Sapiens International Corporation, has announced its strategic expansion in the Canadian market, bolstering its workforce and expertise to foster continued growth and innovation for regional customers.
Sapiens has been successfully serving leading Canadian insurers for more than 15 years, providing SaaS solutions and services across life, property and casualty, and workers’ compensation markets.
The firm’s strategic decision to expand its Canadian presence even further comes amidst a surge in regional customers, including Saskatchewan Workers’ Compensation Board (WCB).
Other longtime Sapiens’ customers include Canada’s largest insurance mutual, Beneva; and individual life insurer ivari.
Sapiens intends to increase its workforce in its Ontario offices by onboarding seasoned industry professionals with global domain expertise and technical proficiency.
In turn, this move will enhance the firm’s capability to deliver innovative, customer-centric solutions and unparalleled support to even more Canadian clients to drive growth in a competitive market and build a strong regional ecosystem, Sapiens stated.
“Sapiens is proud of its strong local foothold and rapidly growing presence in Canada. We are excited to embark on this new chapter of increased expansion and opportunity. With our expanded footprint and augmented capabilities, Sapiens is poised for continued growth and success in the Canadian market,” said Roni Al-Dor, Sapiens President & CEO.
Adding: “We are steadfast in our commitment to deliver the broadest platform of global best practices and enable outcomes that improve the long-term financial health of our Canadian clients. Sapiens is well-positioned to drive positive change and empower even more insurers across Canada to thrive in an increasingly dynamic and competitive landscape.”
A number of life carriers in Canada are already utilising Sapiens’ digital life solutions. For example, through its partnership with WCB it is transforming the company’s core systems, streamline service delivery and enhance operational efficiency.
Additionally, companies like ApplicationPro, IllustrationPro, UnderwritingPro, and CoreSuite for Life & Annuities are also using Sapiens to enhance their operational efficiency and improve the overall customer and agent experience, the firm stated.
Phillip Germain, WCB’s CEO, said: “With Sapiens’ strong and growing presence in Canada, their expertise and innovative solutions will enable us to meet the evolving needs of our customers, now and in the future.
“Sapiens provides an optimised, integrated platform, coupled with the right people and a proven track record in successful implementations and ongoing support.”
