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Despite an increasing demand for E&S systems that can support all of the major markets -- US, Bermuda, and the UK -- only a handful of vendors have focused on this market, and fewer still have live implementations in each

New York, Bermuda and London, August 3rd, 2009: Sword Intech, a leading global vendor of policy administration software for commercial lines insurers, today announces that it features in the most recent Novarica Market NavigatorTM for property/casualty insurers. Novarica is a leading provider of information, insights, and perspective on markets, operations and technology to insurance executives.

The Novarica Market NavigatorTM report is relied upon by insurers to help identify and better understand the breadth and capability of policy administration solutions. The report is based upon Novarica research of each vendor’s key functionality and client base.

In the report, Novarica identifies Sword Intech as one of a select number of vendors offering a full suite policy administration system for US property/casualty insurers that specialize in commercial lines.

Novarica references the extensive out-of-the-box functionality of Sword Intech’s software, which has been specifically designed to meet the needs of global and domestic commercial, E&S and specialty insurers. Combined with a high degree of configurability and reported initial implementation times of less than six months, these attributes facilitate rapid development and roll out of new products.

Chad Hersh, principal, Novarica, said: "Despite an increasing demand for E&S systems that can support all of the major markets -- US, Bermuda, and the UK -- only a handful of vendors have focused on this market, and fewer still have live implementations in each. With implementations in all three countries, Sword Intech is positioned to serve this market with a focus on large carriers."

David Warren, president, Sword Intech US, said: “Sword Intech is delighted to have been recognized for the first time in the Novarica Market NavigatorTM report, which is testament to our growing presence in both the US and Canada.”

To view a copy of the Novarica Market NavigatorTM excerpt on Sword Intech, please visit the Sword Intech website.

Ends.

Notes to Editors

About Sword Intech

Sword Intech’s next-generation policy administration system, Open Co+, is trusted by leading property and casualty (P&C), excess and surplus (E&S) and specialty insurance and reinsurance companies to reduce cost, improve operational efficiency, minimize time to market for new products and enhance user experience.

A comprehensive, end-to-end solution, Open Co+ streamlines and integrates policy generation and administration, underwriting, reinsurance, accounting and claims processing operations. Designed to be flexible, configurable and scalable, the system can be deployed rapidly across multiple lines of business, geographic locations, currencies, languages, tax and regulatory requirements, with consolidated accounting and reporting. Rules-based configurability allows new product development and product changes to be performed by users and business analysts, not programmers.

Sword Intech has offices in New York, Bermuda and London and is part of international technology company Sword Group. For more information about Sword Intech, please call (212) 279-6734, or visit the Sword Intech website at www.sword-intech.com.


About Sword Group

Sword Group (NYSE Euronext: FR0004180578 SWP) delivers high value business applications to the world’s largest companies globally. With operations in 37 countries, Sword today employs over 2000 people and generates more than €200m in consolidated revenue. An international leader in the delivery of Business Process Improvement solutions, Sword’s skills, infrastructure and experience help our customers across regulated industries optimise performance, increase efficiencies and maximise return on investment.

With flexible delivery options, including On Demand and On Premises, combined with our extensive industry expertise, Sword provides comprehensive support to customers across insurance & healthcare, energy, banking & finance, telecoms, utilities, engineering & construction and the public sector. For more information, please visit the Sword Group website at www.sword-group.com.


About Novarica

Novarica provides information, insights, and perspective on markets, operations, and technology to financial services and insurance executives and project teams. The company delivers its service through published research, retained advisory services, and project-based consulting. Novarica’s research includes market and trend analyses, best practices research, case studies, and independent analyses of software vendors. Novarica is a division of Novantas, LLC, the leading management consultancy and information services provider for the financial services industries. For more information about Novarica, please call (212) 419-2520, or visit the Novarica website at www. novarica.com.


Contact Information

Sales Contact: David Warren Tel: (212) 279-6734

Analyst Contact: Clare Dorrian Tel: (212) 279-6734

Media Contact: Jill Greenshields Tel: (212) 279-6734

This press release was distributed by ResponseSource Press Release Wire on behalf of Sword Group in the following categories: Business & Finance, Computing & Telecoms, for more information visit https://pressreleasewire.responsesource.com/about.