Stamford, CT, January 30, 2006 . . . e2Value, Inc., a web-based property valuation provider, and First Internet Solutions (FIS), an application service provider (ASP) for the property and casualty insurance industry, have reached an agreement to provide a wide array of business and technology solutions to small to mid-sized insurance carriers. The deal is effective immediately.
The two companies will offer each others’ services as value added resources to new and existing customers. e2Value will refer insurance carriers that have little or no web presence to FIS for the creation of Web sites for executing the integration of e2Value valuation programs. FIS will integrate e2Value valuation programs into their Web-based personal and commercial lines quoting and policy processing applications. FIS will refer customers and prospects to e2Value seeking web-based valuation services, and will create links from carriers’ Web sites directly to e2Value, allowing for a seamless login for insurance agents. The two companies will offer packages to carriers that are just establishing a web presence.
“Working together, we are offering smaller and mid-sized insurance companies vast additional resources, quick access to a multitude of valuation programs, and workflow and Insurance-to-Value (ITV) solutions that otherwise might take months or years for them to complete on their own,” said Todd W. Rissel, chairman and CEO of e2Value, Inc.
“FIS regularly works with carriers that are looking for alternative solutions for ITV tools, and many have found e2Value to be an exceptional answer to their valuation needs,” said Brian Schaff, CPCU, Chartered Property Casualty Underwriter of FIS. “Together, we’re now offering a strong, versatile service package to a large segment of the insurance industry nationwide.”
e2Value provides insurance, banking and real estate companies nationwide with replacement cost valuations for all properties throughout the United States, with estimators focused on residential, commercial, and farm and ranch structures. The latter two offerings were launched in early 2005. The company introduced the first standardized, customizable system for insurers and the banking industry to accurately and quickly determine the individual replacement cost values of these individual properties in a way consistent with today’s technology, noted Mr. Rissel.
About e2Value, Inc.
Insurance carriers, agents, brokers and appraisers use e2Value to assess on line the value of properties in any of the 50 states, regardless of that property’s size, age or quality. Within minutes, e2Value users determine property estimates that are based not only on the qualities of the actual property, but also on up-to-date marketplace impacts such as inflation, costs of materials, labor wages and specialized components particular to both industry trends and the geographic area in which the property is based.
e2Value®, Inc. is a full-service application development, insurance consulting, strategic technology partner and provider, offering products to assist with Insurance-To-Value (ITV) and workflow solutions. Founded in 1999 by former insurance executives and based in Stamford, CT, e2Value is the leading hosted application provider delivering replacement cost valuations over the web for all residential, commercial and farm and ranch properties in the United States. The company offers full-featured, knowledge-based Internet applications for insurance, real estate and banking professionals that enable consistency and standardization of pricing, processes and procedures. e2Value provides a tool that tracks through the entire sales → valuation → final claim process via an application that maximizes the latest available technology, and provides quick and easy updates without a significant investment in software or infrastructure. Its customers range from the world’s leading insurance companies to one-person insurance agencies, as well as banks, property appraisers and risk managers. For information visit www.e2value.com, or contact sales@e2value.com or 888-371-2788.
About First Internet Solutions
Based in Sheboygan Falls, WI, First Internet Solutions, an Application Service Provider (ASP) founded in 1999, develops, supplies and manages remotely hosted, fully integrated technology application suites for the property and casualty insurance industry. These solutions substantially reduce the capital investment of software licensing and hardware. FIS charges minimal fees based on a predictable number of transactions per month, thereby affording any size carrier the technological advantages of the Internet with minimal investment.
Additional value added services of FIS include web design and hosting, complete project management, custom programming and IT outsourcing. First Internet Solutions employees are experienced on multiple platforms and databases and have an average of 12 years of property and casualty insurance experience. For information visit www.1inetsol.com, or contact info@1inetsol.com, or 920-467-1200.
NOTE TO JOURNALISTS: To arrange for a trial of e2Value services, contact Jay S. Winuk at 845-277-1160 or jay@winukpr.com to secure a user ID and password. To arrange for a trial of First Internet Solutions services, contact Kathy Schuette at 920-467-1200 Ext. 211, or kschuette@1inetsol.com to view the entire FIS suite of products and services.
