Insurity Licenses Commercial Intellisys to New Age Brokerage

August 19, 2002

Insurity(SM), a ChoicePoint® company, has signed a licensing agreement with New Age Brokerage Inc. for its Commercial Intellisys® policy processing system. Provided through a hosted ASP infrastructure maintained by Insurity’s Outsourcing Services division, New Age Brokerage will access a customized version of the Commercial Intellisys via the Internet to rate and process policies for Commercial Property, General Liability, Inland Marine and Crime, as well as, Hired and Non-Owned Commercial Automobile coverage.

The system uses a 32-bit client/server architecture with a Windows Internet interface and features enhanced processing and rating capabilities. Insurity’s standard outsourcing services include maintenance of the hardware, software, and full regulatory maintenance based upon information from the appropriate bureaus.

“With the rapid expansion of our apartment building line of business over the last several years, we needed a system that was both highly customizable and scalable,” Richard Trezza, president, New Age Brokerage, said. “Insurity’s system not only could be fully adapted to meet our growing needs, it offered the functionality to handle multiple lines of business in multiple states. And as a hosted solution, it meant that we were up and running that much sooner.”

“Outsourcing is a clear-cut way for subscribers to either update old systems or begin to automate their policy processing,” Jeffrey Glazer, executive vice president of Insurity, commented. “Whether clients choose to use our system with a Windows or Internet-based platform, they’ll find the level of robust functionality and customization they require. Utilizing the speed-to- market benefits of our outsourcing services, New Age Brokerage will be on-line quicker and also experience drastically reduced system implementation and maintenance costs.”

Commercial Intellisys provides commercial Property & Casualty policy rating, issuance, and statistical coding for all lines of business in all 50 states.

The system can also provide MVRs, credit scores, telephone verification, and/or on-site surveys; logical information-ordering that allows underwriters to review initial information before requesting additional verification; and reference materials that provide information such as city- file features, NCCI manuals, NAIC codes, address verifications, and SICs.

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