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Bangkok Insurance Public Company Limited Goes Live with Sapiens End-to-End P&C Platform

UXBRIDGE, England, June 13, 2024 /PRNewswire/ — Sapiens International Corporation, (NASDAQ: SPNS)( TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that Bangkok Insurance Public Company Limited (BKI), a market leading insurer in Thailand, has gone live with Sapiens Property & Casualty platform, including Sapiens IDITSuite for Property & Casualty, Sapiens ReinsuranceMaster, and Sapiens Intelligence. The go-live is one of the largest, most complex implementations in the Thailand insurance sector to date.

By replacing BKI’s core monolithic application at the end of the project, Sapiens’ award-winning, end-to-end platform will empower BKI with accelerated revenue growth, operational efficiency, and speed to market across all channels and lines of business. Sapiens’ platform also lowers BKI’s total cost of ownership by fostering self-sufficiency in core processes. Sapiens API configuration engine seamlessly connects with Sapiens IDITSuite to launch digital APIs and enable BKI’s digital sales channels and integrate with many internal systems. Sapiens deployed the Thai country layer and conducted data migration of 6.5 million parties.

“When we were assessing vendors, Sapiens demonstrated end-to-end solutions and integration capabilities that were superior to its competitors, and the proven ability to meet our regional regulations,” said Dr. Apisit Anantanatarat, BKI’s CEO and President. “Sapiens IDITSuite provided the digital API configuration excellence we were seeking, and we are confident that the platform will accelerate our growth and operational efficiency.”

“Sapiens is delighted to enable BKI to overcome its legacy obstacles and to fully benefit from this new digital era of opportunity for insurers,” said Roni Al-Dor, Sapiens President & CEO. “We are proud of our critical role in accelerating BKI’s growth and operational efficiency, by providing full, end-to-end functionality, from policies, reinsurance, claims, accounting, document management, workflow, and reporting.”

Sapiens IDITSuite for Property & Casualty is an AI-powered, end-to-end insurance software solution that supports customer acquisition, billing, finance, claims, and renewals. Sapiens ReinsuranceMaster (SRM) is a comprehensive single platform for large and multi-national reinsurance programs, providing full financial control and flexibility across all lines of business. Sapiens Intelligence is an integrated solution that produces actionable insights to maximize the value of data for smarter decision making, improving underwriting risk selection and reducing claims expense ratios.

About Bangkok Insurance Public Company Limited (BKI)

In business since 1947, Bangkok Insurance Public Company Limited is principally engaged in the non-life insurance business of all types. Aligned with the vision ‘To be the preferred non-life insurer in Thailand,’ the company develops a wide range of insurance products and services that promptly respond to customer needs, aiming to maximize their satisfaction through professional and qualified staff. Additionally, the company strives to be innovative, adhering to corporate integrity and being accountable to its stakeholders, thereby driving sustainable business growth in the long run. For more information, please visit

About Sapiens 

Sapiens International Corporation (NASDAQ and TASE: SPNS) empowers the financial sector, with a focus on insurance, to transform and become digital, innovative, and agile. With more than 40 years of industry expertise, Sapiens’ cloud-based SaaS insurance platform offers pre-integrated, low-code capabilities across core, data, and digital domains to accelerate our customers’ digital transformation. Serving over 600 customers in more than 30 countries, Sapiens offers insurers across property and casualty, workers’ compensation, and life insurance markets the most comprehensive set of solutions, from core to complementary, including Reinsurance, Financial & Compliance, Data & Analytics, Digital, and Decision Management. For more information visit  http://www.sapiens.com/ or follow us on LinkedIn

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