Sapiens is a leading provider of software solutions to the insurance industry. Sapiens offers Sapiens INSIGHT™, a web-based insurance administration suite, which provides policy, billing, claims and reinsurance management and can be used modularly or as an integrated suite. It is built on a rules-based system that is installed worldwide in over 100 companies. The rules allow for rapid interactive development by business and technical personnel, empowering business users to make changes using English-like rules rather than application code. Sapiens INSIGHT™ is supported by experienced insurance domain experts who help provide solutions to business challenges. Established in 1986, Sapiens has been trading publicly on NASDAQ since 1992. Sapiens operates through its subsidiaries in North America, EMEA and Asia Pacific and has partnerships with market leaders such as IBM and EDS. Sapiens’ clients include AXA, Liverpool Victoria, Norwich Union, OneBeacon, Principal Financial Group, Prudential UK, Abbey National, ING, Texas Farm Bureau, and Occidental Fire & Casualty among others.