Sapiens Awarded $1.1 Million Reinsurance Contract by a Global Financial Services...

Sapiens Awarded $1.1 Million Reinsurance Contract by a Global Financial
Services Group

RESEARCH TRIANGLE PARK, North Carolina, June 29 /PRNewswire-FirstCall/ --
Sapiens International Corporation N.V (NASDAQ and TASE: SPNS) today announced
that a global Financial Services Group's Reinsurance arm, has selected
Sapiens to implement its reinsurance administration software, Sapiens
INSIGHT(TM) for Reinsurance, awarding Sapiens a contract award in the amount
of $1.1 million.
Sapiens INSIGHT(TM) for Reinsurance will be implemented to manage the
entire reinsurance business portfolio across the group, providing efficient
services and access to users of the Reinsurance Entity and global business
units.
The customer chose the INSIGHT(TM) solution after a thorough selection
process due to its agility and the constant evolution of the package to meet
market requirements and regulations. Sapiens' ability to deliver
implementation environment using its modeling (codeless) technology on top of
Microsoft environments provides very good cost effectiveness.
Roni Al-Dor, Sapiens CEO, commented: "We are very proud to have extended
our partnership with one of the world's largest Financial Services Groups
with our Reinsurance solution, offering clear business and technology
benefits. This contract is particularly significant, as it adds another
valuable member to the Sapiens INSIGHT(TM) insurance family."
About the Sapiens INSIGHT for Reinsurance solution
Sapiens INSIGHT(TM) for Reinsurance is part of the company's INSIGHT
suite of insurance solutions. It is a ground-breaking solution for management
of all types of reinsurance, with comprehensive support for the rapidly
changing requirements of the reinsurance market. This powerful
framework-based solution manages in one single platform ceded and assumed
reinsurance, proportional and non-proportional treaties and facultative
contracts. Currently the system handles all property and casualty, commercial
and personal lines. Life business and health will be made available at end
2009. Designed for the international market, Sapiens INSIGHT(TM) for
Reinsurance is based on ACORD standards and B2B XML technology, supporting
multi-currency, multi-lingual, and is suited to accommodate multi-company
corporate structures.
About Sapiens
Sapiens International Corporation (NASDAQ and TASE: SPNS) is a leading
provider of business critical IT software solutions for insurance
organisations, as well as for enterprise organisations in other industries.
The company offers a comprehensive portfolio of solutions for insurance
applications including Reinsurance, P&C, L&P/L&A, and more, and its
technology is recognized globally for the ability to cost-effectively align
IT infrastructures with operational demand for speed, flexibility and
efficiency.
With subsidiaries in North America, the United Kingdom, EMEA, Japan and
Asia Pacific, Sapiens has strategic partnerships with market leaders such as
IBM, Microsoft and others. Our clients include AXA, ING, Liverpool Victoria,
Menora, Mivtachim, AVIVA, Allianz, Barclays, Aegon, Occidental Fire &
Casualty, OneBeacon, Principal Financial Group, Santam and Texas Farm Bureau
among others. For more information, please visit http://www.sapiens.com.
FOR ADDITIONAL INFORMATION:

Roni Giladi
Chief Financial Officer
Sapiens International
Tel: +972-8-938-2721
E-mail: IR.Sapiens@sapiens.com

Roni Al-Dor
Chief Executive Officer
Sapiens International
Tel: +972-8-938-2721
E-mail: IR.Sapiens@sapiens.com

SOURCE Sapiens International Corporation N.V

FOR ADDITIONAL INFORMATION: Roni Giladi, Chief Financial Officer, Sapiens
International, Tel: +972-8-938-2721, E-mail: IR.Sapiens@sapiens.com; Roni
Al-Dor, Chief Executive Officer, Sapiens International, Tel: +972-8-938-2721,
E-mail: IR.Sapiens@sapiens.com