A Nationwide Network of
Premium
Audit and Loss Control
Service Companies and Carriers.

ISN, InsuranceServiceNet.com Services Are On-Line:

October 5, 2003 DALLAS/FORT WORTH, TX Ė

Today PremiumWare, Inc. is announcing the nationwide release of InsuranceServiceNet.com (ISN), the nation's premier online, transaction-based premium audit and loss control service. This new venture represents a major paradigm shift in audit and loss survey leveraging two proven enterprise applications, PremiumWare and LossWare, sophisticated workflow design and the Internet as never before. Based on operational results from current PremiumWare and LossWare clients, ISN users can anticipate increased efficiency and overall effectiveness unmatched by any other option. With ISN, previously under-served small and medium carriers as well as fee service companies can enjoy the same operational efficiency and effectiveness achieved by the largest carriers. Every aspect of this new system has been designed to provide the most cost-effective workflow management available for companies of any size.

Every company or business unit considering new technology must cost justify anticipated benefits vs. start-up and on-going support costs. Cost justification represents a substantial barrier and is frequently cited as the principal reason companies forego obtaining the most sophisticated and effective technology available. InsuranceServiceNet changes everything by specifically eliminating huge start up and ongoing support cost with its unique transaction based pricing structure. ISN users are not required to justify substantial up-front capitalized expenses or recurring software support fees providing them a major economic advantage and a straightforward cost to benefit justification. Unrestricted access to the most sophisticated and effective technology without traditional cost justification concerns enables carrier business units and service companies alike to refocus on profitability.

Business units and service providers will experience an overall boost to their effectiveness by completely consolidating fragmented management, reporting and assignment systems. The system's inherent scalability combined with its use of a secure, encrypted Internet browser front-end provides all users with flexible nationwide coverage. Carrier business units will enjoy ISN's end to end automation linking legacy systems and all associated business units increasing not only the premium audit or loss control business unitís ability to effectively respond to work assignments, but also underwriting, claims and billing. Service companies will enjoy many of the same automation benefits and work assignments will no longer be delayed by reliance on conventional paper documents. Integrated reporting features provide effective field staff management, enhanced carrier communication and streamlined billing. The automated ISN network provides a secure framework for carrier business units and service contractors to act as a single workforce providing required information, management and reporting as needed to each authenticated user.

About ISN, InsuranceServiceNet

ISN , InsuranceServiceNet - Headquartered in Dallas/Fort Worth, TX and co-located with PremiumWare and LossWare offices, is an Application Service Provider (ASP) supporting a nationwide network of premium audit and loss control service companies and carriers. Based on proven PremiumWare and LossWare software applications, the ISN solution delivers a cost effective means for carriers and fee service companies to effectively manage work assignments regionally and nationally achieving unprecedented operational efficiency and profitability. Supported by a team of dedicated and experienced programmers, ISN provides the most reliable, robust and fault tolerant ASP system for the accomplishment of premium audit and loss control available today. Information on InsuranceServiceNet can be found at www.insuranceservicenet.com or by contacting ISN directly at 817.375.9898

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