Discovery Insurance Company Selects Ravello Solutions for Policy Administration, Claims and Billing Systems

ATLANTA--(BUSINESS WIRE)-- Discovery Insurance Company, a provider of non-standard personal auto insurance in North Carolina announced today, that it has selected Ravello Solutions’ web-based policy administration suite to manage their entire policy administration, claims management and billing processes. Ravello is a leading provider of software solutions to property and casualty insurers.

The selection of the web-based software will position Discovery for expansion into new lines of business, and will provide significant efficiency gains and shorter time to close claims through the automation of many tasks. D. Stuart Lindley, President of Discovery stated: “Finding the right partner was very key to us. We wanted an organization that brought considerable experience and expertise to the table. Ravello fit the bill perfectly.” He added that “the overall power of the Ravello solution and the vast experience of the implementation team on policy processing, billing and claims is exactly what we needed to help Discovery move to the next level and beyond. Ravello differentiated itself by its ability to learn about our particular needs and to then configure a solution for us.”

Discovery will start by implementing the Ravello Claims solution. That solution is expected to go into production in the late third quarter of 2009, and will be followed shortly thereafter by Ravello’s Policy and Billing components. “Discovery is a well established and respected personal auto carrier and we are very excited to have them join the Ravello Family,” said Andrew J. Serowitz, President and Chief Operating Officer of Ravello Solutions.

About Discovery Insurance Company

Discovery Insurance is a privately owned insurance company domiciled in Kinston, North Carolina. They write non-standard Personal Automobile coverage in North Carolina. Founded in 1993, Discovery Insurance is a fast-growing, forward-thinking company with an eye on the future.

About Ravello Solutions

Ravello is an Atlanta, Georgia based Policy, Claims and Billing Administration system provider. Founded in 2000, Ravello is managed by an experienced senior management team with extensive industry expertise. Thomas G. Rosencrants, Chairman and CEO, is a well-known and highly regarded member of the financial services sector with over 30 years experience in the insurance, investment and technology business. President and Chief Operating Officer Andrew J. Serowitz, possesses more than 25 years of experience in investment banking, insurance, financial services, and technology. Jason McGrath is President of Ravello Claims and the Chief Technology Officer of Ravello Solutions. Jason has over 20 years experience in the software development industry with a specific focus on insurance software.

http://www.ravellosolutions.com

Ravello Solutions

Mark Cavaness, 678-578-5406

Facsimile: 678-578-5401

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http://www.ravellosolutions.com

Source: Ravello Solutions