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 2024
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.
| |
Sapiens International Corporation N.V. |
| |
|
| Date: August 7, 2024 |
By: |
/s/
Roni Giladi |
| |
|
Name:
|
Roni Giladi
|
| |
|
Title: |
Chief Financial Officer |
Exhibit
Index
The
following exhibit is furnished as part of this Form 6-K:
3
Exhibit 99.1
Continental General Selects Sapiens Insurance
Platform for Life & Annuities to Accelerate its Operations
Sapiens enables process modernization, speed
to market, and expansion of
Continental General’s TPA services
Rochelle Park, NJ, August 7, 2024 – Sapiens International Corporation,
(NASDAQ and TASE: SPNS) (“Sapiens”), a leading global provider of software solutions for the insurance industry, today announced
that Continental General Insurance Company (together with its affiliates, “Continental General”), a life, accident, and health
insurance company, has selected Sapiens as a technology partner to help accelerate operations, modernize its platform for future insurance
products, and enhance its ability to scale in new markets.
In addition, Sapiens Insurance Platform will also enable Continental
General to more efficiently implement its long-term care insurance specialty and expand its third-party administrator (TPA) services through
its affiliated TPA, Continental General Services.
“As we continue to grow and evolve our business, Sapiens is the
ideal technology partner because of its ability to provide a highly flexible and customizable suite of SaaS-based solutions that is built
to fit the unique needs of our company, clients, and policyholders,” said Ayanna Burns, Chief Transformation Officer at Continental
General. “Sapiens not only provides an innovative suite of solutions, but its team also brings a collaborative approach that will
help us to scale up to meet complex implementation challenges involving multiple products and organizations.”
“It’s extremely gratifying for us to be chosen to deliver
the end-to-end solution Continental General requires, while also accommodating its growing TPA and multi-product line needs,” said
Roni Al-Dor, Sapiens President and CEO. “We are proud to be able to provide the sophisticated technical expertise, flexibility,
and innovation that today’s insurance organizations need.”
Sapiens Insurance Platform helps companies accelerate growth by supporting
end-to-end insurance processes across all lines of life, health, and annuities operations and is enhanced by Sapiens’ deep industry expertise.
Sapiens pre-integrated, packaged business solutions ensure rapid deployment and implementation, allowing for faster time to market and
enabling insurers to swiftly adapt to market changes by offering innovative products and services more efficiently.
Through this partnership, Continental General
will be leveraging the capabilities of Sapiens SaaS insurance platform, which includes Sapiens CoreSuite for Life & Annuities, a
comprehensive, configurable, and unified underwriting, policy, billing, and claims software to accelerate insurance transformation across
all life & annuities business lines; Sapiens DigitalSuite, a comprehensive, cloud-native, future-proof digital engagement suite specifically
designed to enable, sustain, and grow insurance businesses; Sapiens IllustrationPro, a dynamic point-of-sale solution for life &
annuities that quickly and accurately generates quotes and compliant illustrations through an intuitive and modern engagement; Sapiens
ApplicationPro, a turn-key solution that enhances customer experience, reduces cost, and creates a seamless workflow; and Sapiens UnderwritingPro,
a highly configurable, award-winning accelerated underwriting and new business case management offering.
www.sapiens.com
About Continental General
Based in Austin, Texas, Continental General Insurance Company was incorporated
as a life, accident & health insurance company in 1961. Our family of companies and strategic partners provide administrative services
to over 100,000 policyholders. We are dedicated to upholding the commitments we have made to provide excellent service to all our policyholders
and serve the needs of our claimants and their families during difficult times. Learn more about Continental General at www.cgic.com.
TPA Services provided by Continental General Services, LLC (in California
doing business as Continental General Administrative Services).
Continental Insurance Group, Ltd. (“CIG”) is the parent
company of Continental General Management, LLC (“CGM”), Continental General Insurance Company (“CGIC”), and Continental
General Services, LLC (“CGS”). CIG, CGM, CGIC, and CGS are all wholly owned subsidiaries of Continental General Holdings,
LLC (“CGH”).
CGIC is a stock life, accident and health insurance company existing
under the laws of the State of Texas and is a licensed insurance carrier in forty-nine states, the District of Columbia, and the U.S.
Virgin Islands.
Continental General is an umbrella marketing name for CGM, CGIC, and
CGS.
About Sapiens
Sapiens International Corporation (NASDAQ and TASE: SPNS) is a global
leader in intelligent insurance software solutions. With Sapiens’ robust platform, customer-driven partnerships, and rich ecosystem,
insurers are empowered to future-proof their organizations with operational excellence in a rapidly changing marketplace. We help insurers
harness the power of AI and advanced automation to support core solutions for property and casualty, workers’ compensation, and
life insurance, including reinsurance, financial & compliance, data & analytics, digital, and decision management. Sapiens boasts
a longtime global presence, serving over 600 customers in more than 30 countries with its innovative SaaS offerings. Recognized by industry
experts and selected for the Microsoft Top 100 Partner program, Sapiens is committed to partnering with our customers for their entire
transformation journey and is continuously innovating to ensure their success. Visit our website at www.sapiens.com
Investor and Media Contact
Yaffa Cohen-Ifrah
Sapiens Chief Marketing Officer and Head of Investor Relations
Mobile: +1 917 533 4782
Email: Yaffa.cohen-ifrah@sapiens.com
www.sapiens.com
Forward Looking Statements
Certain matters discussed in this press release
that are incorporated herein and therein 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 certain 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; the global macroeconomic environment, including headwinds caused by inflation, relatively high interest rates, potentially
unfavorable currency exchange rate movements, and uncertain economic conditions, and their impact on our revenues, profitability and cash
flows; 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 coronavirus epidemic, and 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 Annual Report on Form 20-F for the year ended December 31, 2023, to
be filed in the near future, 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.
www.sapiens.com
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