Ask the Vendors: Best Practices, Partnering Strategies, and Other Lessons Learned 3 November 2011 CONFIDENTIAL |

1 © 2011 Oliver Wyman  Company profile: ►Dedicated to property & casualty segment of insurance industry ►Solutions: Policy Administration: Quoting, Rating, Underwriting, CRM, Document Management, Agency Management, Workflow, and Product Configuration ►Services: Implementation, Integration, Consulting ►Process commercial, personal, speciality lines in all 50 states Insurance customer profile: ►All North American property and casualty carriers ►35 active clients ►15% Tier 1, 55% Tier 2, 30% Tier 3 Client Value : Using AQS solutions and services enable our clients to more effectively compete in their chosen markets by providing them the ability to: ►get products to market faster and more economically ►more effectively leverage ISO and other bureau content ►improve distribution effectiveness and ease of use ►reduce operational costs

2 © 2011 Oliver Wyman  Case Study – General Casualty / AQS Relationship ►Implemented commercial lines solution in 24 states Implementation Relationship ►Desire to openly share challenges ►Project sponsor commitment / active steering committee ►Project mangers co-managed – everything was “we” ►Project charter clearly spelled out objectives (and it was used) ►Commitment made project a win-win On-going Relationship ►Track Record of success ►Committed to nurturing ►Consistent communication ►Designated contacts

Presentation titlePage 3 Ernst & Young LLP Insurance Advisory Services Ernst & Young is a recognized leader in providing advisory services to life, health, property and casualty insurers and reinsurers worldwide. Our team of 8,000 insurance aligned professionals span many disciplines and offer a well-rounded understanding of business issues and challenges as well as integrated services to our clients. They are professionals with deep subject matter knowledge who assist clients in enhancing their business opportunities. Our services include: ►Core insurance operations improvement, implementation and transformation ►Predictive modeling ►Advanced analytics ►Finance improvement ►Accounting and regulatory implementation ►Actuarial ►Risk We serve 100% of the Forbes 2000 top 10 insurers including; ►100% of the Forbes 2000 top 10 property/casualty insurers; ►100% of the Forbes 2000 top 10 life insurers; ►75% of the Forbes 2000 top 10 insurance agents/brokers.

Presentation titlePage 4 Most effective vendor/client relationship Helped an International Specialty Carrier implement a global claims system in 20+ countries. ►Top business sponsor involved and committed. Significant time invested in project throughout its lifespan. ►Great relationships between leaders – good friendship developed over time. ►Moment of Truth – how that first challenging situation is handled on both sides ►Signed off, approved business case ►C-Level Steering Committee – truly interested and involved in outcome ►Frequent communication focused on what really mattered

5 © 2011 Oliver Wyman  MajescoMastek -- Our US Financial Services & Insurance Business Experience and Domain Expertise 19+ years of Experience in North America Over $50Mn of investment in Intellectual Property Office Locations – New York, Toronto, Indianapolis, Glastonbury 2,000+ Consultants with Financial Services & Insurance Expertise IP Offerings Elixir PAS for L&A Insurers NB+U for L&A Insurers Elixir Distribution Management STG Suite for Property & Casualty Insurers Data Factory Tool Kit & Kameleon Solutions 5 Services & Technology Experience Development & Maintenance Data Management Services Testing Center of Excellence Mobility Solutions Technology Engineering Cell

6 © 2011 Oliver Wyman  MajescoMastek -- A Success Story ₪ “Go Live” with new PAS Software – 2004 ₪ Products Supported by SEG Software:  EIA / MVA  Payouts  Commissions ₪ Technology Profile: Browser - Internet Explorer Web Server - Windows Server Operating System- Windows Database - SQL (a subsidiary of Iowa Farm Bureau)

Broadest Customer Base in the industry 500,000 insurance users 1,000 carriers 750 MGAs 17,000 agencies

Proven Results Benefits  Improved field visibility  Real-time contract status notifications with four new communication touch points  On-boarding process re-configured with appointment after certification  Single click appointment in on-boarding workflow  Consistent work product by FTE due to workflow process structure Success Story: United Healthcare © 2011 Vertafore, Inc. Proprietary8  Contract turn around time went from 45 days to less than 10  Contract requests backlog at peak season went from 8,000 to 1,100  Reduced 15 FTE  Cost savings in onboarding and appointing The Producer Lifecycle Management platform streamlines onboarding and appointing for largest single health carrier in the United States

9 © 2011 Oliver Wyman   Most effective vendor/client relationship: –operated with transparency –highly self-aware of their strengths, and declined requests that fell outside their proven competencies –responsive and accountable –directly monitored their employees’ performance such that they found the weak and strong players before I did –highly effective onsite project manager who partnered well with my managers and embraced my company’s culture –provided thought leadership on specific project phases, including test planning, estimation and execution –bring their breadth and depth of overall project experience to bear Insurer input

10 © 2011 Oliver Wyman  A member of the Oliver Wyman Group #cr8disrupt