SeaPass Solutions Inc.

SIAA Selects the SeaPass Hub Commercial Lines Comparative Quoting Service

 

New York, NY -- (ReleaseWire) -- 03/08/2010 -- Strategic Insurance Agency Alliance (SIAA) has selected the SeaPass Hub, a real-time comparative commercial lines quoting service, as a strong option for their members.

After a careful and thorough review of all available solutions in the marketplace, SIAA has found that the SeaPass Hub provides the carrier access, reliability, ease of use and speed to enable the most efficient small business operations possible today.

Connie Bedaw at SIAA, said, “Over the past few years, SAN staff has looked at 3 different commercial lines comparative rating systems. … for some reason a good commercial lines rating system is hard to find. Recently, we completed a third-round look at the SeaPass system. They were very responsive in making tweaks to the system. We encourage our members to try this system. In this economic climate, agencies need to run as efficiently as possible. The ability to obtain multiple company quotes from one entry goes a long way towards improving efficiencies.”

Eric Gewirtzman, CEO of SeaPass, said, “We have great respect for SIAA and the business that they have built. Our collaboration with SIAA illustrates the value that entrepreneurial agents and brokers place on the technology solutions of SeaPass to provide reliable commercial lines quoting in real-time. The ability to quote all of your markets is an important element in providing the best overall choice for your client. Ease of doing business is key in today’s competitive environment and SIAA is providing exactly that with this new capability.”

“We are partnering with SIAA to help independent agents,” said Ken Winer, VP of Sales and Marketing for SeaPass. “They seek accurate, multi-carrier quoting and issuance in real-time. SeaPass will enable SIAA members to deliver better service to their clients – a key factor in an increasingly competitive marketplace.”

About SIAA
Strategic Insurance Agency Alliance (SIAA) is a national alliance with billions in combined profitable premium. SIAA utilizes its collective strength through traditional and alternative market channels for the purpose of providing insurance consumers with competitive choices in addition to providing significant profit and equity appreciation opportunities for SIAA Member Agencies. For more information on SIAA, visit http://www.siaa.net.

On SeaPass Solutions
SeaPass Solutions is headquartered in New York City. The company develops and markets solutions that enable insurance carriers, agents, brokers and wholesalers to transmit and receive data in real time. The SeaPass Hub Solution provides a real-time, single-entry multi-carrier/multi-line commercial lines comparative rating platform that leverages existing systems to interact with one another, leading to reduced costs, better new business and successful transactions. Since 2001 - SeaPass has been implementing innovative technological solutions and services at national insurance carriers, regional carriers, banks, large agencies and brokers of all sizes.

SeaPass is a privately held company. Its shareholders include Hyperion, a world-renowned merchant banking fund specializing in investments in financial services-related companies and pioneering technologies, and Platinum Neurone Ventures, a fund backed by global investors such as Bank of America, the Inter Atlantic Group and Dolphin Equity Partners both NY based investment firms. For more information about SeaPass, please visit: http://www.seapass.com.