Assurant Health and Zensar Announce Multi-year Information Technology Support Agreement

MILWAUKEE & PUNE, India--(BUSINESS WIRE)--Assurant Health, a leading provider of health insurance products for consumers, and Zensar Technologies, an RPG Enterprises company, announce a five-year agreement for information technology support of a suite of business applications.

“Working with Zensar we can increase productivity and enhance the value of our investments in Assurant Health IT initiatives.”

The Zensar relationship spans development, testing, maintenance, enhancement and IT support for a suite of business applications used by Assurant Health for policy administration, underwriting and claims processing.

“We are happy to announce that as part of this new five-year engagement, Zensar will assist Assurant Health in implementing the infrastructure necessary to comply with the Patient Protection and Affordable Care Act,” said Chris Dowler, Chief Information Officer, Assurant Health. “Working with Zensar we can increase productivity and enhance the value of our investments in Assurant Health IT initiatives.”

Through the new five-year agreement Zensar becomes a preferred IT provider, expanding upon the service relationship with Assurant Health that began in 2005.

“Zensar has had a solid partnership record with Assurant over the years, and we are delighted to make this announcement,” said Dr. Ganesh Natarajan, Chief Executive Officer, Zensar Technologies. “Insurance and health care are both focus verticals for our company in North America and this deal falls in the sweet spot of our growth.”

Assurant Health

Assurant Health is the brand name for a family of health insurance products focused on providing a variety of affordable plan choices to consumers. The portfolio of health care products includes major medical, supplemental and fixed-benefit plans for individuals, families and small employers. Assurant Health is committed to providing access to convenient health care delivery, easy-to-understand products and value-added services that help customers better manage their health care dollars and get the most out of their coverage, ultimately seeking to protect not only financial security but also the health and well being of its customers. Assurant Health's products are underwritten and issued by John Alden Life Insurance Company, Union Security Life Insurance Company and Time Insurance Company, which has been in business since 1892. Headquartered in Milwaukee, Wis., Assurant Health employs approximately 2,000 employees. More information about Assurant Health can be found on the company's website at www.assuranthealth.com.

Assurant Health is part of Assurant, a premier provider of specialized insurance products and related services in North America and select worldwide markets. Assurant, a Fortune 500 company and a member of the S&P 500, is traded on the New York Stock Exchange under the symbol AIZ. Assurant has approximately $29 billion in assets and $8 billion in annual revenue. Assurant has approximately 14,500 employees worldwide and is headquartered in New York’s financial district. www.assurant.com

About Zensar Technologies (www.zensar.com)

Zensar Technologies is among the top 15 software services providers from India. The world's first enterprise-wide SEI CMM Level 5 Company and later certified as a CMMI Level 5 Company Zensar has industry expertise that spans Retail, Manufacturing, Banking, Insurance, Healthcare and Utilities. An RPG Group company, Zensar has near 7000 employees with sales and operations presence across US, UK, Middle East, South Africa, Singapore, Australia, China and Japan. The Company delivers comprehensive services in mission-critical applications, enterprise applications, e-business, BPO and Knowledge Services. The Company has developed tools and methodologies, including the proprietary Solution BluePrint (SBP), which enables its clients with innovative business solutions and a rapid ‘go-to-market’ capability. The Company supports Fortune 500 clients with software business solutions that help them compete in the digital economy.

About RPG Enterprises (www.rpggroup.com)

RPG Enterprises is one of India's largest industrial conglomerates. The group consists of over fifteen companies managing diverse business interests in the areas of Tyre, Infrastructure, IT and Specialty. Established in 1979, RPG Enterprises is one of India’s leading business groups with a turnover of Rs 15,000 crore.