Wawanesa Purchases WebWriter Inspection for Loss Control Operations

Second Major Canadian Insurer to Implement WebWriter Inspection For Streamlining Field Inspection and Underwriting Workflow

TORONTO and WINNIPEG, Jan. 5 2006 – Insurance Systems Inc. (ISI), a leading provider of web-based solutions to the global property and casualty insurance industry, today announced the sale of WebWriter Inspection to The Wawanesa Mutual Insurance Company headquartered in Winnipeg, Manitoba.

“Wawanesa is one of Canada’s leading insurers,” says Terry Neilson, President and CEO of ISI, “This sale is a strong endorsement of our vision that insurance writers and mobile insurance workers can both benefit from web-based technologies and automation.”

WebWriter Inspection streamlines the field inspection process. It allows mobile inspectors to electronically collect information, including assessment data, recommendations, digital photos and diagrams. Data is then uploaded into a central database which allows underwriters to process the information via the web. The central data repository offers data mining and reporting capabilities which have traditionally been unavailable in a paper-based environment.

Wawanesa will be using the system for loss control and inspection management throughout Canada and in their San Diego, California office to conduct loss control inspections on both commercial and personal lines risks. “By improving communication with our inspectors in the field,” says John Bjornson, Vice President of Marketing and Property Underwriting for Wawanesa. “We will be able to offer our policyholders better, faster service. Since we are a mutual insurer, our policyholders will also benefit from the efficiencies and cost savings that we plan to achieve by implementing WebWriter Inspection.”

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, Europe, the Middle East 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.

About The Wawanesa Mutual Insurance Company

Established as a mutual insurance carrier in 1896, Wawanesa is one of the leading insurance carriers in Canada. Wawanesa has 100% ownership of two subsidiary companies: Wawanesa Life and Wawanesa General. Wawanesa Mutual operates in all areas of Canada as well as California and Oregon. Wawanesa was awarded an A+ (superior) rating for its financial strength from A.M. Best Co, the world’s oldest and most authoritative insurance rating and information source.