AgencyPort Announces Significant Upgrades to Leading Products

New AgencyPortal and AgencyConnect versions include quick quote,
data correction and interview features.
BOSTON--(Business Wire)--
AgencyPort Insurance Services, a leading provider of web-based
solutions designed specifically for property and casualty insurers,
today announced the release of enhanced versions of its two leading
products: AgencyPortal v.3.7 and AgencyConnect v.3.0. Bold new
features in both products dramatically improve the quality,
performance, and usability of the real-time solutions that AgencyPort
provides for carriers and their agents.

New AgencyPortal 3.7 features include:

-- AP QuickQuote. This 3.7 feature is designed to make it simple
for agents to generate online quotes fast--whether uploading
policy data from an agency management system or keying it in
at a carrier's site. AP QuickQuote leverages all of
AgencyPortal's features including a simple, easy-to-use web
experience and rules technology to provide a full featured AP
QuickQuote application. Used with AgencyConnect, it provides
the best "straight-to-quote" upload experience in the
industry. Other AP QuickQuote characteristics include the
ability to save and copy quotes, run underwriting rules,
provide quote letters and other documentation, interface with
company and third party data sources and allow underwriters a
view of submissions.

-- Data Correction. AgencyPortal 3.7 comes with a new, built-in
Transaction Validation engine and Data Correction capability.
With this powerful new technology, carriers can give agents a
much more streamlined new business bridging experience.
AgencyPortal can examine inbound uploaded policies to validate
the data and identify where data issues are in real time. Data
Correction routines, which are all expressed within Carrier
configurable AgencyPort Product Definition, can then be run to
correct invalid or missing data values. For example, this
helps correct mismatched policy values by rounding up (or
down) to find the best match or substitute missing values.

-- User Preferences/Defaults Support. With 3.7, agents can now
create User Preferences that can be applied to new work items
and uploaded policies. Users can save away values from a work
item and use them later as defaults when pre-filling data.
These defaults can also be used during a policy upload when
Data Corrections has not addressed all of the data issues.

New AgencyConnect 3.0 features include:

-- Data Correction. Leveraging the same powerful technology
applied in AgencyPortal 3.7, carriers using AgencyConnect 3.0
now have the ability to validate incoming policy
information--identifying where data issues are in real time.
Additionally, carriers can configure Data Correction routines
to make corrections to invalid or missing policy information.

-- Interview. While the ability to validate and correct policy
information is powerful, sometimes it isn't enough. Often an
agent needs to reconcile gaps in policy information before
that policy can be sent to its ultimate destination. To
address this need, AgencyPort has developed Interview--a
web-based application that presents agents with a succinct
overview of data gaps and guides them through the issues to
make selections quickly and efficiently.

"These and other product enhancements are the result of extensive
and ongoing research," says Eric Harnden, Chief Technology Officer at
AgencyPort. "Agent/Company workflow and efficiency are at the core of
every technology decision we make at AgencyPort. We continually ask
agents and underwriters what they need; we come back to them with
ideas; and together we test drive the products over and over until we
get it right. In the end, it means we bring to market solutions that
work in the real world."

AgencyPort (www.agencyport.com) is the leading provider of
web-based solutions designed specifically for property and casualty
insurers. Our agency portal and interface products make it easy for
agents to transact business, enhance the underwriting process and
extend the life of carrier's existing policy administration systems.
The result is a significant increase in process efficiency for both
carriers and agents. The company was founded in 2000 and is
headquartered in Boston, MA.

AgencyPort Insurance Services, Inc.
Abby Mitchell, 617-646-4550
amitchell@agencyport.com

Copyright Business Wire 2008