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Kerby-Reid Launches Insurance Pro-Rata App

September 20, 2011 – Toronto - Kerby-Reid has announced the launch of a mobile app to help insurance professionals calculate pro-rata and short-rate premiums.

The app, available for Blackberry and iPhone/iPad platforms, is the only mobile application of its kind, helping underwriters, agents and brokers calculate earned and unearned premiums using the standard pro-rata, “old” short-rate or short-rate 90 formulas.

There is even the ability to create your own short rate value by entering any penalty as a percentage from 1-99.

“We felt the insurance industry needed new tools to match the many technological advances that have taken place over the past decade.” Stated Chris MacKechnie, principal of Kerby-Reid. “Until now, underwriters have had to pull out an archaic plastic wheel and calculate the pro-rata themselves, or rely on clunky web-based tools. We can now place a full-functioned calculator in the pocket of every insurance professional, where it is always available.”

The calculator is more accurate than many existing variations, rounding the premium only at the final step of the calculation. Users can also select dollars ($), British pounds (£) and Euro (€) currencies.

The app is available for $2.99 on iTunes and Blackberry App World.

Kerby-Reid specializes in next-generation tools that help insurers distribute and service insurance policies more effectively. In addition to the pro-rata app, the company is also known for its Snap Insurance Platform for specialty, program and niche insurance products.

About Kerby-Reid Insurance

Kerby-Reid is dedicated to helping insurance companies live up to your clients' expectations. It is not our goal to eliminate agents and brokers – far from it. Instead we help insurers arm their sales-force with next-generation tools that satisfy their customer's expectations and allow them to focus their energy on activities that maximize their skills, expertise and relationships. We provide insurers and brokers with a portfolio of distribution tools that deliver information across the digital divide – including the Internet, omnipresent smart phones and tablet computers – safely and intuitively. www.kerbyreid.com.