0001213900-19-025360.txt : 20191205 0001213900-19-025360.hdr.sgml : 20191205 20191205092159 ACCESSION NUMBER: 0001213900-19-025360 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 4 CONFORMED PERIOD OF REPORT: 20191205 FILED AS OF DATE: 20191205 DATE AS OF CHANGE: 20191205 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: 191269574 BUSINESS ADDRESS: STREET 1: KAYA RICHARD J BEAUJON STREET 2: WILLEMSTAD CURACAO NETHERLANDS CITY: CURACAO NETHERLANDS STATE: P8 ZIP: 4758 BUSINESS PHONE: 97289382777 MAIL ADDRESS: STREET 1: AZRIELI CENTER STREET 2: 26 HARUKMIM ST. CITY: HOLON STATE: L3 ZIP: 5885800 6-K 1 f6k120519_sapiensinter.htm REPORT OF FOREIGN PRIVATE ISSUER

 

 

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 December 2019

 

Commission File Number 000-20181

 

SAPIENS INTERNATIONAL CORPORATION N.V.

(Translation of Registrant’s 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 ☐

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐

 

 

 

 

 

 

CONTENTS

 

Exhibit No.   Title of Exhibit
99.1  

Patriot Life Insurance Company Upgrades its Life & Annuities Underwriting Capabilities

 

1

 

 

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.

 

 

Sapiens International Corporation N.V.

(Registrant)

     
Date: December 05, 2019 By: /s/ Roni Giladi
    Roni Giladi
    Chief Financial Officer

 

 

2

 

 EX-99.1 2 f6k120519ex99-1_sapiensinter.htm PATRIOT LIFE INSURANCE COMPANY UPGRADES ITS LIFE & ANNUITIES UNDERWRITING CAPABILITIES

Exhibit 99.1

 

 

 

Patriot Life Insurance Company Upgrades its Life & Annuities Underwriting Capabilities

 

Milliman IntelliScript’s Irix® – Risk Score integrates with the latest version of Sapiens UnderwritingPro for Life & Annuities, which is now generally available

 

Holon, Israel – December 5, 2019 – Sapiens International Corporation, (NASDAQ and TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that Patriot Life Insurance Company (Patriot Life Insurance), a North American life insurance provider with an extensive network of independent agents, upgraded to Sapiens UnderwritingPro for Life & Annuities version 10.

 

UnderwritingPro has been a powerful vehicle to accelerate Patriot Life Insurance’s growth. Version 10 enables Patriot Life Insurance to utilize Milliman IntelliScript’s Irix® – Risk Score. Sapiens closely partnered with Milliman IntelliScript for a seamless third-party vendor integration. Irix – Risk Score is a prescription-based predictive model that simplifies the decision-making process by quantifying the relative mortality risk of life insurance applicants. It accelerates the underwriting process, enabling insurers to make a quicker policy decision. Risk Score delivers a better customer experience and a more cost-effective underwriting process for the insurer.

 

This upgrade combines underwriting excellence with an enhanced user experience, including easier and faster access to information via intuitive graphical user interfaces. Patriot Life Insurance will benefit from straight-through-processing capabilities and the move to advanced HTML5 web technologies (from Adobe Flash).

 

“Sapiens is pleased to see Patriot Life Insurance in production with Sapiens UnderwritingPro version 10,” said David Pidgeon, head of Sapiens Life & Annuity business unit for North America. “The shift to advanced HTML5 web technologies greatly improved Sapiens UnderwritingPro for Life & Annuities’ user interface and experience, and ensures a long-term strategic operational platform. We now have a proven version of UnderwritingPro that is available to all clients.”

 

This project was completed within seven months, including the third-party vendor integration.

 

“Patriot Life Insurance views Sapiens as a long-term and strategic partner,” said Martin Dinehart, executive vice president and chief operation officer, Patriot Life Insurance. “They intimately understand the North American life market and offer innovative underwriting technology. This latest version of UnderwritingPro offers tremendous ease of use and I was impressed with the level of teamwork exhibited by Patriot Life Insurance and Sapiens personnel. The integration with IntelliScript’s Irix® – Risk Score is seamless and the UnderwritingPro rules engine works well with the new data. The project proceeded smoothly and we successfully met an ambitious timeline.”

 

Patriot Life Insurance is in the planning stages of expanding its use of Sapiens UnderwritingPro rules to provide real-time decisions for select products and customers.

 

Sapiens UnderwritingPro for Life & Annuities (formerly called StoneRiver LifeSuite) is a web-based solution for automated underwriting and new business case management that is part of Sapiens CoreSuite for Life & Annuities (formerly called Sapiens ALIS). It speeds new business processes for insurance carriers and their channels, offering an intuitive user interface with critical updates and task assignments provided on a real-time dashboard. Sapiens UnderwritingPro enables underwriters and case managers to work on multiple cases simultaneously.

 

About Patriot Insurance

Patriot Life Insurance Company is a life insurance subsidiary of Frankenmuth Insurance located in Michigan. It operates in many states in the Midwest, Southeast, and Northeast regions of the United States where Patriot Life is licensed.

 

The life insurance products marketed by Patriot Life Insurance Company are sold through a network of over 1,500 independent insurance agents. Our network of agents is dedicated to serving policyholders with the most appropriate coverage for their individual needs. To learn more (including states where life insurance policies are available), visit us at www.fmins.com/life.

 

About Sapiens

Sapiens International Corporation empowers insurers to succeed in an evolving industry. The company offers digital software platforms, solutions and services for the property and casualty, life, pension and annuity, reinsurance, financial and compliance, workers’ compensation and financial markets. With more than 35 years of experience delivering to over 450 organizations globally, Sapiens has a proven ability to satisfy customers’ core, data and digital requirements. For more information: www.sapiens.com.

 

Investor and Media Contact

Yaffa Cohen-Ifrah

Chief Marketing Officer and Head of Corporate Communications

Sapiens International

Mobile: +1-201-250-9414

Phone: +972-3-790-2026

Email: Yaffa.cohen-ifrah@sapiens.com

 

 

 

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