📋 Tender Overview
Sapiens International Corporation a leading global provider of software solutions for the insurance industry announced that Sapiens was positioned as a Leader in Gartners Magic Quadrant for Non-Life-Insurance Platforms Europe. According to the report Gartner defines the non-life-insurance platform market as composed of offerings that support the concept of the digital business technology platform through a combination of core systems and key technologies focused on customers partners data or things.The Sapiens IDITSuite for Property Casualty formerly called Sapiens IDIT is a component-based standalone software solution suite that offers policy billing and claims. IDITSuite supports all end-to-end core operations and processes for the non-life PC market from inception to renewal and claims. This pre-integrated fully digital suite offers customer and agent portals business intelligence and more. IDITSuite enables insurers to expand their offerings by testing new lines of business products and services using our flexible product factory.According to the Gartner report by analysts Sham Gill and Manav Sachdeva the Leaders quadrant is defined as follows Leaders have the highest combined scores for Ability to Execute and Completeness of Vision. They have a thorough market understanding a strong non-life-insurance industry focus and a clearly articulated vision for the future of the market and their products. Leaders offer technically solid and functionally complete software products. They have proven implementation track records with an adequate installed base. Leaders are present in multiple European countries and they have the necessary human and financial resources to further penetrate their markets and expand their portfolios of innovative system capabilities.Sapiens has collaborated closely with our clients to improve upon IDITSuite over the years said Roni Al-Dor president and CEO Sapiens. To us those close relationships along with insurtech partnerships that have enabled Sapiens to offer emerging technologies along with IDITSuite are a major reason why our non-life insurance platform is highly regarded. Europe is a strategic market for Sapiens and we plan to continue to grow there and offer leading and innovative solutions.Sapiens IDITSuite is a component-based software solution suite designed for the PC market that can be deployed modularly while integrating with customers ecosystems components. It enables carriers managing general agents MGAs and brokers to meet critical and long-term business goals via traditional and digitised channels and operating models including direct insurance bancassurance and digital channels.Gartner does not endorse any vendor product or service depicted in its research publications and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartners research organization and should not be construed as statements of fact. Gartner disclaims all warranties expressed or implied with respect to this research including any warranties of merchantability or fitness for a particular purpose.
