SOURCE: AMS Services

February 22, 2007 09:06 ET

AMS Services Announces General Availability of AMS Prevail Network

New Premium Finance Companies Join Growing Network List

BOTHELL, WA -- (MARKET WIRE) -- February 22, 2007 -- AMS Services, the leader in insurance agency automation, today announced the general availability of AMS Prevail Network™, an efficient Web-based marketplace of quality premium finance companies. AMS Services also announced that BankDirect Capital Finance, UPAC®, Cananwill Premium Funding and Siuprem, Inc. have joined the growing network of premium finance companies available through the AMS Prevail Network.

The AMS Prevail Network is a free, agent-oriented premium finance marketplace designed to provide insurance agents one-click access to multiple premium finance offerings. More than 200 agencies are currently using the AMS Prevail Network for their financing needs. Agents simply launch the network from within their AMS Services management system and quotes, based on advanced finance matching rules, return in real time. Other benefits of the AMS Prevail Network include:

--  Fast, convenient finance shopping -- Key in policy data once and
    instantly receive multiple quotes.
    
--  Easy to use -- There are no separate software applications to install
    and no new tools to learn. All quotes arrive in the browser and all
    agreements are available on a single Web site.
    
--  Intuitive interface -- Set up finance companies via a single click and
    use check boxes to choose the finance options within the agency management
    system.
    
--  Reduced costs -- The AMS Prevail Network allows direct access to a
    full range of terms, rates and financial services available on the market,
    with no switching fees for changing providers.
    
--  Fully Integrated -- Agents can launch the AMS Prevail Network from
    within their AMS Services agency management system.
    
"The AMS Prevail Network makes it very easy to quote finance contracts. I did a quote on a renewal account and got it back within minutes," said Jennifer Riplie, Landry, Harris & Company. "By eliminating the duplicate work of entering information into AMS 360 and then into the AMS Prevail Network, we can save a lot of time and money. The finance companies give us access to their Web sites to quote directly but I would rather use the AMS Prevail Network because it is so much easier."

"The AMS Prevail Network is the one-stop shop for premium financing for independent agents," said Christie Zenner, Texas Hills Insurance Agency. "It's the easy way of doing business for you and your customers."

BankDirect Capital Finance, UPAC, Cananwill Premium Funding and Siuprem, Inc. are the latest premium finance companies to join the growing network. BankDirect Capital Finance offers diversified financial services nationwide. UPAC, a service and technology leader in the premium finance industry, provides one-stop online financing for commercial property and casualty insurance premiums across the United States. Cananwill Premium Funding provides full-service financing for all types of commercial property and casualty policies. Siuprem, Inc. is a full-service online premium finance company specializing in both personal and commercial policies.

"We are excited about being a member of the AMS Prevail Network. The premium finance marketplace is a creative and innovative program that will allow us to significantly increase our financing business," said Luther Grafe, executive vice-president and chief operating officer, BankDirect Capital Finance. "The AMS Prevail Network makes it easy for agents to quickly obtain multiple premium finance options for their valued clients."

"AMS Prevail Network is receiving rave reviews from both customers and premium finance companies," said Jim Harding, senior vice president of AMS Premium Finance, AMS Services. "Both sides are seeing the benefits that integrated premium financing can offer. Agencies are increasing profits and spending less time gathering quotes; while premium finance companies are seeing an increase in business because it is so easy to work with them through the network."

Availability

The AMS Prevail Network is available today. If you are an agency and would like to sign up for AMS Prevail Network, please visit www.amsservices.com/amsprevailnetworkagents. If you are a premium finance company interested in joining the growing network, please visit http://www.amsservices.com/amsprevailnetworkcompanies.

About AMS Services

Vertafore, Inc., d/b/a AMS Services is dedicated to helping independent insurance agencies achieve maximum performance and operational efficiency. The business offers a comprehensive, insurance-specific solution for managing critical business activities, including agency management, rating, benefits, performance management and carrier connectivity. With more than 150,000 users in over 15,000 agencies, as well as 600 carrier partners, AMS Services is a proven market leader providing the strategy and scalability to help independent agencies excel now and in the future. For more information on AMS Services, please visit www.amsservices.com.

AMS and Prevail Network are trademarks of Vertafore, Inc. The names of actual companies, business units and products mentioned herein are trademarks of their respective owners.

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