NaviSys Enterprise Platform Scales to Support 10,000,000 Life Insurance Policies and Annuity Contracts

Stress Test of Next-Generation Software Removes Perceived Barrier to Legacy System Replacement

EDISON, NJ (January 31,  2006) - NaviSys, Inc., the market leader in front-to back-office solutions for life insurers, today announced the results of a large-scale stress test of NaviSys Enterprise Platform™. Even at the most extreme levels (10 million contracts and 500 concurrent users), the system performed as follows:

• The typical web page loaded in less than 2 seconds.
• 200,000 life insurance and annuity "end-to-end" transactions processed in well under an hour.

The stress test put NaviSys Home Office™, the administration package of NaviSys Enterprise Platform 9.5, through its paces. Conducted in cooperation with Oracle and a NaviSys customer, the test simulated use at 500,000, 1,000,000, 1,500,000, 2,000,000, 4,000,000 and 10,000,000 contracts and 100, 250, and 500 concurrent users. The user interface testing included new business application entry, policy quoting and financial and non-financial transaction entry.

Michael Roe, president and CEO of NaviSys, said: "NaviSys is the only next-generation strategic platform for major platform consolidation. Fully configurable, it delivers rapid product introduction and an affordable implementation. Insurers who have hesitated to replace legacy systems can be assured that our solution enables a compelling business case for major platform consolidation and conversion."

Matthew Josefowicz, manager of the insurance group at advisory firm Celent, LLC, said: "As the life insurance industry continues to consolidate both in terms of companies and processing platforms, scale will be a critical issue. Vendors like NaviSys that can clearly demonstrate their scalability and high-volume performance should be well-positioned to serve this consolidating market."

For the stress test, NaviSys, a Partner in Oracle PartnerNetwork, used Oracle Database and IBM Websphere 5.1 installed on an IBM p570 series server. Oracle provided a database administrator to help NaviSys monitor the testing and verify results.

"Dozens of insurance companies are in production with NaviSys Enterprise Platform, and many of these are supporting high volumes of business, so these test results don’t surprise us," said Mitchel Ludwig, vice president and principal consultant at NaviSys.  "This test does highlight the software’s ability to deliver speedy, consistent performance - whether an insurer is administering 100,000 or 10,000,000 policies and contracts for one line or multiple lines of business."

About NaviSys Enterprise Platform

NaviSys Enterprise Platform enables rapid product introduction and straight-through processing of insurance. Leading companies use the solution to enable once-and-done data entry and transaction processing, from point of sale through ongoing administration. While some insurers choose to implement the entire Enterprise Platform, others use one package or several components. The components of NaviSys Enterprise Platform are: illustration and quotation; application and forms; case management; underwriting; policy issue; customer services; policy administration; and payout illustration.

NaviSys’ solution packages address specific industry needs:

• NaviSys Front Office™ improves the new business process.
• NaviSys Home Office™ speeds new product introduction and streamlines policy administration.
• NaviSys Payouts™ targets the specific needs of the growing retirement income market.

About Oracle PartnerNetwork

Oracle PartnerNetwork is a global business network of 15000 companies who deliver innovative software solutions based on Oracle software. Through access to Oracle’s premier products, education, technical services, marketing and sales support, the Oracle PartnerNetwork program provides partners with the resources they need to be successful in today’s global economy. Oracle partners are able to offer customers’ leading-edge solutions backed by Oracle’s position as the world's largest enterprise software company.  http://oraclepartnernetwork.oracle.com

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About NaviSys

Leading life insurers rely on NaviSys for innovative technology that delivers business results.  From front-line sales to back-office administration, NaviSys delivers advanced technology solutions that improve distribution, new product introduction and operational efficiency while empowering IT organizations to improve productivity and simplify technology platforms. NaviSys provides the talent, vision and commitment to help insurers’ businesses succeed.

NaviSys’ platform-neutral software solutions and consultative approach enable life insurance carriers and distributors to create, distribute and administer insurance products through multiple channels. Seventy-five percent of the largest domestic life and health insurers and over ninety percent of the top annuity providers are NaviSys clients. Companies such as AIG/American General, Guardian Life, TIAA-CREF and Western Southern rely on NaviSys’ pre-built and customized solutions. NaviSys has offices in Edison, New Jersey and Ambler, Pennsylvania. www.navisys.com

Contact

Gail Nelson
Vice President, Marketing
NaviSys
800.775.3592/732.767.3601
[email protected]

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