Sapiens Releases its Latest Underwriting Solution with Innovative Automation and AI for Life & Annuities Insurers

Sapiens Releases its Latest Underwriting Solution with Innovative Automation and

AI for Life & Annuities Insurers

Rochelle Park, NJ,February 11, 2025 -Sapiens International Corporation(NASDAQ and

TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced the release of Sapiens UnderwritingPro v14, the most advanced version of its award-winning, automated underwriting and new business case management system for life & annuities insurers.

The release delivers significant functional and technical enhancements, accelerating greater operational efficiency, seamless communication, and advanced AI-driven capabilities. Sapiens UnderwritingPro v14 utilizes the latest advancements in digital technology and is designed to address the evolving needs of insurers in collaboration with user feedback.

The release includes groundbreaking features such as AI integration, including enhanced underwriting decisions with predictive analytics and intelligent insights to enable speed and precision. An innovative agent communication portal revolutionizes the agent-underwriter experience with streamlined interactions empowering agents to provide faster, more informed client service while enabling underwriters to manage workloads effectively.

Building upon Sapiens' robust capabilities for automating underwriting decisions through user-configurable rules and the industry-leading underwriter workbench, the new release also enhances features for easier control and management of underwriting rules. This includes work item configuration to simplify and customize workflow management and streamlined deployment practices to enable efficient migration of rules across environments.

"Our new version of UnderwritingPro reflects Sapiens' strategic commitment to innovation and continuous development driven by industry trends, and input from our user community," said Roni Al-Dor, Sapiens President and CEO. "This latest release takes automated underwriting to the next level by integrating AI and provides tools that empower insurers to deliver faster, smarter, and more accurate underwriting decisions."

Sapiens UnderwritingProis a highly configurable, automated underwriting and new business case management system. It enables life, health, and annuities insurers to automate decisions, streamline underwriting processes, reduce turnaround times, and improve operational accuracy while providing an exceptional user experience.

About Sapiens

Sapiens International Corporation (NASDAQ and TASE: SPNS) is a global leader in intelligent insurance software solutions. With Sapiens' robust platform, customer-driven partnerships, and rich ecosystem, insurers are empowered to future-proof their organizations with operational excellence in a rapidly changing marketplace. We help insurers harness the power of AI and advanced automation to support core solutions for property and casualty, workers' compensation, and life insurance, including reinsurance, financial & compliance, data & analytics, digital, and decision management. Sapiens boasts a longtime global presence, serving over 600 customers in more than 30 countries with its innovative SaaS offerings. Recognized by industry experts and selected for the Microsoft Top 100 Partner

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program, Sapiens is committed to partnering with our customers for their entire transformation journey and is continuously innovating to ensure their success. For more information visit https://sapiens.com or follow us on LinkedIn

Investor and Media Contact

Yaffa Cohen-Ifrah

Sapiens Chief Marketing Officer and Head of Investor Relations

Mobile: +1 917 533 4782

Email:[email protected]

Forward Looking Statements

Certain matters discussed in this press release that are incorporated herein and therein 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 "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 certain 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; the degree of our success in integrating the companies that we have acquired through the implementation of our M&A growth strategy; the lengthy development cycles for our solutions, which may frustrate our ability to realize revenues and/or profits from our potential new solutions; our lengthy and complex sales cycles, which do not always result in the realization of revenues; the degree of our success in retaining our existing customers or competing effectively for greater market share; the global macroeconomic environment, including headwinds caused by inflation, relatively high interest rates, potentially unfavorable currency exchange rate movements, and uncertain economic conditions, and their impact on our revenues, profitability and cash flows; difficulties in successfully planning and managing changes in the size of our operations; 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; the challenges and potential liability that heightened privacy laws and regulations pose to our business; occasional disputes with clients, which may adversely impact our results of operations and our reputation; various intellectual property issues related to our business; potential unanticipated product vulnerabilities or cybersecurity breaches of our or our customers' systems; risks related to the insurance industry in which our clients operate; risks associated with our global sales and operations, such as changes in regulatory requirements, wide-spread viruses and epidemics like the coronavirus epidemic, and fluctuations in currency exchange rates; and risks related to our principal location in Israel and our status as a Cayman Islands company.

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 "Risk Factors" in our Annual Report on Form 20-F for the year ended December 31, 2023, to be filed in the near future, 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.

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