
risks associated with our global sales and operations, such as
changes in regulatory requirements, wide-spread viruses and
epidemics like the coronavirus epidemic, and fluctuations in
currency exchange rates; and risks related to our principal
location in Israel and our status
as a Cayman Islands company.
While we believe such forward-looking statements are based on
reasonable assumptions, should one or more of the underlying
assumptions prove incorrect, or these risks or uncertainties
materialize, our actual results may differ materially from those
expressed or implied by the forward-looking statements. Please read
the risks discussed under the heading "Risk Factors" in our Annual
Report on Form 20-F for the year ended December 31, 2023, to be filed in the near
future, in order to review conditions that we believe could cause
actual results to differ materially from those contemplated by the
forward-looking statements. You should not rely upon
forward-looking statements as predictions of future events.
Although we believe that the expectations reflected in the
forward-looking statements are reasonable, we cannot guarantee that
future results, levels of activity, performance and events and
circumstances reflected in the forward-looking statements will be
achieved or will occur. Except as required by law, we undertake no
obligation to update publicly any forward-looking statements for
any reason, to conform these statements to actual results or to
changes in our expectations.
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SOURCE Sapiens International Corporation
