Press Release

Insuritas Client Ranks #1 Nationally in Organic P&C Sales

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Posted 03 October 2008 @ 12:46 pm ET

EAST GRANBY, Conn., Oct. 3 /PRNewswire/ -- Insuritas, the nation's leadingprovider of outsourced insurance agency solutions for financial institutionsannounced the record performance of one of its clients -- Hudson ValleyFederal Credit Union. Jeffrey Chesky, President and CEO of Insuritas noted,"We are proud to announce that one of our clients, Hudson Valley FCU is nowselling over 110 new auto and home polices per month to their members --ranking at the top of CU owned Insurance Agencies nationally." Cheskycontinued, "Since the passage of GLB the market place has been waiting to seeif financial institutions can actually create an insurance agency aisle intheir stores -- where customers embrace an understanding that along withdeposits & loans, auto, home and business insurance is now a core productoffering. With 100% of financial institutions' customers buying insurance yearin and year out and P&C insurance paying full commissions year over year,building a permanent insurance strategy can pay big dividends in building feeincome, customer wallet share and customer retention."

(Logo: http://www.newscom.com/cgi-bin/prnh/20081003/NEF039LOGO )

"Hudson Valley FCU's systematically generates over 500 referrals to theiragency every month. Today, their agency sells an average of 113 new auto, homeand commercial insurance policies every month. The 'quote to sold' ratio isover 40%. The gross commissions on these policies average over $167 perpolicy, and over 85% of these policies renew every year."

Delighted with their results, Hudson Valley FCU released a case study. Thefull case study can be found today at the Insuritas home page:www.Insuritas.com.

About Insuritas

Insuritas is the nation's leading provider of turn-key insurance agencyoutsourcing solutions for banks and credit unions nationally. Formed in 1999,Insuritas allows banks and credit unions to own a complete insurance agencyaisle in their store, without the significant capital investments required tobuild or buy an agency, or the inherent operational risks of integrating anacquisition. Financial institutions leverage the Insuritas solution to managean aisle that includes high-demand personal and commercial lines of insurancefeaturing many of the industry's leading carriers. The Insuritas turnkeysolution includes proven sales strategies, complete back-office servicesincluding billing and claims processing. More at www.insuritas.com.

SOURCE Insuritas


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