Insurance Systems Inc. Continues Expansion

Marked by Opening of Quebec Office and VP Appointment

December 15, 2004 (Toronto, ON/Montreal, QC) � Insurance Systems Inc., a leading provider of web-based solutions to the global property and casualty insurance industry, announced today the opening of it�s third worldwide office in Montreal, Quebec and the appointment of a new Vice President of Sales.

The decision to open a Montreal location comes as ISI moves into the Quebec market, including rate loading for Quebec CSIO member companies. ISI�s WebWriter� Rule Engine is the central rating engine for the comparative quoting portal with more than 35 auto and habitational rate plans loaded by ISI for Canadian insurers to date.

In further expansion efforts, Mark Mighton has been appointed to the position of Vice President of Sales. Mighton comes to ISI from DWL Inc., where he held a number of roles including Vice President of Sales, General Manager and Director of Sales within the insurance and diversified financial services division for North America and the United Kingdom. Mark will manage worldwide sales of ISI�s software solutions out of the Toronto headquarters.

�This is a very exciting time for us,� commented Terry Neilson, President and CEO of ISI, �Not only do we see some great opportunities for expansion in Quebec, but the addition of Mark to our management team will also fuel our continued growth in the rest of Canada, the United States and worldwide.�

ISI�s WebWriter™ suite of software solutions has provided the technology behind some of the insurance industry�s largest IT success stories including the President�s Choice Financial insurance portal with Aviva Canada and the popular ocean cargo insurance portal for CNA.

About Insurance Systems Inc.

Recognized as one of Canada�s fastest growing companies on the 2004 edition of the Profit 100 list, Insurance Systems Inc. (ISI) was founded in 1997 to design and build leading-edge software solutions for property and casualty insurers. Clients include multinational insurers in North America, South America, Europe and the Caribbean. The company is headquartered in Toronto, Ontario with branch offices in Montreal, Quebec and Trinidad & Tobago. For more information, visit