Midwest Insurance Company Extends Relationship with Fiserv Workers' Compensation Solution
Growth and client needs drive decision
Brookfield, Wis., January 8, 2008 - 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.
For more information contact:
Eddie Jones
Senior VP, Marketing & Product Management
Fiserv Insurance
(803) 476-1468
eddie.jones@fiserv.com
About Fiserv Insurance
Hundreds of Life, P&C, Health and Reinsurance carriers, managing general agents and administrators rely on Fiserv
for innovative insurance technology, professional services, and outsourcing solutions. Fiserv solutions include
insurance policy and claims administration, underwriting, rating, advanced billing and collections, point-of-sale
technology and straight-through processing solutions. In addition, more than 3,000 clients use the company's
market-leading financial and compliance solutions. Fiserv can be found on the Internet at fiservinsurance.com.
About Fiserv, Inc.
Fiserv, Inc. (NASDAQ: FISV), a Fortune 500 company, provides information management and electronic commerce
systems and services to the financial and insurance industries. Leading services include transaction processing,
outsourcing, electronic bill payment and presentment, investment management solutions, business process
outsourcing (BPO), software and systems solutions. Headquartered in Brookfield, Wis., the company serves more
than 21,000 clients worldwide and is the leading provider of core processing solutions for U.S. banks, credit unions
and thrifts. Fiserv was ranked the largest provider of information technology services to the financial services
industry worldwide in the 2004, 2005 and 2006 FinTech 100 surveys. In 2007, the company completed the
acquisition of CheckFree, a leading provider of electronic commerce services. Fiserv and CheckFree had more than
$4.5 billion in combined pro forma total revenue for 2006. For more information, please visit www.fiserv.com.
Additional Contact:
Lori Soppe
Vice President, Public Relations
Fiserv Insurance
319-398-0548
Lori.Soppe@fiserv.com
