MphasiS Client AEGIS Nominated by Industry CIO Group for Novarica Research Council Impact Award for Expansion

  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

“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

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

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Schwartz MSL
Shweta Agarwal or Kendra Dorr, 781-684-0770
Carol Dennis, 201-424-2331
Senior Marketing Manager, Insurance
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