10:28 AM EDT, 09/04/2024 (MT Newswires) -- Sapiens International ( SPNS ) said Wednesday it has formed a partnership with geospatial platform Addresscloud to enhance insurers' insights into geographic risks and improve decision-making.

One of the offerings of the partnership is accurate geocoding, which ensures precise location data for every insured property, thereby minimizing errors in risk assessment and claims processing, the company said.

Sapiens shares were down 0.8% in recent trading.

Price: 34.84, Change: -0.29, Percent Change: -0.83