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
November 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: November 28,
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
Sapiens Wins Two Celent XCelent Awards and Recognized
as “Luminary” for IllustrationPro for Life & Annuities
Rochelle Park, N.J., Nov. 28, 2023—Sapiens
International Corporation, (NASDAQ and TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced
today that Sapiens IllustrationPro for Life & Annuities has won two of Celent’s 2023 XCelent awards, in the Breadth of Functionality
and Customer Base and Support categories in the North America region. Sapiens has also been recognized as a “Luminary” solution.
Research and consulting firm Celent analyzed 13 illustration systems
for North America life and annuities insurance, using the Celent ABC Vendor View, a resource for identifying premier technology solutions
serving the insurance and financial services industries. The vendor view shows the relative positions of each vendor in three categories:
Advanced Technology, Breadth of Functionality (for which IllustrationPro was given the XCelent award) and Customer Base and Support (for
which IllustrationPro was also given the XCelent award).
Due to IllustrationPro’s position as a leader in the field in
Celent’s third category, the product was also named a “Luminary” solution in Celent’s Technical Capabilities Matrix,
for Advanced Technology and Breadth of Functionality.
“Celent’s recognition reaffirms our ongoing dedication
to delivering comprehensive, next-generation solutions to our valued customers and the insurance industry,” said Jamie Yoder, Sapiens
North America President & General Manager. “As an industry leader, Sapiens is proud to accelerate our clients’ digital transformation
and advanced market offerings to support their long-term growth.”
According to the Celent report, “Sapiens’ illustration
system is a top-tier system. The interface is clean and easy to use, even for the novice user. Multiple illustrations can be generated
concurrently for the same client or for different clients, including online comparisons.”
The report added, “Output and reporting is flexible and attractive,
resulting in a ready-to-use proposal. Information from the eApp is integrated. Quick illustrations are supported as are full-needs analyses.
Overall, a strong system for consideration.”
Sapiens IllustrationPro is a dynamic point-of-sale solution for Life
& Annuities that quickly and accurately generates quotes and compliant illustrations through an intuitive and modern engagement. This
responsive solution seamlessly operates across various devices and expedites the sales process improving the overall customer and agent
experience.
To download the report, click here.
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.
sapiens.com
Media and Investor’s Contact
Yaffa Cohen-Ifrah
Chief Marketing Officer &
Head of Investor Relations, Sapiens
yaffa.cohen-ifrah@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, 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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