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December 2, 2009

Maximum Processing Teams Up With e2Value

To integrate its real-time property valuation service into Stingray System

By CBR Staff Writer

Maximum Processing has formed an alliance with e2Value to integrate its real-time property valuation service into the Stingray System, a web-based property & casualty insurance administration solution.

The Stingray System is a policy, billing, claims and reinsurance administration system providing work-flow, imaging, third party interfaces. It comes with consumer and agent portals as well a full point of sale system.

Sean Pitcher, president and CEO of Maximum Processing, said: “In order to improve the ability for hands-free processing of risks and to facilitate accurate underwriting decisions, carriers require real-time, property valuation information. The Stingray System has addressed this problem by expanding our integration to include e2Value’s real-time property valuation reports into our web-based administration solution.

Maximum Processing is committed to improving the functionality of its products so carriers can have the latest features while providing their underwriters and agents with the ability to process business in a more efficient and economical manner. This alliance with e2Value demonstrates our continuing commitment to the users of The Stingray System.”

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Todd Rissel, chairman and CEO of e2Value, said: Until e2Value, there was no single standardized system to accurately and quickly determine replacement cost values. We are pleased with this alliance to continue expanding our service to additional carriers. Easy data integration is leading us to be the valuation provider of choice.

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