Majestic Insurance Selects Fiserv Insurance Solutions

5 November 2008

Fiserv Insurance Solutions, a leading provider of innovative technology, professional services and strategic sourcing options for the insurance industry, announced that Majestic Insurance Company (“Majestic Insurance”), a provider of specialty workers’ compensation insurance, has selected PowerSuite® to replace its existing workers’ compensation processing system. Based in San Francisco, Majestic Insurance is a wholly-owned subsidiary of CRM Holdings, Ltd.

PowerSuite was selected over 10 competing solutions after thorough scrutiny. The decision was based on PowerSuites’s up-to-date technology, its reputation for reliability, its functional breadth and depth, and on the insurance knowledge base of the PowerSuite team.

“PowerSuite provides enhanced technology to help us be competitive in the increasingly challenging workers’ compensation marketplace. The commitment to partner with Fiserv on an enterprise wide policy administration platform will position our company for efficient growth and world class customer service,” said Chet Walczyk, Chief Operating Officer of Majestic Insurance. “The increased operational effectiveness and efficiency that PowerSuite provides will facilitate our future growth.”

“Growth requires the right technology to support it,” said Gary Sherne, president of the Property & Casualty Division of Fiserv Insurance Solutions. “Majestic Insurance has distinguished itself with its experienced, professional staff. We understand that it is absolutely essential for their staff to have an advanced workers’ comp system that fulfills their needs as their business expands, and are pleased that Majestic has chosen PowerSuite as that system.”

PowerSuite is the Java-based workers' compensation system from Fiserv Insurance Solutions, offering complete policy administration and claims management. Insurers can choose to deploy only the policy administration module, only claims management, or both, for an integrated solution.

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