Allianz Life Insurance Company of North America Selects NaviSys Front Office Solution

Business Wire, May 8, 2006

EDISON, N.J. -- NaviSys, Inc., the market leader in front-to back-office solutions for life insurers, today announced that Allianz Life Insurance Company of North America (Allianz Life(R)) has licensed NaviSys Front Office(TM), part of the NaviSys Enterprise Platform(TM), to help streamline new business processing.

Using NaviSys Front Office, Allianz Life is creating a single imaging and workflow solution to handle any variation to "straight-through processing" for processing applications, regardless of product line, distribution channel or location.

In 2006, Allianz Life will use the solution to process new fixed annuity business. Allianz will extend the use of NaviSys Front Office to variable annuity products, life insurance products and long-term care insurance products during the first half of 2007.

John Esch, vice president at Allianz Life Insurance Company of North America, said: "NaviSys' technology and expertise will play an important role in our efforts to further enhance our new business application processes."

Top rated by industry analysts, NaviSys Front Office is a rules-driven solution.

John Gorman, executive vice president of consulting services at NaviSys, said: "Allianz Life is leveraging the power of NaviSys' flexible solution. A straight-through process for new business submission and case management will benefit its large force of independent producers by streamlining the entire sales process, from submission through issue."

About Allianz Life Insurance Company of North America

Founded in 1896 and based in Minneapolis, Allianz Life Insurance Company of North America is a leading provider of fixed and variable annuities, life insurance policies, long term care insurance products, and health excess of loss insurance products in the U.S. Allianz Life Insurance Company of North America is one of the primary companies of Allianz AG. Allianz AG employs over 177,000 people worldwide.

About NaviSys Front Office

NaviSys Front Office is part of NaviSys Enterprise Platform(TM), which 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 NaviSys 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 service; policy administration; and payout illustration.

NaviSys' solution packages address specific industry needs:

--NaviSys Front Office(TM) improves the new business process.

--NaviSys Home Office(TM) speeds new product introduction and streamlines policy administration.

--NaviSys Payouts(TM) targets the specific needs of the growing retirement income market.

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

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