iter8 Announces EDI Contract with Pembridge

March, 2003 (Toronto) iter8 Incorporated has been awarded a contract for an electronic data interchange project from Pembridge Insurance Company, one of the country�s leading property and casualty insurers.

Through its communic8 solution, iter8 will give Pembridge the ability to perform CSIO EDI download through one single application. communic8 is a server-based application with an interface to CSIOnet. Data to and from the interface is seamlessly transformed into a format that can be used by multiple line of business systems. The application can be maintained by Pembridge without reliance on iter8.

communic8 provides additional benefits, through the use of XML. It can call and format any source third party report data like Global API (GAPI) and provide CSIO portal connectivity, making it exceptional in the industry. For ease of maintenance, it automatically updates the policy management systems interface to accommodate external changes, such as the addition of new data elements or codes.

�We are excited to move forward with iter8 on this advanced EDI download solution,� says Ted Carter, VP of Information Technology, Pembridge. �After an extensive search, we chose iter8 because it provides a cost effective, functional and proven EDI solution that benefits both us and our brokers.�

Bob Tisdale, President and COO of Pembridge, agrees. �Delivering value to our brokers is a guiding principle for our company. A focus on technology is one of our founding pillars, and this solution, enabling a seamless download of critical data across a variety of broker operating systems, is yet another example of how this remains an area of strength for us.�

�Our communic8 solution delivers EDI functionality on time, on scope and on budget,� says Glen Piller, iter8�s president and CEO. �This will allow Pembridge to continue to deliver outstanding service to its broker force.�

Piller notes that other insurance companies face similar situations in their EDI upload/download environment. �Many insurers struggle with high transaction costs, complex mapping changes and delays in updates to CSIO standards,� says Glen Piller, iter8�s president and CEO. �We offer a proven solution that can be implemented quickly.�

About Pembridge

Pembridge Insurance Company, with headquarters in Markham, Ontario, provides a full line of home and automobile personal lines products to Canadians, including the well-respected PAFCO brand for the specialty market. Backed by one of North America�s largest property and casualty underwriters, Pembridge delivers excellence in broker service, claims service, product development, and technological support. Innovative in approach, their revenues are over $229 million, making Pembridge Insurance Company one of the most exciting personal lines insurers in Canada today.

About iter8

Headquartered in Toronto, iter8 is a key provider of online and back office business solutions for the insurance industry. iter8 enables insurance companies to provide their distribution channels the capability to quote, bind, sell and make policy changes online in real time, while consistently applying their underwriting and rating rules. For claims, iter8�s solutions allow insurance companies to achieve superior results in loss ratios, expense costs and customer service by automating claims rules and workflow. Through iter8�s innovative Definition Driven Development (D3) methods, insurers can solve the maintenance and integration issues that multiple technologies and programming languages create, ensuring rapid implementation and quick return on investment.

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