<SEC-DOCUMENT>0001213900-23-067985.txt : 20230816
<SEC-HEADER>0001213900-23-067985.hdr.sgml : 20230816
<ACCEPTANCE-DATETIME>20230816073051
ACCESSION NUMBER:		0001213900-23-067985
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20230816
FILED AS OF DATE:		20230816
DATE AS OF CHANGE:		20230816

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SAPIENS INTERNATIONAL CORP N V
		CENTRAL INDEX KEY:			0000885740
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-PREPACKAGED SOFTWARE [7372]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			P8
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-20181
		FILM NUMBER:		231176490

	BUSINESS ADDRESS:	
		STREET 1:		AZRIELI CENTER
		STREET 2:		26 HAROKMIM ST.
		CITY:			HOLON
		STATE:			L3
		ZIP:			5885800
		BUSINESS PHONE:		97289382777

	MAIL ADDRESS:	
		STREET 1:		AZRIELI CENTER
		STREET 2:		26 HAROKMIM ST.
		CITY:			HOLON
		STATE:			L3
		ZIP:			5885800
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>ea183719-6k_sapiensinter.htm
<DESCRIPTION>REPORT OF FOREIGN PRIVATE ISSUER
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>UNITED STATES</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>SECURITIES AND EXCHANGE
COMMISSION</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>Washington, D.C. 20549</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>&nbsp;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>FORM 6-K</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>&nbsp;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>REPORT OF FOREIGN PRIVATE ISSUER</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>PURSUANT TO RULE 13a-16 OR 15d-16 OF</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>THE SECURITIES EXCHANGE ACT OF 1934</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>&nbsp;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">For the month of August   2023</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Commission File Number 000-20181</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>SAPIENS INTERNATIONAL CORPORATION N.V.</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Translation of Registrants name into English)</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Azrieli Center</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>26 Harokmim St. </b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Holon, 5885800 Israel </b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Address of Principal Executive Office)</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><font style="font-family: Times New Roman, Times, Serif">Indicate
by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif">&nbsp;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif">Form
20-F &#9746; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Form 40-F &#9744;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><b>CONTENTS</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; word-spacing: 0px; text-align: center">&nbsp;</p>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr>
    <TD STYLE="text-align: center; vertical-align: bottom; width: 9%; border-bottom: black 1.5pt solid"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Exhibit&nbsp;No.</b></font></td>
    <TD STYLE="vertical-align: top; width: 1%">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; width: 90%; border-bottom: black 1.5pt solid"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Title of Exhibit</b></font></td></tr>
  <tr style="vertical-align: top; background-color: #CCEEFF">
    <TD STYLE="text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">99.1</font></td>
    <TD>&nbsp;</td>
    <TD><A HREF="ea183719ex99-1_sapiensinter.htm"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Press Release</font></A></td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 35.45pt"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 35.45pt">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>SIGNATURE</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</p>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: left; text-indent: 0.5in">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.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%">
  <tr>
    <td style="vertical-align: top">&nbsp;</td>
    <td colspan="3"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Sapiens International Corporation N.V.</b></font></td></tr>
  <tr>
    <td style="vertical-align: top">&nbsp;</td>
    <td colspan="3">&nbsp;</td></tr>
  <tr>
    <td style="vertical-align: top"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Date: August 16,
    2023</font></td>
    <td><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">By: </font></td>
    <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: top"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Roni Giladi </font></td></tr>
  <tr>
    <td style="vertical-align: top; width: 60%">&nbsp;</td>
    <td style="width: 4%">&nbsp;</td>
    <td style="vertical-align: top; width: 5%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:&nbsp; </font></td>
    <td style="vertical-align: top; width: 31%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Roni Giladi </font></td></tr>
  <tr>
    <td style="vertical-align: top">&nbsp;</td>
    <td>&nbsp;</td>
    <td style="vertical-align: top"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title:</font></td>
    <td style="vertical-align: top"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chief Financial Officer</font></td></tr>
  </table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b><u>Exhibit Index</u></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</p>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: left; text-indent: 0.5in">The following exhibit is
furnished as part of this Form&nbsp;6-K:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
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    <td style="width: 9%; border-bottom: black 1.5pt solid; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Exhibit</b></font></td>
    <td style="width: 1%; text-align: center">&nbsp;</td>
    <td style="width: 90%; border-bottom: black 1.5pt solid"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Description</b></font></td></tr>
  <tr style="background-color: #CCEEFF">
    <td style="vertical-align: top; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">99.1</font></td>
    <td style="vertical-align: bottom">&nbsp;</td>
    <td style="vertical-align: top"><A HREF="ea183719ex99-1_sapiensinter.htm"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Press Release</font></A></td></tr>
  </table>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</p>

<p style="text-align: center; margin-top: 0; margin-bottom: 0">&nbsp;</p>

<p style="text-align: center; margin-top: 0; margin-bottom: 0">3</p>

<p style="margin-top: 0; margin-bottom: 0"></p>

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<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ea183719ex99-1_sapiensinter.htm
<DESCRIPTION>PRESS RELEASE
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 99.1</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><IMG SRC="ex99-1_001.jpg" ALT=""></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Aktia Life Selects Sapiens to Transform its
Core Life Insurance Systems</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><I>Sapiens CoreSuite for Life and Pensions coupled
with Sapiens Intelligence, hosted by Sapiens Cloud Services<BR>
 will support Aktia&rsquo;s ambitions to expand their Life business</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>&nbsp;</I></B></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Holon, Israel, August 16, 2023</B>&nbsp;&mdash;Sapiens International
Corporation, <B>(NASDAQ and TASE: SPNS)</B>, a leading global provider of software solutions for the insurance industry, announced today
that Aktia Life, one of Finland&rsquo;s top life insurers with approximately 100,000 customers, has chosen Sapiens as their partner to
lead their core system transformation via Sapiens&nbsp;CoreSuite&nbsp;for Life and Pensions.</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Sapiens was selected for its proven experience in complex insurance
ecosystem integrations, providing an end-to-end, cloud-first, digitally enhanced platform for individual and group products, across Life,
Wealth and Pension insurances. Aktia has seen recent rapid changes in customer behaviour with digitalization being a critical step towards
enhancing efficiency and simultaneously upgrading towards seamless customer service, along with new product offerings.</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;Working with Sapiens has already been very rewarding for our
company and we are looking forward for the next phase,&rdquo; said Riikka Luukko, Aktia Life CEO. &ldquo;The partnership with Sapiens
supports our strategic growth and renewal goals, including our goal to offer excellent customer and employee experience. With this we
are able to optimize both customer and business value and ensure our business continuity.&rdquo;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Sapiens&nbsp;CoreSuite&nbsp;for Life and Pensions will empower Aktia
Life with a wide range of fully embedded data management and analytics capabilities. The Aktia implementation is underpinned by the market-leading
Sapiens Intelligence data and analytics module that pools the insurer&rsquo;s data to provide actionable insights, improving underwriting
risk selection and reducing claims expense ratios. Sapiens Cloud Services empowers companies to focus on core business objectives, eliminating
IT bottlenecks, with support and maintenance services providing proactive management.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Aktia implementation makes use of the Sapiens One-Hand-to-Shake
model, whereby Sapiens provides, implementation, support and maintenance services, as well as Cloud hosting and services via its SaaS
model.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;We are proud to partner with Aktia Life to help them achieve
their digitalization goals,&rdquo; said Roni Al-Dor, Sapiens President &amp; CEO. &ldquo;Aktia Life informed us that its new life business
model target is to implement a modern PAS platform to reduce technology debt in order to be fully compliant with statutory requirements
and legislations.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><IMG SRC="ex99-1_002.jpg" ALT="" STYLE="width: 188px; height: 19px"></P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">www.sapiens.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><IMG SRC="ex99-1_001.jpg" ALT=""></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Sapiens CoreSuite empowers insurers to quickly and easily tailor and
launch new life insurance products through a variety of low-code/no-code configuration tools as well as support their existing product
portfolios. It streamlines premium payment processes and client management features, in addition to further enhancements for Policy Service
transactions driven from the at-a-glance Policy Dashboard.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>About Aktia Life Insurance Ltd</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0">As part of the Aktia Group, Aktia Life Insurance Ltd is a company responsible
for the production of customer friendly life insurance solutions. Aktia Life Insurance Ltd has a long and extensive experience of life
insurance activities in Finland. The company has approximately 100,000 private and corporate customers and several partners in the finance
sector. They currently employ about 70 people.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>About the Aktia Group</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Aktia is a Finnish asset manager, bank and life insurer that has been
creating wealth and wellbeing from one generation to the next for 200 years. They serve customers in digital channels everywhere and face-to-face
in their offices in the Helsinki, Turku, Tampere, Vaasa and Oulu regions. Aktia&rsquo;s award-winning asset management business sells
investment funds internationally. They employ approximately 900 people around Finland. Aktia&rsquo;s assets under management (AuM) in 2022 was
EUR 13.5 billion, and the balance sheet total was EUR 12.4 billion. Aktia&rsquo;s shares are listed on Nasdaq Helsinki Ltd (AKTIA). For more
information visit&nbsp;aktia.com.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>About Sapiens</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">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&rsquo; cloud-based SaaS insurance platform offers pre-integrated, low-code capabilities across core, data and digital
domains to accelerate our customers&rsquo; digital transformation. Serving over 600 customers in more than 30 countries, Sapiens offers
insurers across property and casualty, workers&rsquo; compensation, and life insurance markets the most comprehensive set of solutions,
from core to complementary, including Reinsurance, Financial &amp; Compliance, Data &amp; Analytics, Digital, and Decision Management.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">For more information visit&nbsp;https://sapiens.com&nbsp;or follow
us on&nbsp;LinkedIn.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><B>Media and Investor&rsquo;s Contact</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">Yaffa Cohen-Ifrah<BR> Chief Marketing Officer &amp;<BR> Head of Investor Relations, Sapiens<BR> yaffa.cohen-ifrah@sapiens.com</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><B><IMG SRC="ex99-1_002.jpg" ALT="" STYLE="width: 188px; height: 19px"></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">www.sapiens.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B></B></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><B><IMG SRC="ex99-1_001.jpg" ALT=""></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Forward-Looking Statements</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">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 &ldquo;anticipate,&rdquo; &ldquo;believe,&rdquo; &ldquo;estimate,&rdquo; &ldquo;expect,&rdquo; &ldquo;may,&rdquo; &ldquo;will,&rdquo;
&ldquo;plan&rdquo; 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&#894;
the degree of our success in integrating the companies that we have acquired through the implementation of our M&amp;A growth strategy&#894;
the lengthy development cycles for our solutions, which may frustrate our ability to realize revenues and/or profits from our potential
new solutions&#894; our lengthy and complex sales cycles, which do not always result in the realization of revenues&#894; the degree of
our success in retaining our existing customers or competing effectively for greater market share&#894; difficulties in successfully planning
and managing changes in the size of our operations&#894; 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&#894; the challenges and potential liability
that heightened privacy laws and regulations pose to our business&#894; occasional disputes with clients, which may adversely impact our
results of operations and our reputation&#894; various intellectual property issues related to our business&#894; potential unanticipated
product vulnerabilities or cybersecurity breaches of our or our customers&rsquo; systems&#894; risks related to the insurance industry
in which our clients operate&#894; 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&#894; and risks related to our principal location in Israel and our status as a Cayman Islands company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">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 &ldquo;Risk Factors&rdquo; in our most recent Annual Report on Form 20-F, 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.</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><IMG SRC="ex99-1_002.jpg" ALT="" STYLE="width: 188px; height: 19px"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">www.sapiens.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">3</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 0pt; margin-bottom: 0pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
