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STATEMENT: Celent names the solution Sapiens P

(Information sent by the signatory company).

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STATEMENT: Celent names the solution Sapiens P

(Information sent by the signatory company)

P's claims management solution

UXBRIDGE, England, March 21, 2024 /PRNewswire/ -- Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced that the Sapiens ClaimsMaster module IDITSuite for Property

Sapiens is the only provider among more than 20 claims solutions in EMEA and APAC to be selected for both the Luminary Award and all four XCelent Awards. Sapiens was honored for its exceptional core claims system, as well as its continued investments in advanced digital, cloud-based capabilities and greater automation. Additionally, Sapiens Tia Enterprise P

"To evaluate suppliers for the report, Celent conducts extensive RFI and market analysis, reviews supplier demonstrations within multiple scenarios, and looks for evidence of continued investment in innovation," said Fabio Sarrico, Celent analyst. "Sapiens demonstrated the functionality of its core claims solution and its commitment to delivering innovative solutions for insurers."

The report describes Sapiens IDITSuite's ClaimsMaster as "comprehensive, flexible and highly automated." Sapiens continues to invest in elements of its roadmap that include advanced capabilities. The solution has been implemented in multiple countries, which demonstrates its adaptability to the different requirements of each market. As the claims module can also be standalone, it offers a compelling option for medium and large insurers looking for a basic and robust insurance suite or P claims module.

"We are very proud that Sapiens has maintained its leadership position in 10 consecutive Celent reports. Celent takes as rigorous an approach to evaluating providers as if they were insurers themselves. Sapiens demonstrated the exceptional functionality of our technology platform," he said Roni Al-Dor, President and CEO of Sapiens. "Celent's recognition reinforces our position as a leading claims solution and underlines our strong regional presence across multiple lines of business for local and multinational insurers."

Sapiens IDITSuite for Property

To download the Celent Claims Systems Vendors EMEA P report

About Sapiens

Sapiens International Corporation (NASDAQ: SPNS) (TASE: SPNS) enables the financial sector, with a focus on insurance, to transform and become digital, innovative and agile. With more than 40 years of industry experience, Sapiens' cloud-based SaaS insurance platform delivers pre-integrated, low-code capabilities across core, data and digital solutions to accelerate our clients' digital transformation. Serving more than 600 clients in more than 30 countries, Sapiens offers P insurers

Press ContactInvestor and Media Contact Yaffa Cohen-IfrahDirector of Marketing and Investor Relations at SapiensEmail yaffa.cohen-ifrah@sapiens.com

Forward-Looking StatementsCertain of the 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, which are based on our beliefs, assumptions and expectations, as well as the information currently available to us. Such forward-looking statements can 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: the degree of success of our plans to leverage our global presence to increase our sales; the degree of success in integrating the companies we have acquired through the application of our growth strategy M

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