Eagle Showcases Investment Accounting Solution for Insurance Industry at IASA Conference

BOSTON - June 6, 2005 - Eagle Investment Systems LLC is confirming its commitment to the insurance industry by demonstrating its investment accounting and reporting solution, Eagle STAR for Insurance, at the IASA Conference at the Anaheim Convention Center in Anaheim, CA from June 6-7. Insurance and technology experts from Eagle will be on hand to discuss and demonstrate its investment accounting solution for the insurance industry. Visit Eagle's Booth #659 to learn more about this solution.

"Today’s global insurance organizations are challenged to meet mandatory regulatory and management reporting requests," said David Palten, Eagle president and CEO. "While the insurance industry is very concerned with addressing these requirements, it is also focused on driving efficiencies throughout their establishments. Eagle’s Web-based insurance accounting system offers modern functionality to meet its compliance needs and provides tremendous efficiencies that aren’t supported by the older, legacy systems currently in use at many insurance companies."

Eagle’s investment accounting solution for insurance companies is designed to support statutory, GAAP and tax accounting requirements for life, property & casualty, health, fraternal and separate account portfolios. It offers a comprehensive, exception-based insurance accounting solution developed with the latest technologies to integrate with an insurance company’s existing systems infrastructure and business processes. Eagle STAR for Insurance is offered on a subscription basis, via Eagle’s application service provider (Eagle ACCESS), or on a fully outsourced basis.

Designed to improve the efficiency of its accounting and overall investment operations, Eagle’s solution for insurance provides extensive accounting capabilities and comprehensive investment instrument coverage. A scalable and flexible solution that meets current and future business requirements, Eagle STAR for Insurance allows firms to quickly implement new accounting standards that the market demands.

For multi-line or global businesses, Eagle’s technology platform can be installed in one instance to address all requirements, regardless of the global markets, multi-basis, multi-currency, or regulatory reporting needs of an organization. Leveraging a data-centric platform, Eagle delivers a fully integrated accounting and data hub/warehouse system to further drive operational efficiency.

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