MphasiS Client AEGIS Nominated by Industry CIO Group for Novarica Research Council Impact Award for Expansion Business Wire NEW YORK -- June 6, 2013 MphasiS, an IT services company is proud to announce that its customer, AEGIS was nominated for a Novarica Research Council Impact Award for Expansion. The Novarica Research Council Impact Awards are selected by a panel of insurer CIO members of the Novarica Insurance Technology Research Council. Members of the 2013 nominating committee included CIOs or senior IT executives from Ameritas, Amica, Glatfelter, Liberty Mutual, National Life Group, New York Life Investments Mgt, Pioneer State Mutual, Sammons Group, The Hartford, and Wilton Re. Winners will be determined by a vote open to all 300+ insurer members of the Council, and announced at a panel and networking event in NYC in August. More details are online at http://www.novarica.com/impact2013. “The Novarica Research Council Impact Awards are the only pure peer-reviewed award for insurance IT leaders,” said Matthew Josefowicz, a managing director of Novarica, which runs the Council and administers the awards. “Only CIOs and senior IT executives have a vote – no vendors or consultants are involved in the selection.” AEGIS was selected from among more than 30 case studies of recent successful insurance IT practices and projects. AEGIS partnered with MphasiS to implement NextGen, an IT transformational project. NextGen replaces legacy core systems, incorporates business process enablement, and ultimately transforms AEGIS’ systems from a collection of user-intensive processes to an automated suite of systems. The transformation consisted of building an all-inclusive platform for underwriting, rating, policy administration and online application submission that seamlessly integrated with the peripheral systems like document printing, billing, reinsurance, claims and data warehouse. MphasiS is currently in the process of building the Claims Management System for AEGIS. “We congratulate AEGIS on this recognition, and are very proud AEGIS selected us after an exhaustive evaluation process. We followed a phased implementation approach to minimize risk,” said Craig Gustafson, Vice President and Head of Business Development, Insurance, U.S. and Canada, MphasiS. “Each development phase in turn followed an agile iterative approach with defined incremental deliverables for every 90 days. This approach enabled faster roll out of applications, resulting in quick wins through process efficiencies, automation and improved customer service.” MphasiS brings together deep understanding of the insurance industry and wide experience of the insurance market. MphasiS provides end-to-end solutions and supports all processes in the policy life cycle from product definition to claims settlement for Property & Casualty (P&C), Life & Annuities and Asset Management. It provides solutions to insurance industry leaders and Fortune 500 insurance companies by leveraging its Applications, Business Process Outsourcing and Infrastructure services. About the Novarica Research Council Impact Awards The Novarica Insurance Technology Research Council includes more than 300 insurer CIOs and senior IT executives. The Novarica Research Council Impact Awards are awarded annually based on a review of case studies submitted by insurers. More information is online at http://www.novarica.com/impact2013. About MphasiS MphasiS is a $1 billion global service provider, delivering technology based solutions to clients across the world. MphasiS services clients in Banking & Capital Markets, Insurance, Manufacturing, Communications, Media & Entertainment, Healthcare & Life Sciences, Transportation & Logistics, Retail & Consumer Packaged Goods, Energy & Utilities, and Governments around the world. Our competency lies in our ability to offer integrated service offerings in Applications, Infrastructure Services, and Business Process Outsourcing. To know more about MphasiS, log on to www.mphasis.com. All rights reserved -© Copyright 2013 MphasiS Limited Contact: Schwartz MSL Shweta Agarwal or Kendra Dorr, 781-684-0770 mphasis@Schwartzmsl.com or MphasiS Carol Dennis, 201-424-2331 Senior Marketing Manager, Insurance Carol.Dennis@MphasiS.com
MphasiS Client AEGIS Nominated by Industry CIO Group for Novarica Research Council Impact Award for Expansion
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