Sapiens International Corporation announced today that Hiscox has successfully implemented the Sapiens Insurance Platform on the Sapiens Cloud. This strategic move demonstrates Hiscox’s dedication to improving operational performance and customer satisfaction. By migrating to Sapiens’ cloud-native architecture, Hiscox UK has experienced a 30% increase in application speed, resulting in enhanced productivity and service delivery. This transition has allowed Hiscox to integrate modern API technology and improve its services for commercial and private clients. This collaboration between Sapiens and Hiscox highlights the commitment to innovation and growth in the insurance industry. Factors Impacting Actual Results and Achievements

There are key factors that may cause our actual results, performance, and achievements to differ significantly from what is expressed or implied in our forward-looking statements. These factors include, but are not limited to:

1. Success in leveraging our global footprint for sales growth
2. Integration of acquired companies through our M&A strategy
3. Lengthy development cycles for solutions impacting revenue realization
4. Complex sales cycles affecting revenue generation
5. Customer retention and market share competition
6. Global macroeconomic environment challenges
7. Planning and managing operational changes effectively
8. Complex project costs and profit margin estimates
9. Privacy laws and regulations impacting business
10. Intellectual property issues
11. Product vulnerabilities and cybersecurity breaches
12. Risks associated with the insurance industry
13. Global sales and operations risks
14. Location-specific risks in Israel and as a Cayman Islands company

While we believe our forward-looking statements are based on reasonable assumptions, any incorrect underlying assumption or materialization of risks may lead to actual results differing from expectations. We advise reviewing the “Risk Factors” in our upcoming Annual Report on Form 20-F for deeper insights into potential outcomes. It is important not to solely rely on forward-looking statements as predictions of future events. While we maintain reasonable expectations in these statements, we cannot guarantee their realization. We commit to updating forward-looking statements as necessary but do not have a legal obligation to do so.

In conclusion, understanding the factors influencing our results is crucial for stakeholders. By staying informed and proactive, we can navigate challenges effectively and capitalize on opportunities for growth. Thank you for your continued support and engagement with Sapiens International Corporation.