AXA Insurance Uses Sapiens to Assist With Delivery of Motor Insurance On the Web

    RESEARCH TRIANGLE PARK, N.C.--April 9, 2001--Sapiens International Corporation N.V. today announced that the company's eMerge(tm) technologies and methodologies are playing a major role in the development of AXA Insurance's Motor Quotation (and sales) system.
    This new system substantially speeds up the motor insurance process, enabling potential customers to obtain and accept insurance quotations on-line. It then registers the policy and automatically issues the policy documents. Sapiens' eMerge technologies and methodologies provide the key integration layers to the system's component elements.
    "The introduction of web-based motor insurance was a major project for AXA," says Dave Sutcliffe, e-Business Technology Manager, AXA Insurance (UK). "We had worked very successfully with Sapiens in the past and it was the company's ability to deliver a solution rapidly to integrate the web-based motor quotation with our mainframe policy administration application that won Sapiens this contract. Now, with no changes to the legacy application, Sapiens has pulled together all the different components of our solution to give us a new speedy route to the web for our products."
    Yair Spitzer, Vice President, Sapiens (UK) Ltd, says: "This is a classic example of the way our eMerge solution can help our customers fully exploit their existing IT assets in their move into e-Commerce. Sapiens' particular expertise is in resolving integration issues which are currently a major barrier to e-Commerce across the insurance industry and we were delighted to be able to assist AXA on such an important project."

About Sapiens
    Sapiens International is a leading provider of large-scale, customized, business-critical software solutions which are developed and delivered in rapid time-to-market. Through its e-Business Integration, Migration, Outsourcing and IT Services business lines, the Company enables its customers to capitalize on their IT assets in the transition to e-business. Sapiens' strategic solutions integrate its proven rapid application development (RAD) methodology, efficient rule-based object technology, and extensive consulting expertise. Applying proven technologies, including its flagship eMerge(tm) offering, Sapiens ensures a rapid return-on-investment and responsiveness to change. In addition, the Company provides its customers in the insurance/finance and supply chain markets with field-tested, reusable, business components, to expedite deployment of certain applications, as well as dedicated practice groups, which provide business domain expertise.
    Sapiens serves its growing customer base directly and through partnerships with such industry leaders as Cap Gemini, CSC, IBM and KPMG. The Company's installed base of customers includes 3M, Air France, Argos, Groupe Andre, Honda, IBM, International Paper, Principal Financial, Prudential and Siemens Energy and Automation and other multinational corporations.
    You are invited to visit us on the World Wide Web at http://www.sapiens.com.

    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 and other risk factors detailed in the Company's SEC filings.