Sapiens International Corporation N.V. announced that a North American insurance company has entered into a new agreement with Sapiens valued at approximately $30 million over the next two years. The latest agreement extends the existing partnership between Sapiens and the company for the second phase of a multi-year, multi-phase technology and core system modernization program. The Sapiens platform is being used as the core processing system during a major redesign of the insurer's technology and core systems to support its market expansion plans.