INSTEC, Infinity Web Systems Form Strategic Partnership

July 16, 2001

Insurance Information Technologies, Inc. (INSTEC) and Infinity Web Systems Inc. announced a strategic partnership to address the needs of the insurance carrier marketplace. The joint product offering resulting from this partnership will combine INSTEC’s full policy rating & issuance capabilities with Infinity Web Systems’ eServices product set for rating, issuance, policy administration and certificate issuance.

INSTEC provides complete bureau-based policy rating and issuance software for all states along with the accompanying rate, rule and form maintenance. INSTEC also provides rating/issue software that is customized to a client’s unique insurance program requirements.

Infinity Web Systems is a provider of Web based software products that provide ready made rating, policy administration and claims support in the carrier market through integration to existing processing systems such as INSTEC. Infinity Web Systems technology provides full Internet-based quote submission and tracking, policy endorsements, claims support, interim payroll audits and issuance of endorsements on a real-time basis. The Internet base GUI allows for multi-layer security and customizable workflow routing of menus, transactions and outputs.

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