A Major Financial Institution Chooses Sapiens to Disrupt How Life Insurance Is Sold in America

Sapiens’ CoreSuite for Life & Annuities integrated DigitalSuite solution will enable the sale of life insurance through a new and exciting sales process.

RALEIGH, NC, Sept. 22, 2022 /PRNewswire/ — The concept of the company Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of solutions for the insurance industry, announced today that the leading financial institution has selected Sapiens to provide its life insurance products in the Americas. Sapiens’ award-winning CoreSuite for Life & Annuities and DigitalSuite SaaS solution will provide next-generation customer marketing and service capabilities. The companies strengthened the partnership at the Insurtech Conference (ITC) on September 20.

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Sapiens CoreSuite for Life & Annuities is an end-to-end, cloud-based digital technology solution for whole life, global life, wealth accumulation and investment. This will empower this financial institution with a high-quality, simple 360 ​​° view of customers within the process management process, across all distribution channels and communication channels. Sapiens DigitalSuite provides a digital access and support platform for insurers to deliver a unified, omni-channel experience.

“We are very pleased to partner with this financial institution in their next generation insurance projects,” he said. Jamie Yoder, Sapiens North America President & General Manager. “Sapiens Core administration solution and pre-integrated digital enabled platform will help them to provide customer-focused life insurance, in a new way, using our cloud solutions.”

Sapiens are present with them ITC conference (Booth #2239) center September 20-22at Mandalay Bay Las Vegasand available to meet and discuss offers and solutions.

About Sapiens

Sapiens International Corporation (NASDAQ and TASE: SPNS) empowers the financial sector, with a focus on insurance, to transform and become digital, innovative, and agile. Backed by more than 40 years of industry expertise, Sapiens offers a complete insurance platform, with integrated, low-cost solutions and a cloud-first solution that enables customer transformation. Serving more than 600 clients in 30 countries, Sapiens provides property and casualty insurance, workers’ compensation and life markets with a wide range of solutions, from core to complementary, including Reinsurance, Financial & Compliance, Data & Analytics, Digital, and Decision Management . . For more information visit https://sapiens.com or follow us LinkedIn.

Forward-Looking Statements

Certain matters discussed in this article that are included in the statements herein are forward-looking statements within the meaning of Section 27A of the Securities Act, Section 21E of the Exchange Act and the protected sections of the US Private Securities Litigation Reform Act of 1995. , based on our beliefs. , our thoughts and expectations, as well as the information we currently have. Such forward-looking statements can be identified by using the words “expect,” “believe,” “estimate,” “hope,” “can,” “will,” “plan” and similar words. Such statements reflect our current views on future events and are subject to pandemic risk and uncertainty. There are important factors that could cause our actual results, levels of activity, performance or achievements to differ materially from the results, levels of activity, performance or achievements expressed or implied by forward-looking statements, including, but not limited to, including but not limited to: the degree of our success in our plans to develop our international operations to grow our business; the degree of our success in integrating the companies we have acquired in implementing our M&A growth strategy; the long development processes of our solutions, which can be frustrating. Our ability to realize revenue and/or profit from our new solutions; our long and difficult sales, which do not result in financial realization; the extent to which we are successful in retaining existing customers or competing effectively in key markets. ; difficulties in properly planning and managing changes in the size of our operations; the number of long-term, large, complex projects we undertake that involve project cost estimates and profit margins, which sometimes change midway; the challenges and potential liability that privacy laws may have on our business; periodic disputes with customers, which could adversely affect our results of operations and reputation; various technical issues related to our business; unexpected threats or cyber security breaches to our systems or our customers; risks related to the insurance business in which our customers operate; risks associated with our business and operations around the world. , such as changes in laws, viruses and epidemics like the recent coronavirus pandemic, which significantly affected the results of our operations, or fluctuations in currency exchange rates; and risks related to our major facilities Israel and our responsibility as a Cayman Islands company.

Although we believe that such forward-looking statements are based on reasonable assumptions, if one or more of those assumptions prove to be incorrect, or if these risks or uncertainties materialize, our actual results could differ materially from those expressed or implied by the forward-looking statements. Please read the risks described under the heading “Risks” in our most recent Annual Report on Form 20-F, for a review of conditions that we believe could cause actual results to differ materially from those contemplated by the forward-looking statements. Do not rely on forward-looking statements as predictions. Although we believe that the expectations expressed in the forward-looking statements are reasonable, we cannot guarantee that future results, performance measures, operations and activities and events expressed in the forward-looking statements will be achieved or will occur. Except as required by law, we are under no obligation to publicly update any forward-looking statements for any reason, to reflect actual results or changes in our expectations.

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