Press release 📈 Stocks 🌍 GLOBAL

Sapiens Secures Five-Year SaaS Deal with Philippines-based Quickway Holdings

Quickway Holdings, Inc. has selected Sapiens to modernize its operations across four non-life insurers, replacing in-house systems with a fully managed cloud platform featuring integrated AI and core insurance capabilities.

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Sapiens announced on 11 November 2026 its first customer combining core and AI platforms: Philippines-based Quickway Holdings signed a five-year SaaS agreement on 29 September 2026 covering its four non-life insurers. This is a routine commercial win with no stated contract value or financial guidance, so it supports the APAC growth narrative but is unlikely to move the share price materially.

Catalysts
  • • Five-year SaaS agreement with Quickway Holdings signed 29 September 2026
  • • First customer to adopt Sapiens P&C Foundation and SapiensAIP in a single programme
Risk Factors
  • • No contract value or revenue figures disclosed
  • • Implementation risk of replacing an in-house home-grown platform

🎯 Key Takeaways

  • Quickway Holdings signed a five-year SaaS agreement with Sapiens on 29 September 2026.
  • The deal covers four non-life insurers: Stronghold, Sterling, Milestone, and Bethel.
  • Quickway is the first customer to adopt Sapiens P&C Foundation and SapiensAIP in a single program.
  • The platform will be delivered as a fully managed SaaS service with a 99.9% monthly uptime commitment.

📝 Executive Summary

Sapiens International announced that Quickway Holdings, Inc. has signed a five-year SaaS agreement to implement its core and AI platforms. The deal, signed on 29 September 2026, marks the first time a customer has integrated Sapiens P&C Foundation and SapiensAIP in a single program to support four non-life insurers in the Philippines.

❓ FAQ

Does this deal include a stated contract value?

No. The article only mentions a five-year SaaS agreement signed on 29 September 2026, without any financial terms.

Who is the customer?

Quickway Holdings, Inc., a Philippine holding company whose four participating non-life insurers (Stronghold, Sterling, Milestone and Bethel) rank in the top tier of non-life insurers in the Philippines.