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 August 2023
Commission File Number 000-20181
SAPIENS INTERNATIONAL CORPORATION N.V.
(Translation of Registrants name into English)
Azrieli Center
26 Harokmim St.
Holon, 5885800 Israel
(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 ☒ Form 40-F ☐
CONTENTS
SIGNATURE
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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Date: August 23, 2023 |
By: |
/s/ Roni Giladi |
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Name: |
Roni Giladi |
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Title: |
Chief Financial Officer |
Exhibit Index
The following exhibit is
furnished as part of this Form 6-K:
3
Exhibit 99.1
![](https://www.sec.gov/Archives/edgar/data/885740/000121390023070091/ex99-1_001.jpg)
Tier-One South African Bank Goes Live Extending
its Sapiens Relationship into
New Territory
Sapiens IDITSuite core solution for short term
(P&C) business was chosen to improve time-to-
market and reduce complexity for new insurance products
Holon, Israel, August 23, 2023—Sapiens International Corporation, (NASDAQ
and TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced that a tier-1 bank in
South Africa went live with Sapiens IDITSuite for Property & Casualty in Namibia as the core system for its short term (non-Life)
insurance business there. The bank has already been using IDITSuite for its core short term operations in South Africa, in addition to
Sapiens CoreSuite for Life & Pensions for its Life & Annuities business.
IDITSuite was chosen by the bank for its expansion into Namibia based
on its satisfaction with the existing relationship with Sapiens and the successful implementation of Sapiens IDITSuite in South Africa.
Sapiens will operate the bank’s core short term systems in Namibia, in addition to a book of business recently acquired there by
the bank from another South African insurance company. At this stage, the implementation will focus on personal lines of business, including
motor, home cover, portable possessions, home contents, and personal liability.
“We are extremely pleased to see our successful implementation
in South Africa result in a satisfied customer electing to extend our partnership into a new region,” said Roni Al-Dor, Sapiens
President and CEO. “This is the realisation and beginning of a broader African expansion strategy from an operational base in South
Africa.”
Sapiens IDITSuite is a digitally led, award-winning, end-to-end, cloud-based
modular insurance platform; supporting personal and commercial lines of business from acquisition to billing, claims and renewal.
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. With more than 40 years of industry
expertise, Sapiens’ cloud-based SaaS insurance platform offers pre-integrated, low-code capabilities across core, data and digital
domains to accelerate our customers’ digital transformation. Serving over 600 customers in more than 30 countries, Sapiens offers
insurers across property and casualty, workers’ compensation, and life insurance markets the most comprehensive set 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 on LinkedIn.
Media and Investor’s Contact
Yaffa
Cohen-Ifrah
Chief Marketing Officer &
Head of Investor Relations, Sapiens
yaffa.cohen-ifrah@sapiens.com
![](https://www.sec.gov/Archives/edgar/data/885740/000121390023070091/ex99-1_002.jpg)
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![](https://www.sec.gov/Archives/edgar/data/885740/000121390023070091/ex99-1_001.jpg)
Forward-Looking Statements
Certain matters discussed in this press release that are incorporated
herein by reference are forward-looking statements within the meaning of Section 27A of the Securities Act, Section 21E of the Exchange
Act and the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, that are based on our beliefs, assumptions
and expectations, as well as information currently available to us. Such forward-looking statements may be identified by the use of the
words “anticipate,” “believe,” “estimate,” “expect,” “may,” “will,”
“plan” and similar expressions. Such statements reflect our current views with respect to future events and are subject to
pandemic risks and uncertainties. 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 the forward-looking
statements, including, but not limited to: the degree of our success in our plans to leverage our global footprint to grow our sales;
the degree of our success in integrating the companies that we have acquired through the implementation of our M&A growth strategy;
the lengthy development cycles for our solutions, which may frustrate our ability to realize revenues and/or profits from our potential
new solutions; our lengthy and complex sales cycles, which do not always result in the realization of revenues; the degree of
our success in retaining our existing customers or competing effectively for greater market share; difficulties in successfully planning
and managing changes in the size of our operations; the frequency of the long-term, large, complex projects that we perform that
involve complex estimates of project costs and profit margins, which sometimes change mid-stream; the challenges and potential liability
that heightened privacy laws and regulations pose to our business; occasional disputes with clients, which may adversely impact our
results of operations and our reputation; various intellectual property issues related to our business; potential unanticipated
product vulnerabilities or cybersecurity breaches of our or our customers’ systems; risks related to the insurance industry
in which our clients operate; risks associated with our global sales and operations, such as changes in regulatory requirements,
wide-spread viruses and epidemics like the recent novel coronavirus pandemic, which adversely affected our results of operations, or fluctuations
in currency exchange rates; and risks related to our principal location in Israel and our status as a Cayman Islands company.
While we believe such forward-looking statements are based on reasonable
assumptions, should one or more of the underlying assumptions prove incorrect, or these risks or uncertainties materialize, our actual
results may differ materially from those expressed or implied by the forward-looking statements. Please read the risks discussed under
the heading “Risk Factors” in our most recent Annual Report on Form 20-F, in order to review conditions that we believe could
cause actual results to differ materially from those contemplated by the forward-looking statements. You should not rely upon forward-looking
statements as predictions of future events. Although we believe that the expectations reflected in the forward-looking statements are
reasonable, we cannot guarantee that future results, levels of activity, performance and events and circumstances reflected in the forward-looking
statements will be achieved or will occur. Except as required by law, we undertake no obligation to update publicly any forward-looking
statements for any reason, to conform these statements to actual results or to changes in our expectations.
![](https://www.sec.gov/Archives/edgar/data/885740/000121390023070091/ex99-1_002.jpg)
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