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 September 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: September 7,
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/885740/000121390023074564/ex99-1_001.jpg)
Tier-One Bank in South Africa
Extends Relationship with Sapiens CoreSuite for Life & Pensions for New Line of Business
Sapiens CoreSuite for Life
& Pensions was chosen for its speed to market and quick implementation time
Holon, Israel, September 07,
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, a long standing customer of Sapiens, is extending their
use of Sapiens CoreSuite for Life & Pensions to launch their Group Risk proposition.
The expanded use of Sapiens CoreSuite
for Life & Pensions follows the bank’s strategic intent to launch new and exciting products to their customer base. The adoption
of Sapiens CoreSuite for Life & Pensions fulfills the requirement for a full and robust policy administration solution. CoreSuite
will enable the bank to build a full end-to-end, future-proofed solution for managing its group risk business, replacing the need for
onerous existing business processes. The timeline for the project, which included analysis, design and delivery to production took only
eight months.
“We are proud that the
bank chose to expand its relationship with Sapiens because of their trust in our established track record and our live customers in the
region” said Roni Al-Dor, Sapiens CEO and President. “Our focus on speed to market for a quick product launch perfectly fit
the needs of the bank.”
Sapiens
CoreSuite is a software solution for end-to-end core operations and processes. An award-winning policy administration system, it supports
individual and group products across life, health, wealth & retirement.
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/885740/000121390023074564/ex99-1_002.jpg)
www.sapiens.com
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/885740/000121390023074564/ex99-1_002.jpg)
www.sapiens.com
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