Applied Systems Canada, Inc. Teams with AIG Credit Corp. to Provide Integrated Premium Finance to Brokerages using The Agency Manager(r)

Mississauga, Ontario Canada, October 30, 2003: Applied Systems Canada, Inc., a leading provider of insurance automation and AIG Credit Corp., member company of American International Group, Inc., announced today that they will work together to provide integration between The Agency Manager(r) (TAM) version 7.1.0 or higher and AIG Credit Corp.’s Premium Financing software, Web Quote. Applied’s XML tool kit, Applied ConneXion(r), will power the seamless integration between the Applied and AIG Credit Corp. software.

This integration will allow Applied users to quickly create Premium Finance Agreements (PFAs) in just a few simple key stokes; retrieve stored quotes and generate quote reports; view and save Premium Finance Agreements in PDF format; Email PFAs to clients; and attach PFAs to client TAM profiles on V7.1.0 or higher.

“We are excited to be working with a top notch financial service organization such as AIG Credit Corp.,” states Greg Purdy, Chief Executive Officer at Applied Systems Canada. “This partnership combines efforts to achieve a more streamlined workflow for our users. We are always looking to establish new relationships that will enhance a seamless user experience and add value to the overall brokerage distribution system.”

According to Patrick O’Neil, Canadian Regional Sales Manager at AIG Credit Corp., “Brokerages continue to demand more value from their broker management systems. The integration of the Applied and AIG Credit Corp. software allows brokers to create Premium Finance Agreements without duplicate entry, which will increase their workflow efficiency.”

About Applied Systems Canada, Inc.

Applied Systems is a leading provider of automation solutions for the property and casualty insurance industry. Since 1983, we have been developing software for independent insurance agents, brokers, managing general agents, insurance companies and other financial institutions with insurance operations, such as banks. We have helped over 10,000 clients take their operations to new levels of success with our leading management system The Agency Manager(r). The Diamond System(tm), a policy processing system for insurance companies, and our success in Electronic Data Interchange have propelled Applied Systems as the technology frontrunner of the industry. Combined with our consulting services, rating solutions and third party integration, Applied has the ability to automate the insurance transaction at every level of the distribution system.

About AIG Credit Corp.

Imperial A.I. Credit Companies, Inc. provides premium financing and other financial products to insureds, insurance agents and brokers throughout the U.S. through Imperial Premium Finance, Inc. and AI Credit Corp. (AICCO, Inc. in California). Through a nationwide network of sales offices and marketing locations, Imperial A.I. Credit Companies offers local expertise and fast, responsive service to customers and their insureds. AIG Credit Corp. of Canada offers premium financing to Canadian agents and brokers through offices in Vancouver, Montreal, and Toronto. Imperial A. I. Credit Companies, Inc. and AIG Credit Corp. of Canada are member companies of American International Group, Inc. (AIG).

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