WebWriter Ocean Cargo Application Keeping Pace with Industry Issues

Sarbanes-Oxley Compliance and Global Terrorism among the issues addressed by the latest version

January 14, 2005 (Toronto, ON) � Insurance Systems Inc. (ISI), a leading provider of web-based solutions to the global property and casualty insurance industry, has announced the release of the 2005 version of WebWriter™ Ocean Cargo.

Among the enhancements to the fully-integrated web-based system for cargo insurance are tools to enforce internal Sarbanes-Oxley compliance in cargo insurers as well as interfaces with the Office of Foreign Asset Control (OFAC) Specially Designated Nationals (SDN) and Blocked Persons List as well as the Lloyd�s Register � Fairplay database of ocean-going vessels.

“This latest release of WebWriter Cargo shows ISI�s commitment to staying ahead of the curve when it comes to major industry issues� commented Terry Neilson, ISI President and CEO, �We have made numerous enhancements to the application in response to the market.”

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 OMMni.com 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 www.insurancesystems.ca.