Generali USA Implements INSTEC

INSTEC provides Commercial Automobile and Commercial Package for processing reverse-flow business for European-owned risks

Naperville, IL, July 17, 2006:  INSTEC, a leading provider of rating and policy administration software for the insurance industry and experts in integrated solution delivery, announces the agreement with New York, NY based Generali US Branch, a wholly owned subsidiary of Assicurazioni Generali, Inc. for implementation of INSTEC’s QuickSolver® Commercial Automobile and Commercial Package.

Generali US Branch provides policy administration services for the US-based risks of European originated insurance agreements.  Users process multi-line Commercial insurance, written in 48 states, using bureau-based rates, rules and forms.  Users also have easy access to QuickSolver’s SQL database for use with management and accounting reports as well as bureau reporting requirements.

Mauricio Caneda, Senior Vice President and CIO said "We chose INSTEC because they offer comprehensive, countrywide policy administration software out of the box. We are very satisfied with the product and the support that we have received.  They have a very knowledgeable and professional team in place. I would not hesitate to recommend INSTEC to others."

Pat Walsh, INSTEC Vice President, added, "It is a unique privilege to be chosen by a company with such international stature as Generali.   Generali’s use of QuickSolver supports our vision of being the premier rating and policy administration solution provider for all types of insurance providers."

About Assicurazioni Generali

The Generali Group is one of the most significant participants in the global insurance and financial products market. The Group's parent and principal operating Company was founded in 1831 in Trieste, Italy. Characterized from the outset by a strong international outlook and now present in 40 countries, Generali has consolidated its position among the world's leading insurance operators.

About INSTEC

Founded in 1982, INSTEC provides carriers and MGAs with comprehensive "best-of-breed" rating and policy issuance software designed for the dynamic nature of Commercial Lines.  As a Microsoft Gold Certified Partner, INSTEC continues to demonstrate their expertise in Microsoft technologies and their commitment to deliver insurance software solutions that meet the high standards expected from software products developed for Microsoft platforms, including .NET.</p>

For more information on INSTEC, please call 630-955-9200 or visit www.instec-corp.com

For more information on Generali, please call 212-602-7600 or visit www.generaliusa.com

Contact:

Susie Tahtinen
Phone: 630-799-6356
Email: [email protected]