Sep 19, 2023

Sapiens International N : AAFMAA Selects Sapiens to Modernize Customer Acquisition Processes September 19, 2023 at 07:07 am EDT Share AAFMAA Partners with Sapiens for an Enhanced and Timely Personalized Digital Experience Rochelle Park, N.J., Sept. 19, 2023-SapiensInternational Corporation, (NASDAQ and TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that theAmerican Armed Forces Mutual Aid Association(AAFMAA), anon-profitfinancial solutions provider for military families and Veterans, has selected Sapiens' Pro Series Customer Acquisition SaaS solution, consisting of Sapiens' ApplicationPro, IllustrationPro, UnderwritingPro, and Intelligence, as a part of its legacy modernization and automation initiative. AAFMAA needed a modern solution to serve its military constituents effectively and could integrate the value of its existing legacy system. Their selection of Sapiens' Pro Series Customer Acquisition Solution system was prompted by its outstanding functionality, responsiveness, and 24/7 platform access. AAFMAA is a new Sapiens customer whose implementation of the Sapiens Pro Series Customer Acquisition solution should be completed during second-quarter 2024. "Implementing Sapiens' Pro Series Customer Acquisition solution will help us maintain the best technology stack and support new customer acquisition, in addition to the increasing volume and complexity of future transactions," said Col. Jerry Quinn, AAFMAA's Chief Operating Officer. "The solution will also allow us to deliver timely, quality products and services in today's demanding digital environment, and enable us to best serve our members and their families," he added. "A streamlined and next-generation customer acquisition platform with robust cloud architecture will help strengthen AAFMAA's long-term financial performance," said Jamie Yoder, Sapiens North America President & General Manager. "Sapiens looks forward to providing AAFMAA with the tools to accelerate industry gains and pursue their growth targets." Created and designed by some of the industry's leading experts, Sapiens Customer Acquisition cloud solution merges Sapiens ApplicationPro, IllustrationPro,UnderwritingPro, and Intelligenceto create a completely automated digital point of sale decisioning solution for a quick and complete submission-to-commission experience for agents and their customers. Agent toolkit integrations ensure data accuracy, process flexibility, and availability for any life and annuity products to be decisioned immediately, using a variety of instant evidence sources. About Sapiens sector, with a focus on insurance, to transform and become digital, innovative, and agile. With more than 40 years of industry expertise, Sapiens' cloud-based SaaS insurance platform offers pre-integrated,low-code capabilities across core, data, and digital domains to accelerate our customers' digital transformation. Serving over 600 sapiens.com customers in more than 30 countries, Sapiens offers insurers across property and casualty, workers' compensation, and life insurance markets the most comprehensive set of solutions, from core to complementary, including Reinsurance, Financial & Compliance, Data & Analytics, Digital, and Decision Management. For more information visit https://sapiens.comor follow us on LinkedIn. About AAFMAA The American Armed Forces Mutual Aid Association(AAFMAA) is thelongest-standingnonprofit financial solutions provider that empowers the military community with affordable financial solutions - includingalways-affordablelife insurance, expert investment management, and customized residential mortgages. Follow the organization onTwitter,FacebookandLinkedIn. FischTank PR Forward-Looking Statements Certain matters discussed in this press release that 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 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. 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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. sapiens.com