Report of Foreign Issuer (6-k)
April 01 2015 - 6:09AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
For the month of April, 2015
Commission File Number 000-20181
SAPIENS INTERNATIONAL CORPORATION N.V.
(Translation of Registrant’s name
into English)
c/o Landhuis Joonchi
Kaya Richard J.
Beaujon z/n
P.O. Box 837
Willemstad,
Curaçao
(Address of Principal
Executive Office)
Indicate by check mark whether the registrant files or will
file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F x
Form 40-F o
Indicate by check mark if the registrant is submitting the Form
6-K in paper as permitted by Regulation S-T Rule 101(b)(1): o
Indicate by check mark if the registrant is submitting the Form
6-K in paper as permitted by Regulation S-T Rule 101(b)(7): o
SIGNATURES
Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.
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Sapiens
International Corporation N.V. |
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By: /s/ Roni Giladi |
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Roni Giladi |
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Chief Financial Officer |
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Dated: April 1, 2015
Exhibit 99.1
![Sapiens Logo notag.jpg](image_001.jpg)
Sapiens Launches Closed Books Solution
for the Greater European Insurance Market
Closed Books is an end-to-end system
specifically designed for
cost- and process-efficient legacy portfolio administration
Holon, Israel – April 1, 2015 – Sapiens
International Corporation, (NASDAQ and TASE: SPNS), a leading global provider of software solutions for the insurance industry,
with an emerging focus on the broader financial services sector, today announced the official launch and general availability
of its Sapiens Closed Books solution for the European life and pension (L&P) insurance market.
Already successfully in production at Wesleyan Assurance Society
in the UK, the Closed Books offering from Sapiens is now generally available across Europe. Sapiens Closed Books is a unique solution
for L&P insurers that is designed to provide a modern and cost-efficient platform for the administration of insurers’
legacy portfolios. Whether the platform is chosen as part of an “Old-Co/New-Co” strategy or as an Old-Co consolidation
platform, Sapiens Closed Books is ideal for addressing the administration of legacy portfolio challenges shared by most insurers.
Insurer benefits following the implementation of Sapiens Closed
Books include significant cost reductions through legacy decommissioning and increased in-force policy to FTE ratios; improved
operational and reporting consistency across all products; a single view of the customer, along with a consistent and quality customer
experience; and significantly reduced reliance on a rapidly retiring legacy system skill-set. A variety of deployment and pricing
options are available, offering flexibility to meet each insurer’s specific needs, budgets and preferences.
“When looking to make processing our legacy portfolio
much more efficient, we turned to Sapiens and the Closed Books solution,” commented Liz McKenzie, Wesleyan’s Group
Corporate Services director. “Not only is the system a complete and modern solution to manage our closed books of business,
but the expertise of the Sapiens team and the commitment to work with us through our closed books implementation demonstrated a
true partnership between our organizations.”
Highlights of the Sapiens Closed Book solution’s capabilities
include:
| · | Full
support for post-new business functionality |
| · | A
product-agnostic approach supporting over 400 products across the insurance business |
| · | Support
for multi-jurisdiction and legislation |
| · | Company
layers, enabling multiple books of business to be logically split, or simply branded individually |
| · | A
unique, sophisticated and proven migration capability that deals with dirty data, minimizing the need for an expensive and time-consuming
data clean-up effort |
"Our Closed Book offering comes at a time when legacy
portfolio management is becoming more and more expensive for insurers,” said Henry Ainouze, vice president of sales and
operations, Sapiens Europe. “The impact of portfolio attrition
and the ongoing need to support legislative requirements continue to drive up the unit costs per policy. Consolidation of legacy
platforms on our Closed Books solutions enables insurers to reduce these costs and realize significant reserve release through
de-commissioning of out-of-date, inefficient and increasingly expensive legacy environments.”
About Sapiens
Sapiens International Corporation (NASDAQ and TASE: SPNS) is
a leading global provider of software solutions for the insurance industry, with an emerging focus on the broader financial services
sector. Sapiens offers core, end-to-end solutions to the global general insurance, property and casualty, life, pension and annuities,
reinsurance and retirement markets, as well as business decision management software. The company has a track record of over 30
years in delivering superior software solutions to more than 130 financial services organizations. The Sapiens team of over 1,000
professionals operates through our fully-owned subsidiaries in North America, the United Kingdom, EMEA and Asia Pacific. For more
information: www.sapiens.com.
Investors and Media Contact
Yaffa Cohen-Ifrah
Chief Marketing Officer and Head of Corporate Communications
Sapiens International
Mobile: +1-201-250-9414
Phone: +972-3-790-2026
Email: Yaffa.cohen-ifrah@sapiens.com
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