Celent Recognizes Fiserv Clients’ Effective Use of Technology

Chicago - 13 February 2007

Fiserv Insurance Solutions, a unit of Fiserv, Inc. (NASDAQ: FISV) announced that Celent, LLC, a leading research and advisory firm focused on insurance technology strategy, has recognized many Fiserv clients as “Model Carrier Components” in its new report, Celent Model Carrier 2007: Case Studies in Effective Use of Technology in Insurance.

AAA Missouri was recognized for its successful E-app and Straight-Through-Processing initiatives. The insurer uses Fiserv’s Policy STAR® system as part of an overall strategy that accelerated application cycle time by 80 percent, reduced errors, and helped expand their independent agent force to over 800.

American Safety Insurance was recognized for its Comprehensive Reinsurance Management initiative. The insurer, with the help of Fiserv’s Universal Reinsurance System (URS), improved their management of recoverables, monitoring of reinsurer exposure, and efficiency of financial reporting.

The report, which was presented at Celent’s inaugural Model Carrier Summit in New York on January 16, 2007, contained case studies of 39 technology initiatives and practices across most functional areas of insurance from more than 30 insurers. Nominations were solicited from over 100 insurers in the US and around the globe.

“The achievements demonstrated by these insurers are truly noteworthy,” commented Tony Perdichezzi, CEO of Fiserv Insurance Solutions. “We extend our warmest congratulations to the Fiserv clients, as well as every insurer, recognized in the report.”

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