Nationwide Financial Selects Polaris’ Intellect® Claims Solution

  Nationwide Financial Selects Polaris’ Intellect® Claims Solution

          A comprehensive Information Model based on ACORD standards

Business Wire

CHENNAI, India -- September 26, 2013

Polaris Financial Technology Limited, a leader in products, solutions and
services that enable unprecedented operational productivity for the global
Financial Services industry, today announced that Nationwide Financial has
chosen to implement Polaris’ Intellect^® Claims solution.

Nationwide Financial has chosen to deploy Polaris’ Intellect Claims solution
comprising a Claims workstation, service portal, and an integrated beneficiary
management system.

The solution will allow Nationwide Financial to enhance their claims process,
improve the customer experience, demonstrate compliance with regulatory
requirements, and drive business transformation. In addition, Polaris will
provide integration services with several Life and Annuity administrative
platforms to provide a single user experience.

“Polaris’ solution was a good fit due to its flexibility in configuring the
claims process to fit our diverse needs and setup role based workstations,
which we believe will lead to a superior customer experience,”  said Jeff
Stein, Vice President of Insurance Operations for Nationwide Financial. ”We
think Intellect Claims will help us comply with new regulatory requirements.”

Commenting on the successful deal, Pranav Pasricha, Global Head, Insurance,
Polaris Financial Technology Limited,  said, "This is a significant win for
Polaris in the enterprise product space. It not only provides the required
validation for our product in the Life insurance market, but also paves the
way to build a bigger brand in the North American insurance market. Polaris’
partnership with Nationwide further enhances our ability to demonstrate our
expertise and leadership in the insurance and financial services markets.”

Intellect Claims is built using components and frameworks that accelerate
delivery and connect to legacy systems, providing seamless integration and
straight through processing for critical business processes. As a quick,
accurate and easy end-to-end claims processing solution, Intellect Claims’
rapid configurability meets the customer's exact business requirements.

About Nationwide

Nationwide, based in Columbus, Ohio, is one of the largest and strongest
diversified insurance and financial services organizations in the U.S. and is
rated A+ by both A.M. Best and Standard & Poor’s. The company provides
customers a full range of insurance and financial services, including auto
insurance, motorcycle, boat, homeowners, pet, life insurance, farm, commercial
insurance, annuities, mortgages, mutual funds, pensions, long-term savings
plans and specialty health services. For more information, visit
www.nationwide.com

About Polaris Financial Technology Limited

Polaris Financial Technology Limited  is a global leader in Financial
Technology for Insurance, Banking, and Financial Services with 7 of the top 10
insurers and 9 of the top 10 banks as partners. With over 25 years of
expertise in building a comprehensive portfolio of products, smart legacy
modernization services and consulting, Polaris owns the largest set of
Intellectual Properties in the form of a comprehensive product suite,
Intellect^® which is the world's first pure play Service Oriented Architecture
(SOA) based application suite for Insurance, Retail, Corporate, and Investment
banking. Polaris has 40 relationship offices across 30 countries, 6
international development centers and 8 fully owned business solution centers.
Polaris has a talent strength of over 13,000 solution architects, domain and
technology experts. For more information, please visit
http://www.polarisFT.com/.

Contact:

For Media related info, please contact:
Polaris Financial Technology Ltd
Minal Sahani
Mob: +91 91766 26468
minal.sahani@polarisFT.com
or
For Investor related info, please contact:
Polaris Financial Technology Ltd
G. Sunanthy Devi
Mob: +91 8939933564
sunanthy.g@polarisFT.com
 
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