Sapiens named in Everest Group's top 50 insurance lists

Sapiens has been named in Everest Group's Top 50 lists for Property and Casualty Insurance Technology Providers and Life and Annuities Insurance Technology Providers, placing it among providers selected from more than 200 insurtech companies.

Everest Group's assessments reflect changing insurance technology buying across both markets, as insurers update core systems, expand the use of artificial intelligence and adopt low-code approaches. The two lists cover the property and casualty segment and the life and annuities segment, giving Sapiens recognition across both sides of the insurance market.

The dual listing reflects Sapiens' position in software for insurers across the insurance value chain. The company serves more than 600 insurance companies in over 30 countries, spanning property and casualty, life, wealth and retirement, workers' compensation and reinsurance.

Industry analysts have been tracking a broader shift as insurers replace older platforms and seek systems that support product development, underwriting, and claims with greater automation. Everest Group said the latest rankings were shaped by a market moving towards AI-led tools, ecosystem links and cloud-native systems.

That backdrop helps explain why suppliers with products across multiple lines of business are drawing attention. Insurers are under pressure to simplify technology estates while responding more quickly to customer demands, regulatory change and cost pressures.

Market shift

Alongside the rankings, Everest Group said it reduced a field of more than 200 providers to 50 finalists in each category after what it described as a rigorous assessment. The exercise highlights a competitive market in which established suppliers and newer entrants are competing for spending tied to modernisation programmes.

Appearing on both lists can matter for vendors because many large insurers operate across several product lines and prefer technology partners that can support multiple parts of the business. Recognition in both property and casualty and life and annuities can also indicate broader product reach than providers focused on a single segment.

In its latest comments on the rankings, Sapiens placed particular emphasis on underwriting technology. The company linked its recognition to work on its underwriting workbench, an area where insurers are increasingly seeking software to improve speed, consistency and decision-making.

"Being recognized in Everest Group's Top 50 reports for insurance technology providers in both P&C and Life underscores our technology leadership and the AI‐powered innovation we have been driving, particularly with our underwriting workbench," said James Hannay, Chief Revenue Officer at Sapiens. "We are proud to be a partner supporting transformation across the entire insurance value chain. Sapiens is enabling insurers to move at pace, delivering hyper-relevant products and services that not only drive growth and competitive advantage for insurers, but help them better serve their customers."

Competitive field

The insurance software market has drawn increasing attention as carriers invest in replacing or updating policy administration systems, claims platforms, and digital customer tools. Demand has also grown for software that can connect with third-party data sources and support the use of artificial intelligence in underwriting and claims handling.

In property and casualty insurance, technology investment has often centred on pricing, claims management and distribution. In life and annuities, insurers have focused more heavily on policy administration, legacy system replacement and the handling of long-term products that can be difficult to modernise.

Recognition across both sectors, therefore, carries weight because the operational requirements of those markets differ significantly. Providers that serve both must meet different product structures, regulatory environments and distribution models while maintaining a common technology framework.

Sapiens says its platform is integrated and covers end-to-end insurance operations. It also says it has a presence across the full insurance value chain, an area that has become more relevant as insurers try to reduce the number of separate systems and suppliers they rely on.

The latest rankings come as insurers test how far AI can be applied beyond pilot projects and into day-to-day operations. Suppliers that can demonstrate practical use cases in underwriting, claims, and product development are likely to face scrutiny as insurers decide where to allocate technology budgets.