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Berkshire Hathaway GUARD Insurance Companies Achieve Decision Agility and Automation with Sapiens Decision

Sapiens Codeless Decision Automation Platform enables GUARD business users to deliver accurate quotes in real time, directly managing business logic with agility

Posted: October 25, 2021 at 8:13 a.m. EDT|Update: 16 minutes ago

RALEIGH, North Carolina, 25 October 2021 / PRNewswire / – Sapiens International Corporation (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced that Berkshire Hathaway GUARD Insurance Companies (GUARD ), a national property and casualty insurer, obtained significant advantages thanks to the business logic management tools of Sapiens Decision. GUARD began by moving risk selection and pricing guidelines into its business owner policy lines in order to achieve better real-time service, consistency, and control over change management.

“I am delighted to share that soon after going live, we are seeing clear benefits. The Sapiens decision speeds up the time to quote submission by enabling rapid decision making on the characteristics of the policy,” said Carl Witkowski, COO at GUARD Insurance Companies. “The Sapiens solution helps GUARD streamline the quotation process and increase agent satisfaction, with reduced IT dependencies and improved business agility and control. With our initial success and time to market, we are in the process of deploying Sapiens Decision in more business areas. and we look forward to continuing our partnership with Sapiens as we move forward in our transformation. “

“It has been a great pleasure to work with GUARD as they expand the implementation of Sapiens Decision as part of their mission to be the preferred company to which their agents turn,” said Jamie yoder, President and CEO of Sapiens North America. “With our code-free, cloud-delivered decision automation platform with easy integration and robust performance, our customers like GUARD are quickly gaining influence by separating their business logic from core systems, technical rule engines. or manual processes. Within weeks, clients automate mission – critical decision making like GUARD did with its BOP risk calculation, speeding up same-day rule change management, with dramatically reduced IT spend and increased business accuracy. . “

Sapiens Decision is transforming the way companies approach change by modernizing traditional business rule management. Sapiens Decision is used by leading companies in the banking, insurance, retail and public sectors to implement decision automation and drive digital transformation.

About Berkshire Hathaway GUARD Insurance Companies
Berkshire Hathaway GUARD Insurance Companies is a P&C insurance specialist who writes $ 2 billion nationwide bonus. GUARD offers a wide range of business and personal insurance products and services nationwide, each offering flexible policy terms and convenient payment options. To learn more about Berkshire Hathaway GUARD, visit https://www.guard.com

About Sapiens
Sapiens International Corporation (NASDAQ and TASE: SPNS) enables the financial sector, with an emphasis on insurance, to transform itself and become digital, innovative and agile. Drawing on over 35 years of industry expertise, Sapiens offers a comprehensive assurance platform, with pre-integrated, low-code solutions and a cloud-based approach that accelerates customers’ digital transformation. Serving more than 600 clients in 30 countries, Sapiens offers insurers in the property and casualty insurance, workers’ compensation and life insurance markets the most comprehensive set of solutions. to the most comprehensive, including reinsurance, finance and compliance, data and analytics, digital and decision management. For more information, visit www.sapiens.com or follow us on LinkedIn.

Forward-looking statements

Certain matters addressed in this press release which are incorporated herein 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 US Private Securities. Litigation Reform Act of 1995, which are based on our beliefs, assumptions and expectations, as well as the information currently available to us. These forward-looking statements can be identified by the use of the words “anticipate”, “believe”, “estimate”, “expect”, “may”, “do”, “plan” and similar expressions. Such statements reflect our current views regarding future events and are subject to pandemic risks and uncertainties. There are significant factors that could cause our actual results, activity levels, performance or achievements to differ materially from the results, activity levels, performance or achievements expressed or implied by forward-looking statements, including, but not limited to not limited to: degree of success in our plans to leverage our global footprint to grow our sales; the degree of success in integrating the companies we have acquired through the implementation of our M&A growth strategy; the long development cycles of our solutions, which may frustrate our ability to earn revenue and / or profit from our potential new solutions; our long and complex sales cycles, which do not always result in revenue generation; the degree of our success in retaining existing customers or effectively competing for greater market share; difficulties in successfully planning and managing changes in the size of our operations; the frequency of large, complex, long-term projects that we carry out that involve complex estimates of project costs and profit margins, which sometimes change along the way; the challenges and potential liability that increased privacy laws and regulations pose to our business; occasional disputes with customers, which may have a negative impact on our operating results and reputation; various intellectual property issues related to our business; potential unanticipated product vulnerabilities or cybersecurity breaches of our systems or those of our customers; 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, viruses and large-scale epidemics such as the recent novel coronavirus pandemic, which adversely affected our operating results, or fluctuations in the rates of change; and the risks associated with our primary location in Israel and our status as Cayman Islands business.

Although we believe that these forward-looking statements are based on reasonable assumptions, if one or more of the underlying assumptions prove to be incorrect, or if such risks or uncertainties materialize, our actual results may differ materially from those expressed or under- understood by forward-looking statements. Please read the risks discussed under “Risk Factors” in our most recent Annual Report on Form 20-F, in order to review the conditions which we believe could cause actual results to differ materially from those anticipated in forward-looking statements. You should not rely on 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 the events and circumstances reflected in the forward-looking statements will be achieved or will occur. Except as required by law, we do not undertake to publicly update forward-looking statements for any reason, to conform such statements to actual results or to changes in our expectations.

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SOURCE Sapiens International Corporation

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