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FOR IMMEDIATE RELEASE
Convergent Insurance Services and ISCS Sign Agreement with CEM Insurance Company to provide Hosted Data Processing & Other Services
San Jose, California, March 17, 2009 — Convergent Insurance Services, LLC (Convergent), a leading provider of on-demand services to small and mid-size property/casualty insurance companies and program managers, and ISCS, Inc., provider of SurePower Innovation®, the insurance industry's only comprehensive, Web-enabled, pre-integrated,
policy administration systemavailable today, are pleased to announce the recent signing of an agreement to provide
hosted data processing services, including component services from ISCS's SurePower Innovation and stat reporting services, to CEM Insurance Company (CEMIC).
Successful Search for Comprehensive Insurance Solution
"Following an exhaustive search of leading insurance company IT system providers and compliance consulting services, we selected ISCS and Convergent" said Matt Wagner, chief operating officer and general counsel for CEMIC. "We felt ISCS and Convergent offered the most comprehensive solution available in the market for small to medium sized companies with significant growth initiatives."
Support to Expand Commercial Insurance Business
CEMIC is a property/casualty insurance company writing specialized commercial insurance coverages to support managing general agents (MGAs). The agreement with Convergent and ISCS will significantly increase CEMIC's ability to
- expand business lines
- serve customers
- streamline operating procedures and
- ultimately decrease operating expenses.
"We are excited about our relationship with CEMIC," said Tom Trezise, president of Convergent. "CEMIC is a solid program insurer and has great potential for growth. We are looking forward to providing the insurance technology and services to support their expansion."
Convergent and ISCS are both headquartered in San Jose, California. Convergent specializes in providing insurance consulting and technology services to insurers, program managers, and businesses supporting the insurance industry. ISCS provides cutting-edge insurance technology solutions, including
SOA-based insurance automation system SurePower Innovation, to property/casualty insurance companies, MGAs and other insurance organizations.
For further information, contact Tim Shelton, executive vice president, at 1.888.380.8901 ext 82, or
tim.shelton@convergentins.com.
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