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3i Infotech's PREMIA(TM) to Streamline Policy and Claim Administration at Clarian Health Risk Retention Group; 3i Infotech Breaks into Specialty Insurance Lines with First Medical Malpractice Insurance Customer.


EDISON, N.J. -- 3i Infotech (www.3i-infotech.com), a global provider of IT solutions and services, announced Clarian Health Risk Retention Group (CHRRG) has selected PREMIA(TM) to use to administer the medical malpractice Improper, unskilled, or negligent treatment of a patient by a physician, dentist, nurse, pharmacist, or other health care professional.  insurance lines it provides to members of the Clarian Health organization. CHRRG, a subsidiary of the Indianapolis - based Clarian Health Partners, is dedicated to meeting medical professional liability insurance needs of health care providers within the Clarian Health Partners network.

PREMIA(TM) will provide CHRRG with powerful business functionality that will enable it to streamline processes and offer improved customer service. PREMIA(TM) has been pre-configured to meet the special requirements of the medical malpractice insurance industry and is a single platform solution that supports rating and quoting, policy administration, claims, reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract.  and accounting. The business benefits are further enhanced by a powerful reporting module that assists and supports management in critical business decisions.

"We decided against building an in-house solution and chose PREMIA(TM) over competitively-priced solutions because of its superior built-in functionality that was not only in line with, but went beyond our requirements," said Jeff Stafford, VP and COO (Cell Of Origin) See mobile positioning. , Clarian Health Risk Retention Group. "We were further impressed im·press 1  
tr.v. im·pressed, im·press·ing, im·press·es
1. To affect strongly, often favorably:
 because it can handle the unique challenges of the medical malpractice industry and can be rolled out within 60 days."

Doctors can log into PREMIA(TM) Collaborator, a self-service Web portal See portal. , to quickly obtain and accept insurance quotes, change coverage limits or print out certificates of insurance. "This enhanced offering will enable doctors to manage their personal workflow The automatic routing of documents to the users responsible for working on them. Workflow is concerned with providing the information required to support each step of the business cycle.  more efficiently, and we expect PREMIA(TM) to exceed our expectations by reconfiguring our workflow so that operations run more efficiently rather than becoming more complex," Stafford continued.

"We are excited to be making a breakthrough in the medical community with our first implementation of PREMIA(TM) for medical malpractice insurance lines, " said Vivek Sethia, Vice President - Insurance, 3i Infotech. "By streamlining the medical claims and administration process at CHRRG, we have enabled it to improve customer service while at the same time decreasing valuable physician time spent on claims administration. We're certain PREMIA(TM) will quickly set the standard for delivering immense value to the medical insurance industry."

For additional information please visit: www.3i-infotech.com/premia

About 3i Infotech Inc (Formerly known as ICICI ICICI Industrial Credit and Investment Corporation of India  Infotech Inc)

3i Infotech (www.3i-infotech.com) provides information technology solutions through its range of solutions for insurance, banking, finance, manufacturing, retail and distribution, and e-Governance. It is one of India's top 5 software product companies and the fastest growing Indian software product company in FY 2004-2005, with respect to both domestic as well as overseas software product sales(a). The company is SEI CMM SEI CMM Software Engineering Institute Capability Maturity Model  Level 5-compliant for its Software Services and the company is ISO (1) See ISO speed.

(2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI.
 9001:2000 certified See certification.  for its Infrastructure and Business Process Outsourcing Business process outsourcing (BPO) is the contracting of a specific business task, such as payroll, to a third-party service provider. Usually, BPO is implemented as a cost-saving measure for tasks that a company requires but does not depend upon to maintain its position in  Services.

Using its domain knowledge and through continuous investment in technologies, 3i Infotech helps corporations in their businesses through its expertise in enterprise-class software solutions, software services, information security consulting, system integration services, IT infrastructure and disaster recovery solutions. 3i Infotech serves customers in 45 countries has a presence across 4 continents.

(a) Source: Dataquest Special Issue: Industry Overview (July 15, 2005)

Disclaimer (networking) disclaimer - Statement ritually appended to many Usenet postings (sometimes automatically, by the posting software) reiterating the fact (which should be obvious, but is easily forgotten) that the article reflects its author's opinions and not necessarily those of the : Except for the historical information contained herein, statements in this release, which contain words or phrases such as "will", "would", etc., and similar expressions or variations of such expressions may constitute 'forward-looking statements'. These forward-looking statements forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
 involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by the forward-looking statements. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of principal international markets, the performance of the industry sectors in which our clients are based, the performance of the information technology industry sector world-wide, competition, our ability to obtain statutory and regulatory approvals and to successfully implement our strategy, future levels of our growth and expansion in business, technological implementation, changes, advancements, and redundancies, the actual demand for software products and services, or the future potential or feasibility thereof, changes in revenue, income or cash flows, our market preferences and our exposure to market risks, as well as other risks. 3i Infotech undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date thereof.
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Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Oct 21, 2005
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