Sapiens International Corporation (NASDAQ:SPNS), a prominent provider of software solutions for the insurance industry, has announced the release of version 12.0 of its Sapiens CoreSuite for Property & Casualty, specifically tailored for the North American market.
The latest version boasts a series of functional and performance enhancements, alongside strengthened security features, marking a significant upgrade within the Sapiens Insurance Platform.
This AI-based, integrated platform is designed to be future-proof, supporting digital transformations across the insurance landscape.
President and CEO Roni Al-Dor emphasized the strategic advances of the new release, stating, "This latest release accelerates the pace of innovation and value delivery to our customers."
He highlighted improvements in data consistency, which are crucial for facilitating smoother data migration and ensuring that data is primed for AI applications.
"The value-added enhancements of the new version reflect our long-term strategy to leverage corporate investments in support of our customers," Al-Dor added.
With this upgrade, Sapiens continues to expand its robust core business capabilities, ensuring that all North American CoreSuite P&C customers can benefit from the most advanced technological offerings in the industry.
At the time of compiling this report, Sapiens International's share price was recorded at $36.30.