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Insurance Systems Inc. announces commencement of phase 2 for the www.OMMni.com product

July 30,2001 -- Insurance Systems Inc. is pleased to announce that the next phase of OMMni.com has been given the go-ahead by CNA. This next phase will allow CNA to roll-out the OMMni product worldwide due to multi-language and multi-currency capability. The competitive marketplace for ocean cargo insurance requires leading edge solutions to reduce the high expense ratio traditionally associated with this line of business.

COO of ISI Terry Neilson stated " ISI is very happy that the initial phase of OMMNi has allowed CNA to reduce expenses in this line of business and that the second phase will allow implementation on a worldwide basis."