InsWeb Contracts for InsBridge’s RateManager 2.0

June 18, 2002

Texas-based InsBridge, Inc. announced that InsWeb contracted for their web- based product, RateManager 2.0. RateManager 2.0 is the next evolution of InsBridge’s rating and underwriting product suite.

InsWeb has taken delivery of RateManager 2.0 and installed their first line of business, Personal Lines Auto in several states. “When InsWeb sought additional software applications to help streamline the automobile insurance rating process, we were impressed with the technical architecture, ease of use and robust functionality InsBridge products offered,” Lisa Costa, vice president of product & site management at InsWeb, said. “RateManager has withstood the test of providing us with the ability to build, test and implement rate plans quickly, while performing very well in a live production environment. Their technical skills, responsiveness and their knowledge of the property and casualty industry made for an easy integration.”

“We feel very pleased by the results and performance of the RateManager software solution and are happy to be part of InsWeb’s continuing evolution,” says Troy Smith, President of InsBridge.

The RateManager software solution provides integrated management for every aspect of the rate change process. The ability to calculate, store, and review changes associated with any and all coverage options, surcharges, and discounts is provided. RateManager allows business users secure access to current company rating data for the management and submission of data transactions electronically via a true browser-based interface.

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