#United States #Rochelle Park #S&P Global #Sapiens International #Insurance Software

Sapiens International Corporation's Rating Update

Sapiens International Corporation (NASDAQ: SPNS) is making strides in its reputation as a key player in the insurance software solutions market. Recently, S&P Global Ratings Maalot confirmed the long-term issuer rating for Sapiens at "ilAA-" with a stable outlook. This rating highlights Sapiens' ongoing stability and financial health, reinforcing confidence among investors and industry stakeholders.

Established as a top contender in the global insurance sector, Sapiens provides cutting-edge software solutions tailored to enhance the operational efficiency of insurers worldwide. This most recent confirmation serves to emphasize the company’s robust growth trajectory and commitment to delivering value to its customers.

Mr. Roni Al-Dor, President and CEO of Sapiens, elaborated on this achievement, indicating that the decision of Maalot reflects the strong revenue growth, profit increase, and positive cash flow witnessed by the company. In his words, "This rating confirmation underscores the market's and experts' ongoing confidence in Sapiens. We are well recognized for our consistent track record of growth in both revenue and profit."

The Series B Debentures, which are traded on the Tel Aviv Stock Exchange, were previously marketed in adherence to Sapiens' Israeli shelf prospectuses filed back in September 2017 and June 2020. This confirmation of the ratings not only enhances Sapiens' position in the market but also assures future investors about the company's financial reliability and strategic direction.

Additionally, Ma'alot, as a recognized entity in the global rating agency landscape, submitted an official rating report to the Israel Securities Authority and the Tel Aviv Stock Exchange in Hebrew, with an English translation available for broader accessibility. This initiative showcases Sapiens' commitment to transparency and regulatory compliance, further boosting its reputation in the financial realm.

Sapiens, a pioneer in intelligent SaaS-based software solutions for the insurance industry, thrives on innovation. It utilizes a robust platform to help insurers navigate challenges brought on by rapid market shifts. Aspects such as cutting-edge AI applications and advanced automation are harnessed effectively to support solutions across various domains including property and casualty, workers' compensation, and life insurance.

With an extensive global footprint, Sapiens services over 600 clients in more than 30 countries. The company prides itself on offering innovative technologies that cater to the diverse needs of its customer base, thus propelling them toward operational excellence in a dynamic marketplace.

Furthermore, Sapiens has received accolades for its success in forming strategic partnerships, including being selected for Microsoft's Top 100 Partner program. Such recognitions underscore the trust and credibility Sapiens has earned over time from prominent entities in the tech and insurance sectors.

As Sapiens continues to expand its global presence, the company remains steadfast in its mission to support clients through their transformational journeys. With continuous innovation and a focus on delivering outstanding customer experiences, Sapiens is poised for future growth and sustained success.

The outlook for Sapiens appears promising given the current climate in the insurance tech landscape. With digital solutions more in demand than ever, the company is well-positioned to leverage its expertise and technological capabilities to meet the evolving requirements of the insurance market. For prospective investors and clients, Sapiens offers a compelling value proposition, backed by a solid track record and a clear commitment to innovation and excellence.

In conclusion, the confirmation of Sapiens' ratings by S&P Global Ratings Maalot acts as a testament to the company's resilience and potential in an ever-changing industry landscape, reassuring all stakeholders of its capabilities amidst economic challenges.

For more information about Sapiens and its offerings, visit Sapiens or follow Sapiens on LinkedIn for updates and insights into the insurance software market.