Fiserv, Inc. (NASDAQ: FISV), a leading provider of technology solutions, announced today that Midwest Insurance Company of Springfield, Ill., has licensed the Fiserv Insurance Webbased PowerSuite® Claims system solution for workers’ compensation. This agreement marks a new stage in Midwest Insurance’s systems update to Web-based technology. A year ago the insurer moved into production with the Fiserv policy solution for workers’ compensation.
“Our success with PowerSuite Policy made the decision to implement the claims module of the PowerSuite solution an easy one,” said Rick Vogl, vice president of Information Technology at Midwest Insurance Company.
“PowerSuite Claims provides the comprehensive set of functions we need. With this integrated solution in place we’ll be positioned to grow and still deliver on promises to our clients.”
“We are excited and pleased that Midwest Insurance Company has already experienced high value with the policy system,” said Gary Sherne, president of P&C Systems Solutions for Fiserv Insurance. “Their move forward with PowerSuite Claims validates our strong belief that these workers’ compensation systems are the best and optimally aligned to support business needs.”
PowerSuite is a component-based solution that initiates the processing of workers’ compensation policies and claims with flexible data capture for quick reporting and intelligence. PowerSuite Claims assists with proactive management and provides case management capabilities to track costs, parties and forums to resolve complex claims to the best outcome for all involved. PowerSuite Policy provides lifecycle, end-to-end policy administration and maintenance. It supports efficient company-wide changes and rapidly tailored individual jurisdictional needs and rating programs.