The company will expand its reach to new prospects seeking industry-leading SaaS solutions and services across life, property and casualty, and workers' compensation markets, while also strengthening support for its current Canadian customers with an increased focus on providing cutting-edge solutions and superior customer service in Canada.

The relocation coincides with an increase in the number of regional clients, one of which being the Saskatchewan Workers' Compensation Board (WCB). Two of its most reputable individual life insurers are ivari and Beneva, the biggest insurance mutual in Canada.

Sapiens intends to boost its Ontario staff by bringing on board seasoned industry professionals with vast worldwide expertise and technological capabilities in order to effortlessly manage this development and meet increasing customer demands.

This action strengthens Sapiens' capacity to offer cutting-edge, client-focused solutions and unmatched support to a wider range of Canadian customers, propelling growth in a highly competitive industry and promoting a strong local ecosystem.

CEO of WCB Phillip Germain said, "With Sapiens' solid and expanding presence in Canada, their knowledge and creative solutions will help us to satisfy our clients' changing needs both now and down the road. In addition to having the proper people and a track record of successful implementations and continuing support, Sapiens offers an optimized, integrated platform.

"Sapiens is proud of its strong local foothold and rapidly growing presence in Canada," said Roni Al-Dor, President & CEO of Sapiens. We are eager to start this new chapter of even more growth and possibility. Sapiens is well-positioned for sustained development and success in the Canadian market because to its enhanced capabilities and increased footprint. We remain unwavering in our resolve to provide the widest possible platform of international best practices and to facilitate results that enhance our Canadian clients' long-term financial well-being. With its advantageous position, Sapiens is well-positioned to bring about positive change and enable even more insurers in Canada to prosper in a market that is becoming more competitive and dynamic.