World’s Largest Independent Insurance Brokerage Partners with ProspX to Connect Brokers and Carriers Online

Business Editors/Insurance Writers

AUSTIN, Texas--(BUSINESS WIRE)--February 18, 2009--ProspX, Inc., the leader in on-demand collaboration and automation solutions for the commercial insurance industry, today announced that it has teamed with Assurex Global, which represents $28 billion in annual premium volume, to deliver Assurex Global XpertConnect™. Assurex Global is using the ProspX platform to connect brokers, agencies and carriers in over 80 countries around the world to help them collaborate in real-time online to bring maximum value to the insurance buyer.

The XpertConnect initiative leverages the ProspX collaboration engine to give brokers quick and easy access to the critical internal resources available for new and renewal business opportunities, while allowing carriers the ability to elevate their message for increased visibility. Current participants in the initiative represent some of the largest insurance organizations in the United States.

“Our mission is to help our worldwide network of agency and carrier partners to harness the best relationships, intelligence and resources available for the benefit of their clients,” said Jim Hackbarth, President and CEO of Assurex Global. “ProspX has given us the ability to create interactive industry and line-of-business focused Practice Groups that allow us to offer a shared channel for brokers, agencies and carriers to work together and improve performance. With the help of ProspX, we’re taking our mission to new heights.”

Assurex Global operates across six continents and serves over 120 independent brokers with custom programs designed to meet the specific local, regional and global needs of its clients. Through the XpertConnect initiative, participants have on-demand access to thousands of agency and carrier resources in real-time. The ProspX platform is also helping Assurex Global Partners better leverage existing technology, including various agency management and CRM systems.

“XpertConnect is one of the top initiatives at Assurex Global and we are very excited that ProspX is the technology behind it,” said Todd Young, President and CEO of ProspX. “Because we specifically designed our technology to address the complexities of today’s commercial insurance industry, organizations like Assurex Global can now successfully leverage their internal and external resources at the point of opportunity.”

About Assurex Global

Founded in 1954 and headquartered in Columbus, Ohio, Assurex Global combines the experience and expertise of 20,000 professionals in every major city on six continents. Over 110 independently owned broker Partners comprise the world’s largest privately held risk management, commercial insurance and employee benefits brokerage group, placing annual premiums of $28 billion. Assurex Global Partners—only one per market—are selected by capability, integrity, growth potential, quality and breadth of services. For a complete list of Assurex Global Partners or for more information, visit www.assurexglobal.com.

About ProspX, Inc.

Built for the insurance industry by insurance professionals, ProspX, Inc., headquartered in Austin, Texas, develops on-demand collaboration and automation solutions for the $500 billion a year commercial insurance industry that improve productivity and streamline communications between agencies, brokers and carriers. More information on ProspX is available at www.prospx.com.

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.