Cognizant Helps National Health Insurance Company, Daman, Increase Market Share and...

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Wed Jun 24, 2009 4:00am EDT

Cognizant Helps National Health Insurance Company, Daman, Increase Market
Share and Enhance Customer Experience

Builds the Middle East's First Online Health Insurance Portal to Help Daman's
Customers Meet Their Health Insurance Needs Online

ABU DHABI, United Arab Emirates, TEANECK, N.J., and CHENNAI, India, June 24
/PRNewswire-FirstCall/ -- Cognizant (Nasdaq: CTSH), a leading provider of
consulting, technology, and business process outsourcing services, today
announced that it has developed the Middle East's first online health
insurance portal for National Health Insurance Company, Daman, the region's
leading health insurance company, which provides comprehensive healthcare
solutions via the largest network of private hospitals and pharmacies in the
UAE. The new web portal, www.damanhealth.ae, was launched recently in Abu
Dhabi and will transform the way health insurance is provided in the region.

The new portal provides Daman's over 1,800,000 customers the convenience of
accessing their insurance policies, records, and claims and conducting their
health insurance transactions online on a 24X7 basis. It forms an important
part of Daman's endeavor to provide its customers an integrated multi-channel
experience while increasing its market share. In addition, the increased
process efficiencies resulting from the portal will lead to lower unit costs,
thereby helping Daman augment its bottom line.

"This portal is a part of our efforts to delight our customers, and we are
happy to have partnered with Cognizant," said Dr. Michael Bitzer, Chief
Executive Officer of Daman. "The portal will enable our members to reach us
much faster by enabling them to perform their health insurance transactions
online, around the clock, from anywhere around the world."

"Cognizant's relationship with us, which began in 2008, has matured into a
strong partnership over a short period of time," said Axel Tettenborn, Chief
Operating Officer of Daman. "In addition to a set of web-based health
insurance applications launched as part of the first phase, we intend to make
available additional features such as online enrollment and reimbursement
claims submission to provide our members with a complete range of convenient
services."

"Cognizant is pleased to have partnered with Daman in helping them transform
their business model and processes, create operational efficiencies, and
increase their market share by changing the way their insurance policies are
subscribed to, processed, and updated," said R. Chandrasekaran, President and
Managing Director, Global Delivery, Cognizant. "This, we believe, will set new
standards in customer experience in the healthcare industry. We are committed
to leveraging the thought leadership and industry experience we have gained
from serving health insurance companies for more than a decade in many other
parts of the world to help Daman strengthen its leadership position in the
region.

"This engagement is a testament to the success we are seeing in the
investments we are making in the Middle East," added Chandrasekaran.
"Cognizant is committed to continued investments in emerging markets to
further globalize our business."

About National Health Insurance Company, Daman
The National Health Insurance Company, Daman, was established on 01 May, 2006.
Today it is the region's leading health insurance company, providing
comprehensive healthcare solutions to over 1,800,000 customers in the UAE via
the largest network of private hospitals and pharmacies available.

With affordable health insurance for people of all income levels, Daman offers
international standard healthcare insurance cover for both individuals and
companies. A 24-hour dedicated Medical Authorizations Center, staffed by a
team of doctors and nurses, ensures that patient enquiries are dealt with
speedily and efficiently using the most sophisticated technology available. A
second customer hotline, also open 24x7 and manned by multilingual staff,
guarantees that UAE residents can access information about plans and their
insurance cover whenever and wherever they want.

With an international network, Daman's customers have access to healthcare
provision in 38 countries across the world depending on the terms of their
personal cover. Customers also benefit from Daman's exclusive partnerships
with Assist America, the international emergency program, and VIPmed Almeda,
the international second medical opinion scheme, giving its customers special
access to world-leading healthcare.

Daman was awarded "Corporate Social Responsibility" in 2008 and 2009, and
"Best Medical Insurer of the Year" in March 2009 and 2007 by INSUREX, the
Middle East's leading insurance industry conference.

About Cognizant
Cognizant (Nasdaq: CTSH) is a leading provider of information technology,
consulting, and business process outsourcing services. Recognized by Fortune
Magazine as one of the World's Most Admired Companies, Cognizant's
single-minded passion is to dedicate our global technology and innovation
know-how, our industry expertise, and worldwide resources to working together
with clients to make their businesses stronger. With more than 50 global
delivery centers and approximately 63,700 employees as of March 31, 2009, we
combine a unique onsite/offshore delivery model infused by a distinct culture
of customer satisfaction. A member of the NASDAQ-100 Index and S&P 500 Index,
Cognizant is a Forbes Global 2000 company and a member of the Fortune 1000 and
is ranked among the top information technology companies in BusinessWeek's Hot
Growth and Top 50 Performers listings. Visit us online at www.cognizant.com. 

Forward-Looking Statements
This press release includes statements which may constitute forward-looking
statements made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995, the accuracy of which are
necessarily subject to risks, uncertainties, and assumptions as to future
events that may not prove to be accurate. Factors that could cause actual
results to differ materially from those expressed or implied include general
economic conditions and the factors discussed in our most recent Form 10-K and
other filings with the Securities and Exchange Commission. Cognizant
undertakes no obligation to update or revise any forward-looking statements,
whether as a result of new information, future events, or otherwise.



SOURCE  Cognizant

Catherine Marenghi, Public Relations, +1-781-223-8673,
catherine.marenghi@cognizant.com
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