Sapiens Congratulates Peggy Rubin on Being Recognized as one of the Top 10 Women in Insurance Leadership

ROCHELLE PARK, New Jersey, August 1, 2012 /PRNewswire/ --

Sapiens International Corporation, (NASDAQ and TASE: SPNS), a global provider of innovative insurance software solutions, congratulates client Peggy Rubin, EVP and COO of Columbian Financial Group (CFG), on being named one of the Top 10 Women in Insurance Leadership. In its seventh year and presented by Insurance Networking News, the Women in Insurance Leadership awards program recognizes the top 10 female insurance executives who have made outstanding contributions to their businesses.

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Nominated by Sapiens, CFG's Peggy Rubin was recognized for her leadership and performance as well as her overall organizational influence.  Rubin ranked among the top 10 of women nominated when rated on her job complexity, ability to innovate, management style, and her team's contribution to the corporate earnings, among other criteria.

Women in Insurance Leadership nominees were judge by a panel of 2011 Women in Insurance Leadership winners which included: Janice Abraham, President and CEO, United Educators Insurance; Judy Davis, EVP, Chief Legal Officer and Corporate Secretary, BlueCross BlueShield of S.C.; JoAnn Martin, Chair, President and CEO, Ameritas Holding; and Kathy Owen, SVP and CIO, Unum.

Commenting on Rubin's win, Ron Karam, President, Sapiens North America Insurance Division said, "Sapiens congratulates Peggy on this well deserved recognition and for her impressive accomplishments. We have had the pleasure of working closely with Peggy and her team when implementing ALIS, and have witnessed her outstanding leadership skills firsthand.  Our thanks to Insurance Networking News for presenting the awards which recognize the contributions of women in our industry and for giving Sapiens the opportunity to nominate Peggy."

In-depth profiles of all 10 WIL winners will be posted to the INN website and printed in INN's September/October 2012 edition and will be recognized at INN's 5th Annual Women in Insurance Leadership Forum, which will be held on Oct. 17-18, 2012, at the Chicago Marriott Schaumburg in Schaumburg, IL. The theme of the event is the advancement and professional growth of women in insurance.

About Columbian Financial Group

Columbian Mutual Life Insurance Company ("CML"), founded in 1882, is the lead company of the Columbian Financial Group ("CFG").  CFG focuses on the middle and senior life insurance market and is licensed in all 50 states, the District of Columbia and Puerto Rico.

About Sapiens International

Sapiens International Corporation (NASDAQ and TASE: SPNS) is a global provider of innovative software solutions for the insurance industry. We offer end-to-end solutions for the Life & Pension, Property & Casualty, and Reinsurance markets. We serve over 100 financial services customers, backed by a team of over 700 insurance experts, operating through fully-owned subsidiaries in North America, the United Kingdom, EMEA and Asia Pacific.

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, specific system configurations and software needs of individual customers and other risk factors detailed in the Company's SEC filings.

Contact:
Osnat Segev-Harel, CMO
Sapiens International
Tel: +972-8-938-2721
Email: [email protected]

SOURCE Sapiens International Corporation