Israel’s Sapiens (see here) has previously taken over US and Spanish companies to build up its insurance software empire. Now it has bought German digitalization software developer Sum.cumo GmbH for 28.4 million euros to help expansion into Germany, Austria and … Continue reading →

Israeli insurance software company Sapiens (see here) employs over 2,500 people globally and is still growing. It has just taken over Madrid-based insurance consultants Calculo. The acquisition will help Sapiens enter the Spanish market. https://www.calcalistech.com/ctech/articles/0,7340,L-3771814,00.html

Israel’s Sapiens International Corporation has announced the successful go-live of Sapiens Reinsurance at Royal and Sun Alliance (RSA) – one of the world’s leading multi-national general insurance groups, serving customers in around 140 countries. http://www.sapiens.com/news/rsa-a-leading-insurance-group-goes-live-with-sapiens-reinsurance/

Israeli insurance software company Sapiens is offering its insurance clients the driving behavior app from Israel’s GreenRoad Driving Technologies. It will allow the insurers to assess the risks of potential customers and offer personalized policies with appropriate premiums. https://www.calcalistech.com/ctech/articles/0,7340,L-3851253,00.html https://www.sapiens.com/ea/press-releases/sapiens-partners-with-greenroad-technologies-to-improve-driver-safety-personalize-driver-insurance-premiums/

Ecclesiastical Insurance has selected Israel’s Sapiens as part of its aim to transform its ethical UK and Irish business. Its property and casualty/general insurance will use Sapiens’ IDIT suite and Sapiens’ Reinsurance replaces its general insurance systems. https://www.sapiens.com/news/ecclesiastical-insurance-group-selects-sapiens-property-and-casualty-insurance-suite-as-its-new-core-platform/

The fifth largest commercial bank in the US – U.S. Bank – has selected DECISION Manager from Israel’s Sapiens International to help service its mortgage customers. U.S. Bancorp has 74,000 employees and will use DECISION within its Home Mortgage group. … Continue reading →

In another example of a large takeover by an Israeli company of a US firm, Israel’s Sapiens International has bought Denver-based StoneRiver Inc for around $102 million. Both IT companies focus on the Insurance industry. http://www.sapiens.com/news/sapiens-to-acquire-u-s-based-stoneriver-inc-for-approximately-102-million/ https://www.youtube.com/embed/PYb9PkjXIOs?rel-0

For those that think there are no big Israeli companies, Israel’s Formula Systems controls three Israel companies – Matrix IT, Magic Software and Sapiens. Together they employ thousands of IT experts and sell products and services in hundreds of countries. … Continue reading →