March 29, 2001 — Insurance
Systems Inc‘s new flagship product
Webwriter has been completed and is ready for implementation in Europe. The multi-language, multi-currency
web application utilizes exception based underwriting to achieve large reductions in expense ratios.
COO of ISI, Terry Neilson commented ” After 9 months of development we are
happy to have the Webwriter product complete and ready for implementation. The marine insurance arena with low
premiums and high expense ratios will allow webwriter to demonstrate how pushing quoting, binding and policy
issuance out to the Broker dramatically reduces costs for Insurers. We look forward to the rollout of webwriter
this fall for commercial package policies”
