Sapiens, an Israel-based insurtech with an estimated market valuation of nearly $2 billion, is exploring a potential sale. Sapiens is working with investment bank William Blair to gauge interest from potential buyers, including private equity firms. Sapiens, which is traded in Tel Aviv and New York, provides software to insurers that specialize in areas such as property & casualty insurance, workers’ compensation, and life insurance. It has more than 5,000 employees, with operations in over 30 countries and a customer base of more than 600, according to its website.
Israeli insurtech company Sapiens, valued at nearly $2 billion, eyes sale
