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Patriot Technology Solutions Selected by South Carolina State Accident Fund

Print ET | Source: Patriot National

FORT LAUDERDALE, Fla., March 27, 2017 (GLOBE NEWSWIRE) — Patriot Technology Solutions, Inc. (“Patriot Technology”), a subsidiary of Patriot National, Inc. (NYSE:PN), today announced that the South Carolina State Accident Fund (“SAF”), the leading provider of workers’ compensation insurance in South Carolina, has chosen Patriot Technology’s flagship platform, PN InsuranceExpert™, to replace and modernize its current claims, policy and forms systems.

SAF plans to implement Patriot’s entire SaaS insurance value chain software suite, including: QuoteExpert, PolicyExpert, BillingExpert, ClaimsExpert, ReinsuranceExpert, Agency Portal, Customer/Policyholder Portal, Claimant Portal, and Business Partner Portal.

“We are excited to partner with SAF on this project to replace their legacy systems with our entire value chain software suite, which is critical to operating efficiently in today’s competitive environment,” said Judith Haddad, President and CIO of Patriot Technology Solutions. “PN InsuranceExpert, along with our other core technology solutions, are the driving force behind Patriot’s unique position in the marketplace.”

“As a part of our overall commitment to the businesses and people of South Carolina, SAF sought technology-enabled innovation which would allow us to provide unmatched quality service,” said Harry Gregory, Director of the South Carolina State Accident Fund. “Modernizing our current technology with the PN InsuranceExpert solution provides us with industry leading functionality in a truly integrated platform that will improve efficiency, reporting capabilities, data security, and the overall customer experience. We are excited about the future and look forward to a long and mutually beneficial relationship with Patriot.”

About South Carolina State Accident Fund

The South Carolina State Accident Fund is the leading provider of workers' compensation insurance in South Carolina. Since 1943, SAF has provided a continuous, guaranteed source of cost effective workers' compensation coverage. Today SAF serves nearly 700 employers and 200,000 employees throughout the state.

About Patriot National

Patriot National, Inc. is a national provider of comprehensive technology and outsourcing solutions that help insurance companies and employers mitigate risk, comply with complex regulations and save time and money. Patriot National provides general agency services, technology outsourcing, software solutions, specialty underwriting and policyholder services, claims administration services, self-funded health plans and employment pre-screening services to its insurance carrier clients, employers and other clients. Patriot National is headquartered in Fort Lauderdale, Florida. For more information about Patriot National, please visit www.patnat.com.

About Patriot Technology Solutions, Inc.

Patriot Technology Solutions (Patriot Technology) is a leading provider of technology solutions for the property and casualty insurance industry. Patriot Technology focuses on insurance solutions that spotlight a full core insurance suite solution with implementation expertise and including; professional and consulting services and enterprise data analytics with a cloud-based SaaS model. Patriot Technology delivers solutions that provide carriers with premium growth, policyholder retention while lowering their cost of acquisition and reducing their overall servicing cost. Patriot Technology Solutions is headquartered in Fort Lauderdale, Florida with offices worldwide. For more information about Patriot Technology, please visit www.ptsglobal.com.

Forward Looking Statements

This press release may include statements that may be deemed to be forward-looking statements. Words such as "may," "will," "should," "likely," "anticipates," "expects," "intends," "plans," "projects," "believes," "estimates," "positioned," "outlook," "Guidance," and similar expressions are used to identify these forward-looking statements. By their nature, forward-looking statements involve risks and uncertainties, and there are important factors that could cause actual results to differ materially from those indicated in these statements. For example, our solutions may not perform as anticipated, as well as those matters contained in our filings with the Securities and Exchange Commission. Although we base these forward-looking statements on assumptions that we believe are reasonable when made, we caution you that forward-looking statements are not guarantees of future performance or events and that results may differ materially from statements made in or suggested by the forward-looking statements contained in this press release. Any forward-looking statement that we may make in this press release speaks only as of the date of such statement, and we undertake no obligation to update any forward-looking statement or to publicly announce the results of any revision to any of those statements to reflect future events or developments.

Media and Investor Contact: Cindy Campbell Director of Investor Relations Patriot National, Inc. (954) 670-2907 CCampbell@patnat.com

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