SECURITIES AND EXCHANGE COMMISSION
                              Washington D.C. 20549



                                    FORM 6-K



                            REPORT OF FOREIGN ISSUER
                      PURSUANT TO RULE 13A-16 OR 15D-16 OF
                       THE SECURITIES EXCHANGE ACT OF 1934



                           FOR THE MONTH OF JULY 2002



                     SAPIENS INTERNATIONAL CORPORATION N.V.
                 (translation of registrant's name into English)


                              C/O LANDHUIS JOONCHI
                           KAYA RICHARD J. BEAUJON Z/N
                                  P.O. BOX 837
                                   WILLEMSTAD
                          CURACAO, NETHERLANDS ANTILLES
                                (599) (9) 7366277
                    (address of principal executive offices)



         [Indicate by check mark whether the registrant files or will file
annual reports under cover Form 20-F or Form 40-F]

                            Form 20-F  X  Form 40-F
                                      ---           ---

         [Indicate by check mark whether the registrant by furnishing the
information contained in this Form is also thereby furnishing the information to
the Commission pursuant to Rule 12g3-2 (b) under the Securities Exchange Act of
1934]

                                  Yes      No  X
                                      ---     ---






[Logo Omitted]                                             FOR IMMEDIATE RELEASE




           SAPIENS SIGNS MULTI-MILLION DOLLAR AGREEMENT WITH ONEBEACON
           INSURANCE TO IMPLEMENT NEW POLICY ADMINISTRATION SOLUTION

   NEW SOLUTION WILL ENHANCE COMPANY'S MARKET RESPONSIVENESS AND COST EFFICIENCY

RESEARCH TRIANGLE PARK, N.C., JULY 1, 2002 - Sapiens International Corporation
N.V. (NASDAQ: SPNS), a global IT solutions provider, announced a multi million
dollar agreement with OneBeacon Insurance to implement a web-enabled, policy
administration system for all lines of business across multiple states.

The solution, which is the largest ever Sapiens eMerge contract, is intended to
provide easier access to information by using web-based, personalized portals
for independent agents and greatly improve internal efficiencies by
consolidating and integrating disparate IT systems. The resulting open
architecture solution will allow OneBeacon to expand its market presence,
enhance customer service and reduce costs by streamlining business processes. In
addition, OneBeacon will have increased functionality and will be able to
respond more quickly to rate and product opportunities.

The foundation for the solution is an existing policy administration framework,
originally built by Sapiens for OneBeacon's commercial lines of
property/casualty insurance business. This application supported production of
OneBeacon's Commercial Auto business including the configuration of one new
state per week. OneBeacon is again partnering with Sapiens to extend
functionality to support additional lines of business and interface with
internal and third party systems. The solution will also utilize IBM's WebSphere
and Sapiens eMerge rules-based technology.

"Sapiens' past support of our IT needs gives us great confidence to move our
legacy systems into a new open architecture to better serve independent agents
and policyholders," said Mike Natan, CIO of OneBeacon. "The policy
administration solution will quickly provide us with real business advantages in
an increasingly demanding and cost-conscious marketplace."

"The enhanced architecture will provide OneBeacon with a significant competitive
advantage by accelerating the policy lifecycle process," said Larry Goldberg,
Senior Vice President, Sapiens Americas. "Insurance organizations need cost
effective solutions that provide increased visibility to empower agents and
inform the insured."

Itzick Sharir, Sapiens President and CEO, added: "We are taking this Policy
Administration solution to market based on the business opportunities in North
America and Europe. I am confident that the solution addresses the core issues
that many Insurance organizations face today."






ABOUT SAPIENS

Sapiens International Corporation (NASDAQ: SPNS) is a leading global provider of
proven IT solutions that modernize business processes and enable insurance
organizations and other leading companies to adapt quickly to change. Sapiens'
modular solutions are widely recognized for their ability to cost-effectively
align IT with the business demands for speed, flexibility and efficiency. The
Company has partnerships with market leaders such as IBM and EDS and its clients
include AXA, Liverpool Victoria, Norwich Union, OneBeacon, Principal Financial,
Prudential, New Jersey Manufacturers, Abbey National, Honda, International
Paper, Panasonic UK among others. For more information, please visit
www.sapiens.com.


ABOUT ONEBEACON INSURANCE GROUP

OneBeacon Insurance Group is committed to being the leading independent agency
property/casualty insurance group in the Northeast. With roots dating back 170
years and an A.M. Best rating of A (excellent), OneBeacon offers a wide range of
personal, commercial and specialty products and services, which are sold
exclusively through select property/casualty independent agents. Specialty
operations are conducted on a national basis. OneBeacon is a wholly owned
subsidiary of White Mountains Insurance Group, Ltd., (NYSE: WTM) of Hamilton,
Bermuda, whose principal executive offices are in White River Junction, Vermont.

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FOR ADDITIONAL INFORMATION
- --------------------------------------------------------------------------------

Rebecca Green
Padilla Speer Beardsley
Tel: +1-212-752-8338
e-Mail: rgreen@psbpr.com
- --------------------------------------------------------------------------------

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Except for historical information contained herein, the matters set forth in
this release are forward-looking statements that are dependent on certain risks
and uncertainties, including such factors, among others, as market acceptance,
market demand, pricing, changing regulatory environment, changing economic
conditions, risks in new product and service development, the effect of the
company's accounting policies and other risk factors detailed in the Company's
SEC filings.

                                      # # #








                                   SIGNATURES

     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.

                                          SAPIENS INTERNATIONAL CORPORATION N.V.
                                                       (Registrant)




Date: August 1st, 2002                    By:
                                             -----------------------------------
                                             Steve Kronengold
                                             General Counsel