- Sapiens provides digitalisation suites for life and P&C insurance companies across the globe.
- While the key products are mainly admin related, decision products are becoming more important, and could be a strong upselling opportunity.
- Margin profile continues to be strong with good organic growth in sales and operating profits, but outsourcing efforts in India could be troublesome given COVID-19 and hiring competition.
- Overall, Sapiens continues to perform well, trades at a reasonable multiple given its sustained growth profile, and continues to be a nice pillar for our Asseco Poland investment.
For further details see:
Sapiens Decision Products Are The Future, India Outsourcing Happening At Costly Moment