MGIS Selects Unirisx for Policy Administration

PHILADELPHIA, PA--(Marketwired - May 12, 2015) -  Unirisx, LLC (Unirisx), a global provider of SaaS-based, policy management solutions for the property and casualty (P&C) insurance marketplace, is pleased to announce The MGIS Companies, Inc. (MGIS) has selected the company's Insurance Solution Suite™ to handle policy administration, underwriting and new business processing. 

MGIS, a 45-year old insurance program manager based in Salt Lake City and focused on providing specialized insurance solutions, including group disability, group life, and medical-professional liability insurance products, for physicians and medical groups of all sizes and specialties across the U.S., will implement Unirisx's Insurance Solution Suite. The implementation will enable MGIS to manage and expand both product lines and distribution capabilities on a single integrated platform.  

"We conducted a comprehensive internal evaluation process to determine not only our current, but our future needs," said Jeff Brunken, president of MGIS. "By matching up strategic business and growth goals against current IT infrastructure, we determined the highest priority for MGIS right now was finding and implementing a solution which can serve as a single platform for both commercial P&C and group benefits, while enabling us to enhance service capability and scale as needed for future growth."

During an in-depth selection process, MGIS evaluated over 30 vendors and solutions before narrowing down to a shortlist which included just a handful of potential technology partners. The Unirisx Insurance Solution Suite met the MGIS technology platform criteria, schedule and budget, and possessed the ability to deliver the needed features and functionality on one platform for both commercial P&C products and group benefits. Going forward, the Unirisx Insurance Solution Suite will facilitate the high service standards for which MGIS is known, and enable rapid line of business (LOB) growth. 

"MGIS is an entrepreneurial and forward looking organization and they hold themselves to an extremely high service standard," said Akhil Tripathi, CEO of Unirisx. "We are very pleased to have been selected based not only on our technology, but on the cultural fit and commitment to the success of our customers and the industry at-large. We are looking forward to a smooth and successful implementation and a strong relationship with MGIS for years to come."

For more information, please contact Jeff Larson via phone or email at 610-915-6440 or jeff.larson@unirisx.com respectively, or visit the company website at www.unirisx.com.

About Unirisx, LLC (Unirisx)
Unirisx, LLC (Unirisx) provides transformational, world-class, core administration solutions for property and casualty (P&C) insurance organizations. Unirisx's highly-configurable, on-demand solutions for personal, commercial, and specialty lines, including ocean/marine, excess and surplus (E&S) and professional liability, enable the rapid creation and launch of new products, broadened distribution, and effective management of the full policy lifecycle in real-time. Via a Software-as-a-Service (SaaS) model, Unirisx reduces upfront costs and accelerates speed-to-market through unique customization capabilities currently powering successful implementations in multiple lines, multiple currencies and multiple languages around the world. For more information about Unirisx, please visit www.unirisx.com. 

About The MGIS Companies, Inc. (MGIS)
The MGIS Companies, Inc. helps brokers, practice managers and other healthcare professionals create effective and targeted malpractice and disability insurance programs for physicians and medical professionals. For 45 years, the company has provided specialized group disability insurance, medical-professional liability insurance, and practice improvement ancillary products and services to more than 10,000 physician groups, 900,000 group members, and 300,000 physicians nationwide. The MGIS group disability policies are backed by Sun Life Financial®, one of the largest and highest-rated insurance companies in North America. The MGIS medical-professional liability insurance policies are backed by Freedom Specialty Insurance Company, a Nationwide® Company, rated A+ (Superior) by A.M. Best. For more information visit our website at www.mgis.com.