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 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: September 30, 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
Hollard Group Risk Goes Live with Sapiens Data
and Analytics Solution to
Complement Sapiens CoreSuite for Life & Pensions
The implementation accelerates HGR’s
complete core transformation for Life & Pensions
Uxbridge, UK, September 30, 2024 — Sapiens
International Corporation, (NASDAQ and TASE: SPNS), a leading global provider of software solutions for the insurance industry,
announced today that South Africa’s Hollard Group Risk (HGR), a division of Hollard Life Insurance Company Limited, has gone
live with Sapiens DataSuite, to accelerate the complex migration of HGR’s business and align processes with Sapiens CoreSuite
for Life & Pensions. DataSuite will support the transition period between the core system and HGR’s legacy system.
Sapiens DataSuite supports the complex launch of CoreSuite by producing
actionable insights and automated, consolidated reports across HGR legacy system and CoreSuite system among all lines of business to deliver
maximum business value. Among its many benefits, DataSuite empowers HGR with the ability to manage their data and reporting needs and
seamlessly operate their business as usual during the migration from their legacy policy administration system. The solution provides
HGR with a detailed suite of operational, claims, underwriting, financial, risk and actuarial reports.
In addition, integrating DataSuite with HGR’s legacy policy administration
system and CoreSuite significantly reduces the complexities of the migration process, which required complicated development of tailored
reports and merging of reports across the legacy and CoreSuite systems. CoreSuite’s policy administration system includes
the full range of group scheme processing including enrolment via file for bulks or manually for a single member, periodical payroll processing,
premium payments, commission and binder fee calculations, renewal calculations, and claims.
“The implementation of DataSuite propels our long and trusted
relationship with Sapiens to a new level of partnership,” said Duran Chetty, HGR’s COO & CIO. “Sapiens CoreSuite
for Life & Pensions is replacing our core legacy system to drive down operational costs and deliver automated, seamless user experiences
for customers, alliance partners, and HGR staff. CoreSuite and DataSuite will also help accelerate our digital transformation objectives.
Sapiens’ dedicated data solution and data warehouse have stepped in to handle our existing business volumes, while accommodating
expected growth.”
“Sapiens delivered HGR a complete transformation package to accelerate
their market position and reduce the complexities of their reporting requirements,” said Roni Al-Dor, Sapiens President and CEO.
“HGR’s launch of Sapiens CoreSuite was the first comprehensive group risk implementation in South Africa, and we are excited
to see the continuation of this project with DataSuite and to accompany HGR as they expand.”
Sapiens CoreSuite for Life & Pensions 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.
Sapiens DataSuite is a data management solution that empowers insurers
to transform their data into actionable insights to maximize the value of their data. DataSuite is a modular, highly innovative business
intelligence solution specifically for insurance markets.
About Hollard Group Risk (HGR)
Hollard Group Risk (HGR) is a division of Hollard Life Insurance Company
Limited. HGR is an independent specialist risk manager that provides a comprehensive range of flexible risk benefit solutions to employer
and affinity groups, both locally and internationally. For more information, visit https://hollardgrouprisk.com/
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.
For more information visit https://sapiens.com or follow
us on LinkedIn
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
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.
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