Synergy Coverage Solutions Selects Vikaran Solutions' WorkersCompExpert(R)

CHICAGO, IL--(Marketwired - Jun 4, 2014) - Vikaran Solutions (Vikaran) is pleased to announce that Synergy Coverage Solutions (Synergy), a North Carolina-based provider of workers' compensation insurance and services, has selected Vikaran Solutions' WorkersCompExpert®, a core administration suite designed specifically to fit the unique needs of this important line of business.

Synergy plans to implement all modules within the Vikaran WorkersCompExpert software suite, including PolicyExpert, BillingExpert, ClaimsExpert, ReinsuranceExpert, QuoteExpert (Agency Portal), Customer Portal and the Business Partner Portal. The implementation of WorkersCompExpert will not only modernize Synergy's core administration capabilities, but will offer Synergy's agents, customers and business partners a higher level of efficiency, productivity and communication plus strategic support for future business expansion and growth.

"We selected Vikaran's WorkersCompExpert for the suite's robust, out-of-the-box capabilities," said Bruce Flachs, president and CEO of Synergy. "We examined several solutions and picked Vikaran because this suite was best suited to help us achieve our business growth and efficiency goals. This selection strategically positions our company not only for growth, but new levels of efficiency and collaboration as it allows the entire Synergy ecosystem of agents, customers, business partners and associates to operate within a common environment."

"We're excited to be selected by Synergy Coverage Solutions," said Sandeep Mehta, CEO of Vikaran. "It is a testament to Synergy's management team and their vision that they recognize the unique competitive advantage that Vikaran WorkersCompExpert brings to the workers' compensation marketplace. Our platform is a key differentiator that will enhance Synergy's business performance across the insurance value chain. We take great pleasure in welcoming Synergy Coverage Solutions to the Vikaran customer family, and we look forward to achieving great success together."

Vikaran WorkersCompExpert is a state-of-the-art, web-based, fully-integrated insurance value chain management platform that extends an insurance company's management and administration capabilities beyond its own enterprise. The suite includes policy administration, billing, claims management, reinsurance, agency portal, customer portal and business partner portal software modules for workers' compensation carriers, managing general agents (MGAs), managing general underwriters (MGUs), third-party administrators (TPAs), and self-insured employers.

For more information about this release, please contact Ash Perti of Vikaran Solutions at (630) 512-8800 Ext 243 or ash.perti@vikaransolutions.com.

About Synergy Coverage Solutions
Synergy Coverage Solutions is a workers' compensation specialist that provides unparalleled services and creative solutions to professionally managed employers. By combining flexible product offerings with customized loss prevention and proactive claims management we reduce frequency and severity of injuries that occur in the workplace resulting in a reduction in long term workers' compensation cost and long term customer satisfaction. For more information, please visit the company website at www.synergyinsurance.net.

About Vikaran Solutions LLC
Vikaran Solutions is an insurance industry solution provider with a specialized focus in workers compensation and other property & casualty lines of insurance. The company is headquartered in Lisle, Illinois and operates a state-of-the-art software development center in Pune, India. For additional information please visit www.vikaransolutions.com, or contact Ash Perti at 630.512.8800 Ext. 243.