Last updated on April 18, 2014 at 21:21 EDT

Sapiens Announces DECISION for Insurance

May 7, 2013

DECISION for Insurance enables a central repository of rules and logic for carrier decision making, compliance, governance, and efficiencies

LAS VEGAS, May 7, 2013 /PRNewswire/ –

At the ACORD LOMA Insurance Systems Forum [http://www.acordlomaforum.org/2013 ].
Sapiens International Corporation [http://www.sapiens.com ], (NASDAQ and TASE: SPNS), a
global provider of innovative software solutions for the financial services industry,
today announced the introduction and general availability of Sapiens DECISION for
Insurance. DECISION [http://www.sapiens.com/bdms.htm ] for Insurance is a business
decision management solution (BDMS) designed to enable L&P and P&C carriers to build,
maintain and leverage a centralized repository of reusable business rules and logic to
provide a single source for enhanced business decision making, easier compliance, better
governance, and improved efficiencies. Sapiens can be found at ACORD LOMA at booth 551.

http://photos.prnewswire.com/prnh/20120508/531104 )

By treating business logic as a corporate asset, separating the logic from the
process, and consolidating all of the rules into a central, audit trail supported
repository, DECISION for Insurance gives the carrier full control of decision execution
throughout the enterprise, and consistency across multiple systems.

Commenting on Sapiens DECISION for Insurance, Karen Furtado, Partner with leading
insurance strategic advisory firm Strategy Meets Action [https://strategymeetsaction.com ]
(SMA), said, “Managing the significant volume of business rules within the insurance
enterprise has been an increasing challenge for insurers. Sapiens DECISION for Insurance
creates a paradigm shift in the way insurers can manage disparate business rule content
therefore creating improved time to market responsiveness.”

Roni Al-Dor, President and CEO of Sapiens, commented, “We are seeing a growing
interest and momentum in the adoption of our DECISION offering in the financial services
industry. Given our focus on the insurance market, an insurance specific DECISION offering
seemed like the perfect fit. With the proliferation of rules engine systems over the past
decade, many carriers find themselves with a significant challenge when it comes to
managing their business rules and logic. DECISION for Insurance offers a single source of
business logic to best manage the rules and logic assets across the enterprise.”

Tomer Srulevich, Executive Vice President, Sales and Operations – DECISION, added, “We
are excited to introduce DECISION for Insurance to provide a simple and elegant way to
fulfill a carrier’s need for rules clarity and fast reusability of existing logic, and
their desire for a technology independent solution as a point-of-truth for the invaluable
company asset found in the business logic. ”

About Sapiens

Sapiens International Corporation (NASDAQ and TASE: SPNS) is a global provider of
innovative software solutions for the financial services industry with a focus on
insurance. We offer core, end-to-end solutions for the general insurance, property &
casualty, life, pension and annuities markets, and business decision management software,
globally. We have a track record of over 30 years in delivering superior software
solutions to more than 100 financial services organizations. Our team operates through our
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.

        James Carbonara, Regional Vice President
        Hayden IR
        Office: +1(646)-755-7412
        e-Mail: James@haydenir.com

        Moshe Shamir, VP Marketing
        Sapiens International
        Tel: +972-3-6250951
        e-Mail: moshe.shamir@sapiens.com



SOURCE Sapiens International Corporation

Source: PR Newswire