Top Insurance Broker RCM&D Wins National Underwriter Agency Technology Achievement Award

ORLANDO, Fla.--(BUSINESS WIRE)-- At the ACORD LOMA Insurance Systems Forum 2009, ProspX, Inc., the leader in sales collaboration and automation solutions for the commercial insurance industry, today announced that its customer, leading insurance broker, RCM&D, is a winner of the 2009 National Underwriter Agency Technology Achievement Award. The award honors three U.S. insurance agencies for the top technical advances they have made.

“RCM&D is being recognized this year for its leadership in the implementation of Web 2.0 technologies,” noted Sam Friedman, Editor-in-Chief of National Underwriter magazine. “With a firm belief that technology functions best when everyone feels hardware and software systems are working for them--rather than the other way around--RCM&D set out to implement tech solutions that would not only streamline the labor-intensive sales process, but also promote teamwork and collaboration."

The National Underwriter Agency Technology Achievement Award recognizes the companies that are leading the industry in their use of technology. The three 2009 winners are profiled in the May 18, 2009 issue of National Underwriter Magazine.

“It’s an honor to be recognized for our commitment to innovation,” said Robert Cawley, Principal of RCM&D. “Technology has become a critical part of our strategy to differentiate our agency and provide value to our customers.”

“We’re thrilled to see RCM&D garner national recognition for its progressive adoption of industry leading technologies,” said Todd Young, President and CEO of ProspX. “By using an innovative technology platform to improve collaboration and speed the business cycle for commercial insurance, RCM&D can continue to stay ahead of the competition. We thank RCM&D for allowing ProspX the opportunity to contribute to its success.”

As a $500 billion per year market, the commercial insurance industry is highly complex and competitive and provides services for hundreds of thousands of customers worldwide. To improve the flow of business, ProspX has developed an on-demand platform that combines business social networking, search engine, and CRM technology, designed to automatically connect commercial insurance agents, brokers, and carriers at the initial point of opportunity and throughout the sales cycle.

For more information on ProspX solutions for the commercial insurance industry, visit www.prospx.com.

About RCM&D

Founded in 1885 and ranked among the top insurance brokers, RCM&D provides insurance brokerage services, risk management consulting, and employee benefit solutions to companies and organizations, as well as personal insurance to both individuals and families. RCM&D employs more than 275 people and serves clients out of their offices in Baltimore and Bethesda, MD, Richmond and Virginia Beach, VA, and Harrisburg, PA. Learn more at www.rcmd.com.

About ProspX

Built for the commercial insurance industry by insurance professionals, ProspX, Inc., headquartered in Austin, Texas, develops on-demand collaboration and automation solutions that improve productivity and streamline communications between agencies, brokers, and carriers. Combining the best of business networking and search engine technologies with simple CRM functionality, ProspX gives brokers quick and easy access to the critical internal resources available for new and renewal business, while allowing carriers the ability to elevate their message for increased visibility at the initial point of opportunity. For more information please visit www.prospx.com and follow ProspX on www.twitter.com/prospx.

ProspX is a trademark of ProspX, Inc. All other company and product names mentioned are used only for identification and may be trademarks or registered trademarks of their respective companies.

For ProspX, Inc.

Heidi Johnson, 512-493-0909

[email protected]

Source: ProspX, Inc.