Missouri Professionals Mutual Selects Ravello Solutions Policy Administration, Claims and Billing System

Business Editors

ST. LOUIS, Mo.--(BUSINESS WIRE)--February 2, 2009--Missouri Professionals Mutual (MPM), ranked as the number one medical professional liability insurance carrier in the State of Missouri, announced today that they have selected Ravello Solutions’ browser-based policy administration system to manage their entire policy administration, claims management and billing process. Ravello is a leading provider of technology solutions to property and casualty insurers.

The selection of the browser-based software will position MPM for further growth and provide significant efficiency gains and a shorter time to close of claims through the automation of many tasks that exist within the existing MPM workflow. According to Timothy H. Trout, Managing Director for MPM, a 30 year med mal veteran, “We conducted an exhaustive and thorough search for the right technology partner with a solid solution and a proven track record and were thrilled to discover Ravello.” He added, “The robust out-of-the-box functionality for policy processing, claims and billing is exactly what we need as a solid technology base as we take our organization to the next level and beyond.”

MPM will start by implementing the Ravello Claims solution that will be going live in the first quarter of 2009 — an implementation time of less than 60 days. It will be followed shortly thereafter by Policy and Billing. “MPM is an industry leading organization within the medical malpractice field and we are very excited to have them join the Ravello family,” says Andrew J. Serowitz, President and Chief Operating Officer of Ravello Solutions. “It’s our intention to provide MPM with the tools, systems, and support to grow their complex business. MPM’s new system will be the most flexible and powerful medical malpractice system in the industry.”

About MPM

Missouri Professionals Mutual is the #1 medical professional liability company in the State of Missouri. MPM insures in excess of 32% of Missouri physicians and has been the market leader since its inception. MPM has restored stability to the physician liability insurance marketplace through a unique business model that combines experienced insurance executives, practicality and passionate creativity benefiting physicians and the patients they serve. MPM is committed to re-empowering physicians and its aggressive approach to the market is reinvigorating the practice of medicine and improving healthcare for Missouri citizens.

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 recently joined the Ravello team as President of Ravello Claims and 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