Tokio Marine Management Selects Sapiens RapidSure Policy Administration and Reinsurance Solutions

Sapiens International Corporation N.V. SPNS, a provider of insurance software solutions and a member of the Formula Group FORTY, announced today that Tokio Marine Management, Inc has selected Sapiens' RapidSure Policy Administration and Reinsurance solutions to enhance its legacy environment and enable rapid time to market. The implementation is currently underway and on track for production readiness in Q4 2011.