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Press release:

Ref: OGI0194
18th January 2010

Ocaso Selects Open GI For UK Full Cycle EDI Launch

Spanish personal lines insurance specialists, Ocaso, are set to expand their UK presence by partnering with Open GI to launch two new products by Full Cycle EDI.

Live in February, the standard and unoccupied home products expand the total number of Full Cycle EDI products available in the UK via Open GI.

Ocaso is one of Spain’s largest insurance companies with over 12,000 agents and 400 branches. They are rated A+ (Superior) for financial strength by A.M. Best Company, and provide property owners and investors with affordable premiums on their home insurance.

Trading in the UK since 1973, Ocaso have established a strong market presence and plan to expand this by trading electronically with Open GI brokers.

The decision to select Open GI, following a review of all major software houses, was a simple one, as Graham Kitteridge, UK General Manager of Ocaso, explains: “Our main objective is achieving a high level of customer satisfaction across a wide client base. Partnering with Open GI provides us with the opportunity to work with market leading brokers in the UK that place a significant volume of property business via Full Cycle EDI.

“Capitalising on the UK market is essential to our development plans. Our new electronic home insurance schemes will benefit brokers in terms of efficiency and will focus our attention on increasing sales.”

Jason Potter, Head of Insurer Relations, Open GI, said: “The addition of Ocaso broadens the range of products available to the 2,000 broking sites that currently use the Open GI system. We are delighted to be working with Ocaso as they further expand into the UK market. They offer a competitive product and recognise the benefits of trading business via Full Cycle EDI.”

For More Information contact:
Stacy Prosser
Marketing Team Leader
Open GI
Tel: 01905 754455
email: stacy.prosser@opengi.co.uk

Notes to Editors:

Open GI supplies market leading IT solutions to insurance brokers across the UK & Ireland. With 25,000 users in around 2,000 firms, the company has a 40% share of the UK broker market and is committed to technological innovation. Open GI technology enables personal and commercial lines brokers trading in standard and niche markets to streamline business activity and become more profitable. With a workforce of 300 people and a 30 year heritage, the company enjoys a strong financial performance. For the year ended 31 st May 2007 Open GI reported revenues of £27.3 million and an operating profit of £13.6 million.