SISTRAN and PREVAIL partner to offer Insurance Customers new products and services

Combination of Prevail Services and SISTRAN Software extend Insurance Solutions into the US and Caribbean.

December 10th, 2007. Prevail Consulting, Inc., a leading consulting and technology services company for the property and casualty insurance industry, and SISTRAN, a leading software and services provider for the insurance industry today jointly announced their partnership. The combination of Prevail services and SISTRAN solutions enables insurance organizations to leverage the existing investments in insurance specific software as they incorporate products and services delivered by this new partnership. The solutions will help insurance companies gain speed to market for new and differentiated products as they work in an efficient integrated environment with a lower TCO.

Prevail provides reliable and innovative technology services to the Property and Casualty Insurance Industry. The company is clearly recognized by clients for their business expertise, commitment and ability to deliver quality work products in a cost effective manner, no matter how complex the requirement.

"Prevail’s expertise in servicing the P&C Insurance industry and Sistran’s leading solutions combined, represent a tremendous advantage for Insurance customers looking to improve their existing IT capabilities. ” said Nat Curiale, Executive Vice President of Prevail Consulting. "I believe that Sistran’s solutions are a natural fit for the types of customers we look to support in the US and Caribbean”, he added.

Moreover, the partnership enables SISTRAN, a company with an excellent track record in insurance software, to leverage Prevail’s renowned high quality services practice for the P&C Industry. Prevail can now implement, customize, and support SISTRAN’s world-class solutions. In addition, Prevail is able to accelerate the implementation of solutions as they can rely on existing products to solve the business challenges customers present to them.

"By joining forces with Prevail, SISTRAN can substantially increase its presence as the business expands into the US and Caribbean," said Alex Pineda, SISTRAN’s Chief Executive Officer. "This partnership enables SISTRAN to bring world-class, insurance solutions to customers looking to move from their existing environments, adding a deep insight and matter of expertise from the particular market served by Prevail."

SISTRAN serves more than 100 insurance carriers, from small businesses to large enterprises. The company’s solutions allow insurers to enhance their operational and financial performance by improving the processes of risk-acceptance and loss-mitigation, automating underwriting, reducing claim cycle time, and managing increasing compliance and regulatory requirements.

About Prevail

Prevail has been providing reliable and innovative technology services exclusively to the Property and Casualty Insurance Industry since 2000. As part of its service offerings, Prevail delivers Application Development, Modification and Technical Support; Project Management; Requirements Definition; System Migration and Conversion; Quality Assurance; Technology Evaluation Analysis; Vendor Relationship Management; Workflow Analysis; Business Process Outsourcing.

Prevail is clearly recognized by clients for their business expertise, commitment and ability to deliver quality work products in a cost effective manner, no matter how complex the requirement.

For more information, see www.prevailconsulting.com

About SISTRAN

SISTRAN has been providing software solutions and services for the insurance industry since 1977. Solutions available include a rules based product designer; a policy administration system; a claims administration system; a reinsurance system; a billing, accounting and general ledger system; a mobile & wireless suite; a business intelligence and reporting system, including regulatory reporting; an electronic signature system; and a document management system. SISTRAN provides a wide range of services including: outsourcing, consulting, integration and maintenance services to carriers, MGAs and TPAs.

From small companies to multibillion-dollar enterprises in the Life and P&C industry, SISTRAN helps define insurers’ IT and operations strategies while evaluating, designing, developing, and implementing the systems and processes that best solve their business challenges.

For more information, see www.sistran.com

For further information please contact:
María Bóscolo: press@sistran.com