InsPro Technologies Announces Partnership with Patni Americas, Inc.

InsPro/Patni collaboration will provide mutual insurance clients a wider range of services, a broader resource pool, and accelerated delivery timelines

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Eddystone, PA, July 27, 2010 – InsPro Technologies (InsPro), a provider of comprehensive and flexible Life & Health insurance processing solutions, announced today a teaming agreement is in place with Patni Americas, Inc. (Patni), a leading global IT and BPO services provider. The collaborative effort will allow InsPro and Patni to leverage their complementary insurance expertise to accelerate InsPro Enterprise solution suite implementations, integrations, and conversions.

The combination of InsPro Enterprise, a flexible, end-to-end policy management and administration suite, with Patni’s broad and deep insurance industry services and proven delivery track record offers insurers a powerful and complete solution.

“Patni is continually looking to expand our insurance industry footprint and offerings by working with those vendors we believe offer high value and proven software solutions,” stated Ganesh Iyer, Senior Vice President & Global Head – BFSI, Patni. Iyer continued “We look forward to working with the InsPro team to ensure that our mutual clients receive maximum value from their InsPro Enterprise implementation.”

Commenting on the Patni/InsPro relationship, Bob Oakes President & CEO of InsPro stated, “Patni is a first rate, well respected insurance services partner that will provide InsPro and our clients greater project flexibility by leveraging Patni’s implementation, integration, and conversion expertise in concert with our own expert resources. Our clients are always striving to narrow project timelines and reduce cost without compromising the integrity of the project, and the Patni partnership strengthens our ability to support these aggressive client goals.”

InsPro Enterprise currently supports numerous insurance products, including Term and Whole Life (Long Term Care, Medicare Supplement, and Critical Illness), Disability, and Medical as well as group / worksite lines of business and other hybrid products. In addition, ongoing development through 2011 will expand InsPro Enterprise’s functionality to support a broader range of life and annuity products.

About InsPro Technologies

Based in Philadelphia and founded in 1986, InsPro Technologies is a provider of comprehensive, flexible, and innovative insurance management solutions designed specifically for Life & Health insurers, supporting both group and individual policies. Designed and developed based on proven and scalable web-based architecture, InsPro Enterprise offers an insurance-fluent configuration engine, enabling InsPro software solutions to be deployed in weeks for rapid time to value.

InsPro Technologies solutions are offered through standard software licensing, as a hosted solution, or via Software as a Service (SaaS) delivery. For additional information on InsPro Technologies and InsPro Enterprise please visit www.inspro.com.