Allfinanz Names Michael Scunziano as Vice President of Sales, North America.

NEW YORK -- Appointment of Mr. Scunziano strengthens Allfinanz' North American  position...organization poised for growth and increased market share

Allfinanz Inc., a leading provider of automated underwriting and intelligent new business processing software solutions for the Life insurance industry, today announced the appointment of Michael Scunziano to the position of Vice President of Sales, North America with responsibilities for the expansion of Allfinanz' North American business.

With over 20 years of experience in the insurance market, Mr. Scunziano brings a broad range of skills and a consistent track record of success to the Allfinanz organization. In addition to his insurance software Sales and Marketing experience with providers such as AMS, Navisys, PALLM and Oracle, Mr. Scunziano has also served as Vice President of E-Commerce and IT for Conseco, a Fortune 200 insurance company. While with Conseco, Mr. Scunziano spearheaded the effort to sell insurance products online, directly to the consumer, while also providing Conseco's tens of thousands of independent agents one of the industry's first agent portals.

In his new position, Mr. Scunziano will head Allfinanz' North American operation focused on the sale and service of the expertBridge product suite. Allfinanz' expertBridge is already in production use at some of the world's largest Life insurance companies, including; The Hartford, Genworth and HSBC.

Allfinanz' CEO and President, David Wall remarked, "I am very pleased that Michael has joined the Allfinanz team. The skill and experience he brings to our organization are strong assets and exactly what we need to lead our focused effort in the North American market."

Mr. Scunziano added, "I'm excited to be with an outstanding organization like Allfinanz and I look forward to helping the North American insurance market better understand the tremendous value that Allfinanz offers with the expertBridge solution and related services."

About Allfinanz' expertBridge

Allfinanz' expertBridge is a web based, rules driven automated underwriting and new business processing platform, offering Life insurance companies the opportunity to significantly reduce the time and cost of acquiring new business. The expertBridge new business and automated underwriting platform leverages rules and workflow to easily complete the application and underwriting process; delivering greater efficiency and productivity. In addition to reduced turnaround times and expenses, the improved underwriting quality and rules compliance with expertBridge drive the profitability and suitability of the business. With expertBridge, business users and underwriters can setup and manage the application, while IT can take advantage of the industry standard J2EE, XML browser based architecture to integrate the system into the insurer's complex system environments.

About Allfinanz

Allfinanz is a provider of technology-based solutions to the insurance and banking industry in both Europe and North America. Serving the industry since 1987, the Allfinanz expertBridge solution for new business processing and underwriting automation is rapidly becoming the leader in its market. Allfinanz counts many of the leading insurers, including Hartford Life, Genworth (formerly GE Financial Assurance), Travelers Life & Annuity, HSBC, and Toronto Dominion Life Insurance Company, among its clients and has been at the very core of enabling these companies to move to a Straight Through Processing (STP) environment. Allfinanz has offices in New York, London and Dublin.

For more information, visit the Allfinanz Web site at http://www.Allfinanzinc.com or call 1-888-824-2929.