SOURCE: AMS Services

February 21, 2008 09:15 ET

AMS Services Signs New AMS Prevail Network Partner

BOTHELL, WA--(Marketwire - February 21, 2008) - AMS Services, a leader in insurance agency automation, today announced that LG Premium Finance has joined the growing network of premium finance companies available through the AMS Prevail Network™.

LG Premium Finance provides premium financing and other financial products to insureds, agents and brokers. Their purpose is to provide superior insurance premium financing services for the insurance broker/agent community. With the AMS Prevail Network, LG Premium Finance is meeting their initiative to help brokers build a more profitable business by providing tools that make financing insurance premiums simple and convenient.

"We chose to be part of the AMS Prevail Network because it is a win-win for everyone," said Erez Golomb, CEO of LG Premium Finance. "Agencies can choose the best rates for their customers while simultaneously increasing efficiency by getting quotes from multiple premium finance companies. Meanwhile, LG Premium Finance will see an increase in business through additional exposure to the 700 agencies currently using the AMS Prevail Network to provide their insureds premium financing."

The AMS Prevail Network is an online, agent-oriented premium finance marketplace designed to provide insurance agents free, one-click access to some of the largest premium finance companies in the United States. Both agencies and premium finance companies are seeing the benefits that integrated premium financing offers. 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.

"The AMS Prevail Network improves distribution for premium finance companies while making it easier for agents to do business with them," said Kurt de Grosz, senior vice president, wholesale and connectivity solutions. "The AMS Prevail Network enables agents to make premium financing a strategic service offering with a process that is transparent while assuring quality and competitive pricing."

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 more than 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 about AMS Services, please visit www.amsservices.com.

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