Comtec teams with Align360 in North America.

RICHMOND, Va. -- Property and casualty technology solutions provider, Comtec, and Align360, a leading provider of information technology and management consulting services to the insurance and financial services industries, have joined forces to deliver Comtec's Total Insurance Systems (TIS) software and Align360's world-class systems integration services to clients in the North America. As a Certified Comtec Systems Integration partner, Align360 helps clients derive significant business benefit from Comtec's Total Insurance System. Align360's depth and breadth of service and nationwide reach allow the firm to serve Comtec clients throughout North America.

Comtec's Total Insurance System (TIS) is an end-to-end solution for the P&C insurance industry. TIS supports the entire spectrum of insurance functions including: Customer Management, Underwriting, Rating, Product Definition, Policy Administration, Claims Management, Billing & Collection, Reinsurance, & Reporting. TIS's extensive table-driven structure promotes speed-to-market while providing insurance business analysts with the ability to customize the system to their company's specific needs. Consequently, TIS minimizes the cost to introduce new insurance products to the market by taking the IT effort off the critical path. Comtec's TIS solution has already been widely adopted in both Europe and the Middle East, including use by subsidiaries of AIG, Generali and Marsh.

"Utilizing Align360's extensive knowledge of both the property and casualty insurance industry and the technology services sector, Comtec looks forward to providing best in class solutions and services to property and casualty carriers in the United States, Canada and the Caribbean," said Ido Moore, Comtec's Vice President of International Sales & Marketing. "Align360's record of delivering accurate and complete property and casualty solutions highlights a mission amazingly congruent with Comtec's strategic goals and global partnerships."

Total Insurance System (TIS) on the Move

"Comtec's Total Insurance System represents a solution that will be viewed as extremely innovative and flexible, with the ability to cover the entire gamut of P&C insurance operations," said Mike Mendelson, Vice President of Align360. "The table driven structure of the software will allow clients to enjoy the ease of development that is greatly coveted in the property and casualty insurance industry. Align360 is excited about our newly formed partnership as a Certified Comtec Systems Integration partner. TIS is a very innovative product that will be well received within the industry and we are happy to be a part of the Comtec implementation team."

About Align360

Align360 (www.align360.com) is a management and technology consulting firm specializing in the insurance and banking industries. Its consultants have extensive property and casualty insurance experience and understand how technology is best utilized to support business strategies, enabling the firm to provide best-in-class services including project management, vendor selection, package implementation, legacy integration, and process re-engineering. Since its founding in 1992, Align360 has worked with leading financial services organizations throughout North America, Europe and the Caribbean to align their strategy, processes and technology to accelerate business results. Named by Ernst &Young as a 2002 Entrepreneur of the Year, Align360 is now part of Advanced Technology Systems, Inc. (ATS). Align360 employs professionals in three North American office locations including Richmond, VA, Atlanta, GA and Columbia, SC.

About Comtec

Comtec (www.comtecglobal.com), a member of the TEAM Group - one of the leading computer groups in Israel - a public company, traded on the Tel-Aviv Stock Exchange (TASE) since 1992. Comtec has led the Israeli insurance software industry for well over a decade with the majority of the insurance companies and large brokers utilizing Comtec's Total Insurance System (TIS) to manage their insurance processing activities.

Since its inception in 1976, Comtec has become a central player in the insurance software industry, helping many global and regional insurance clients gain a competitive advantage by developing, applying and implementing multi-scale software projects. Comtec combines deep insurance industry experience with state-of-the art technology and a highly dedicated, professional development team to meet the dynamic and growing needs of its diverse client base.