June 16, 2005

ikaSystems Corporation Provides Managed Care Business Solution for Renaissance Life & Health Insurance Company

Renaissance Life & Health automates the sales and administration of its premier dental plan.

Southborough, Massachusetts. June 16, 2005 - ikaSystems Corporation, a leading provider of web-based, enterprise-wide solutions for the health care industry announces that Renaissance Life & Health Company, a national health benefits administrator, will implement the ikaSales and ikaAdmin portals as its core sales and administration tools for brokers and administrators.

Chosen primarily for its superior ratings engine, ikaEnterprise supports complex ratings algorithms, which was a major selling point for Tonya Draughon, Marketing Development Manager for Renaissance.

“Group dental ratings can be complex, but the ikaplatform enables us to simplify the process,” she says.

“It is more cost effective to use ikaSystems than to develop the functionality internally,” responds James F. Marzano, Jr., Chief Information Officer at ikaSystems. “We’ve invested heavily in our technology and strive to stay ahead of competitors by continuously developing new functionality ahead of market,” he adds.

Draughon is also impressed with ikaSystems connectivity, flexibility and ease of use.

Because Renaissance Life & Health Insurance Company is geographically-dispersed, Draughon wanted to add paperless connectivity between underwriters and remote sales agents and brokers. She says the ika platform allows for real-time updates to all agents and brokers, and it automatically notifies underwriters of pending cases.

“The ikaEnterprise System is dynamic and robust; it was designed specifically to replace the paper, faxes, and phone calls that plague the operations of the healthcare industry,” says Ravi Ika, President and CEO of ikaSystems.

The ikaEnterprise System’s flexibility will support the insurer’s nationwide operation and introduction of new product lines.  Security concerns are satisfied with ikaSystems’ HIPAA-compliant technology.

In addition to flexibility, the ikaplatform is highly scalable. Each application is a stand-alone product.

“You can purchase the complete ikaEnterprise System for an end-to-end solution, or purchase individual portals based on your requirements,” says Marzano.  Renaissance purchased the ikaAdmin and ikaSales portals to support growth while keeping administrative costs low.  Marzano notes that over time, the company may want to further streamline business processes by adding more portals.

The ika platform is also easy to use. Agents will have access to the insurer’s most popular plan designs but will also be able to customize their requests based on client requirements.  In addition, Draughon doesn’t have to worry about maintenance since the system is maintained onsite at ikaSystems.

“Our products are easily integrated into the client’s core system,” says Marzano. “Our technical staff builds and tests all integration points and maintains the system, enabling companies to free internal programming resources and focus on business.”

About Renaissance Life & Health Company

Renaissance Life & Health Company offers flexible benefit plan designs nationwide to meet the needs of today’s marketplace.  It is affiliated with the Midwest’s largest, most experienced dental benefits carrier with more than 40 years of experience in dental benefits administration. For more information, visit www.rlhic.com or call 800-745-7509.