Facts & Articles On The Different Types Of Insurance

Montpelier US Insurance Company Selects Skywire Software?s iPPS as Its Policy Production Software

Addison, TX (PRWEB) March 10, 2008 -- Skywire Software, a leading global provider of software and services for the insurance industry, today announced Montpelier US Insurance Company (MUSIC) has chosen Skywire Software?s iPPS as its policy production system. iPPS will give MUSIC?s general agents (GAs) the ability to produce policies from virtually anywhere, while reducing the risk of non-compliance.

iPPS from Skywire Software is a Web-based policy production suite that enables efficient and economical policy issuance from anywhere with an Internet connection. The software simplifies the production of policies requiring many custom, user-defined transactions, such as those common among excess & surplus (E&S) lines. By using Skywire Software? iPPS, companies can cut policy issuance time by up to 70 percent and costs by up to 69 percent, all while handling more volume with existing staff.

The Web-based interface of iPPS ensures that agents always have access to the latest company forms library without the need to download and install software updates.

?We provide our general agents with a library of policy forms, and Skywire Software is their platform of choice,? said Patrick Porter, vice president and controller at MUSIC. ?The use of a Web-based policy production system is a competitive differentiator for us. Often a GA can be producing policies that are out of date because they haven?t yet downloaded and updated their forms library. With iPPS, the updates are automatic, thus reducing exposure for the agents. This will solidify MUSIC?s position as a carrier of choice among GAs.?

?iPPS empowers GAs to issue policies, endorsements and renewals in minutes, providing better service to their customers,? said Bob Steinke, vice president of product development, Skywire Software. ?Carriers who offer iPPS to their GAs gain greater reach and lower maintenance costs. They also receive policies immediately over the Web, reducing cycle times.?

With hundreds of sites installed, Skywire Sofware?s policy production software is the industry leader with one of the largest customer bases of all policy production systems. According to a recent NAPSLO survey, 67 percent of its general agent members and 62 percent of broker members use Skywire Software to issue policies. In the E&S lines market, Skywire Software is the industry standard.

Skywire Software is a leading provider of software and services to the insurance industry, serving more than 1,450 insurance companies. The company provides best-in-breed software components that extend core administration systems and assist insurers in managing the lifecycle of a policy. In addition to Skywire Software?s business and enterprise customer communications management (CCM) applications, customers also leverage the deep insurance domain knowledge and expertise of Skywire Software?s professional services team.

Skywire Software is exhibiting at the AAMGA show in Addison, Texas, March 8-11. For more information, please visit our booth or visit www.skywiresoftware.com.

About Skywire Software

Skywire Software is a leading, global software company serving the insurance, financial services, legal and professional services industries. The company develops industry-specific software products that help companies integrate processes, people and information. With products and services that span a range of key functions, including rating, rules, underwriting, business intelligence, agency management, data movement, and enterprise-wide document automation and compliance, Skywire Software is dedicated to providing an unparalleled customer experience to more than 1,450 insurance customers in 45 countries worldwide. For more information, contact Skywire Software at 1-800-735-6620 or visit www.skywiresoftware.com.

About Montpelier US Insurance Company (MUSIC)

MUSIC is an admitted insurer in the State of Oklahoma and is authorized to write Excess and Surplus lines insurance in 37 States. It has its principal office in Scottsdale, Arizona, and is an affiliate of Montpelier Re Holdings Ltd.

Through its operations in the U.S., Bermuda and Europe, the Montpelier Group provides customized, innovative, and timely reinsurance and insurance solutions to the global market. For further information about the Montpelier Group?s US operations, please visit our website at www.montpelierus.com.

Lynne Sampson

Media Relations Specialist

(506) 855-0005, ext. 521

3000 Internet Blvd.

Suite 200

Frisco, Texas 75034

Phone: 972-377-1110

Fax: 972-377-1109

http://www.skywiresoftware.com

© Skywire Software is a registered trademark. All other names, brands or products referenced are the service marks, trademarks or registered trademarks of their respective companies. All rights reserved.

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