Bankers Insurance Group Selects Sapiens to Power Digital Modernization and Accelerate Strategic Growth
Sapiens International (NASDAQ: SPNS) has secured a significant partnership with Bankers Insurance Group to modernize the latter's core insurance systems. The implementation of Sapiens CoreSuite for Property & Casualty will support Bankers' strategic growth initiatives, starting with builder's risk and business owner's policy (BOP) products.
The cloud-native, SaaS-based solution will enable Bankers to transition from legacy systems to a modern platform, offering enhanced automation, improved efficiency, and accelerated time-to-market. The partnership aims to strengthen Bankers' competitive position through advanced analytics, automated decision-making, and seamless integration with insurtech ecosystems.
Sapiens International (NASDAQ: SPNS) ha siglato una partnership significativa con Bankers Insurance Group per modernizzare i sistemi core assicurativi di quest鈥檜ltima. L鈥檌mplementazione di Sapiens CoreSuite per Property & Casualty supporter脿 le iniziative strategiche di crescita di Bankers, a partire dai prodotti builder鈥檚 risk e business owner鈥檚 policy (BOP).
La soluzione cloud-native e SaaS consentir脿 a Bankers di migrare dai sistemi legacy verso una piattaforma moderna, offrendo maggiore automazione, efficienza migliorata e tempi di commercializzazione ridotti. La collaborazione punta a rafforzare la posizione competitiva di Bankers grazie ad analytics avanzati, processi decisionali automatizzati e integrazione fluida con gli ecosistemi insurtech.
Sapiens International (NASDAQ: SPNS) ha asegurado una asociaci贸n importante con Bankers Insurance Group para modernizar los sistemas centrales de seguros de esta 煤ltima. La implementaci贸n de Sapiens CoreSuite para Property & Casualty respaldar谩 las iniciativas estrat茅gicas de crecimiento de Bankers, comenzando con los productos builder鈥檚 risk y business owner鈥檚 policy (BOP).
La soluci贸n nativa en la nube y basada en SaaS permitir谩 a Bankers pasar de sistemas legacy a una plataforma moderna, ofreciendo mayor automatizaci贸n, eficiencia mejorada y tiempos de salida al mercado m谩s r谩pidos. La alianza busca fortalecer la posici贸n competitiva de Bankers mediante anal铆tica avanzada, toma de decisiones automatizada e integraci贸n fluida con los ecosistemas insurtech.
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Sapiens International (NASDAQ: SPNS) a conclu un partenariat important avec Bankers Insurance Group pour moderniser les syst猫mes centraux d鈥檃ssurance de ce dernier. La mise en 艙uvre de Sapiens CoreSuite pour Property & Casualty soutiendra les initiatives strat茅giques de croissance de Bankers, en commen莽ant par les produits builder鈥檚 risk et business owner鈥檚 policy (BOP).
La solution cloud-native et bas茅e sur le mod猫le SaaS permettra 脿 Bankers de migrer des syst猫mes legacy vers une plateforme moderne, offrant une automatisation accrue, une efficacit茅 am茅lior茅e et un d茅lai de mise sur le march茅 acc茅l茅r茅. Ce partenariat vise 脿 renforcer la position concurrentielle de Bankers gr芒ce 脿 des analyses avanc茅es, une prise de d茅cision automatis茅e et une int茅gration fluide avec les 茅cosyst猫mes insurtech.
Sapiens International (NASDAQ: SPNS) hat eine bedeutende Partnerschaft mit Bankers Insurance Group geschlossen, um die Kernversicherungssysteme des Unternehmens zu modernisieren. Die Implementierung von Sapiens CoreSuite f眉r Property & Casualty wird Bankers鈥� strategische Wachstumsinitiativen unterst眉tzen, beginnend mit Builder鈥檚 Risk- und Business Owner鈥檚 Policy-(BOP)-Produkten.
Die cloud-native, SaaS-basierte L枚sung erm枚glicht Bankers den 脺bergang von Altsystemen zu einer modernen Plattform und bietet verbesserte Automatisierung, h枚here Effizienz und verk眉rzte Time-to-Market. Die Partnerschaft zielt darauf ab, Bankers durch fortschrittliche Analytik, automatisierte Entscheidungsprozesse und nahtlose Integration in Insurtech-脰kosysteme wettbewerbsf盲higer zu machen.
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Insights
Sapiens secured a significant client win with Bankers Insurance Group, strengthening its position in the insurance software market.
This deal represents a meaningful win for Sapiens (NASDAQ: SPNS) in the competitive insurance software market. Bankers Insurance Group's selection of Sapiens CoreSuite for Property & Casualty is strategically important as it's part of a comprehensive transformation initiative spanning multiple insurance products, beginning with builder's risk and business owner's policy (BOP) solutions.
The implementation will replace Bankers' legacy systems with Sapiens' cloud-native, SaaS-based platform - a critical transition that addresses several pain points common in the insurance industry: manual processing inefficiencies, scalability limitations, and speed-to-market constraints. This type of enterprise-wide core system replacement typically represents a multi-year, multi-million dollar contract for vendors like Sapiens.
What's particularly noteworthy is the expansion potential. The press release explicitly mentions this is just the starting point, with "additional product launches to follow" - suggesting this could be a growing account for Sapiens over time as Bankers expands into new states and product lines.
From a competitive standpoint, this win reinforces Sapiens' position against rivals like Duck Creek, Guidewire, and Majesco in the P&C insurance platform market. The emphasis on cloud-native architecture and SaaS delivery aligns with where the insurance software market is heading, as carriers increasingly prefer subscription-based models that reduce upfront capital expenditure while providing ongoing innovation.
For context, these enterprise insurance platform deals are significant because they're typically difficult to displace once implemented. Insurance core systems become deeply embedded in carriers' operations, creating high switching costs and potential for long-term recurring revenue.
The specialty commercial carrier will enhance its business by modernizing core systems with Sapiens, starting with builder's risk, business owner's policy, and then a series of new products
Bankers is embarking on an ambitious growth strategy, including expansion into new states and product lines. To support this vision, Bankers selected Sapiens CoreSuite for P&C to modernize its technology stack and help power its next chapter of growth and operational excellence 鈥� starting with builder's risk and business owner's policy (BOP), with additional product launches to follow. The partnership with Sapiens will provide a modern, scalable platform that delivers automation and improves efficiency.
"This transformation is about enabling our people and empowering our trading partners, not just upgrading systems," said Walt Sykes, President, Bankers Insurance Group. "We were looking for a flexible, modern platform to elevate the experience of those we serve and position ourselves for long-term, scalable growth. Sapiens' approach, proven expertise, and technology architecture made them the ideal partner to help bring our vision to life."
Sapiens CoreSuite for P&C will support Bankers' transition from a legacy system to a modern, end-to-end suite 鈥� allowing the company to scale efficiently, reduce manual processing, and improve service levels across the business. With advanced automation and analytics, the solution will accelerate time-to-market, enhance responsiveness to trading partners, and strengthen Bankers' ability to navigate a dynamic and competitive market.
"We are excited to partner with Bankers on their transformation journey," said Roni Al-Dor, President and CEO of Sapiens. "Our cloud-native, SaaS CoreSuite is designed to support growth initiatives of forward-thinking insurers like Bankers. It will deliver agility, ongoing innovation, and access to next-generation insurtech ecosystems, helping Bankers to remain future-ready."
is a truly integrated suite to address all North American P&C insurer needs, including policy administration, billing, and claims. The solution empowers P&C insurers to quickly adjust to market and regulatory changes, evolving customer expectations, and the constant emergence of new competitors, by including a platform of automated decision, reinsurance, data and analytics, and digital applications for a completely modernized landscape.
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At Bankers, we believe true value comes from empowering our customers. Our dedicated staff and agents take the time to understand each policyholder's unique needs, ensuring they receive the right coverage at the right price. Together, we deliver insurance solutions with the reliability, responsiveness, and results our customers trust and deserve.
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ABOUT SAPIENS听
Sapiens International Corporation (NASDAQ and TASE: SPNS) is a global leader in intelligent SaaS-based 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. Our Saas-based solutions 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 our innovative 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.听听听
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FAQ
What is the new partnership between Sapiens (NASDAQ: SPNS) and Bankers Insurance Group?
How will Sapiens CoreSuite benefit Bankers Insurance Group's operations?
What products will Bankers Insurance Group initially launch using Sapiens' platform?
What features does Sapiens CoreSuite for Property & Casualty include?
Who is leading the transformation at Bankers Insurance Group?
