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
February 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.
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Sapiens International Corporation N.V. |
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Date: February 5,
2024 |
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:
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Exhibit 99.1
Sapiens and Binah.ai Partner to Empower Global
Life Insurers to Improve Risk Management with AI
The partnership will enable insurers to leverage
health and wellness monitoring technology for
streamlined underwriting and enhanced user experience
Holon, Israel, February 5, 2024 – Sapiens International
Corporation, (NASDAQ and TASE: SPNS), a leading global provider of software solutions for the insurance industry, and Binah.ai, the number
one health and wellness check software provider, today announced a partnership to empower more insurance companies worldwide to use client-provided
health data for improved risk management and value-added services at reduced costs. The partnership enables Binah.ai to leverage Sapiens’
strong global presence and provide Sapiens’ customers with seamless access to Binah.ai’s software-based health and wellness
check technology.
Access to health data shared by end-users through Sapiens’ platform,
enhanced with Binah.ai’s technology, provides a myriad of benefits for both clients and insurance companies:
| ● | Improved risk assessment and prevention measures |
| ● | Improved market understanding and competitiveness |
| ● | Streamlined underwriting and more efficient straight-through processing |
| ● | Increased engagement in wellness programs |
| ● | Enhanced user experience at reduced costs |
Binah.ai’s Health Data Platform is disrupting healthcare and
wellness monitoring by leveraging AI technologies to transform smartphones and tablets into powerful tools for both on-the-spot checks
and continuous health and wellness checkups. Users have the flexibility to conduct either a quick spot check by simply looking at the
device’s camera or opt for continuous monitoring by wearing the Polar Verity Sense™ optical heart rate sensor. This enables them
to measure and share a comprehensive array of vital signs, including blood pressure, heart rate, heart rate variability, oxygen saturation,
respiration rate, pulse-respiration quotient (PRQ), and mental stress-related biomarkers like sympathetic stress and parasympathetic activity.
Additionally, users can simultaneously obtain an overall wellness score.
“We are extremely excited to partner with Sapiens, a leading
player in the global insurtech sector. Sapiens’ strong presence will help boost our expansion in the insurance industry and provide
their customers with seamless access to our solution. I look forward to a great partnership, for the benefit of the entire industry and
its clients,” said David Maman, Co-Founder and CEO of Binah.ai.
With more than 40 years of industry expertise, as well as 600 customers
in more than 30 countries, Sapiens empowers insurers to transform and become digital, innovative, and agile. Sapiens’ cloud-based
SaaS insurance platform offers pre-integrated, low-code capabilities across core, data, and digital domains to accelerate
our customers’ digital transformation.
“Binah.ai’s groundbreaking health monitoring technology is a game-changer
in our insurance solutions, revolutionizing how insurers harness objective health data for robust wellness programs,” emphasized
Amanda Ingram, Sapiens Proposition & Ecosystem Manager. “Through seamless integration, we drive straight-through processing and
elevate premium rating by leveraging remote, real-time health monitoring. This transformative partnership not only optimizes the underwriting
processes but also empowers the insurer to assess risk more accurately and bolster preventive measures.”
www.sapiens.com
Sapiens and Binah.ai will hold a live webinar on February 22, 2024, where they will present their new joint solution and its use cases
for the insurance industry. To learn more about how this partnership is empowering insurers with innovative solutions, please 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
About Binah.ai
Binah.ai is a pioneering software solution for health and wellness
checks, revolutionizing personal wellbeing monitoring. Our software-based technology allows individuals to effortlessly monitor and share
real-time vital signs and biomarkers, using everyday camera-based electronic devices like smartphones or laptops anytime, anywhere. As
a B2B company, we empower organizations globally from sectors including insurance, healthcare, and wellness with unbiased health and wellness
data sourced directly from their users. Binah.ai simplifies access to user-provided health data, offering a fast, affordable, and user-friendly
experience. This allows organizations to deliver top-quality, personalized care and services, all while optimizing costs.
Media Contacts
Sapiens Investor and Media Contact
Yaffa Cohen-Ifrah
Chief Marketing Officer and Head of Investor Relations
Sapiens International
Mobile: +1-201-250-9414
Phone: +972-3-790-2026
Email: Yaffa.cohen-ifrah@sapiens.com
Binah.ai Media Contact: pr@binah.ai
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, 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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