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SAP and Partners to Co-innovate for the Insurance Industry

November 22nd, 2007

MIAMI - November 13, 2007 - Continuing to deliver on the commitment to promote ecosystem-based innovation and collaboration, SAP AG (NYSE: SAP) today announced that the industry value network (IVN) for insurance will join 13 existing industry-focused IVNs hosted by SAP. The IVN for insurance will bring together independent software vendors, system integrators and SAP to co-innovate with insurers to help them improve profits, customer relationships and their competitive position through effective applications and a flexible IT environment. Members of the IVN for insurance will initially focus on issues facing property and casualty insurers in the North American market, in the areas of claims, customer service, sales and distribution, and underwriting and policy processing. The announcement was made at the SAP Americas Insurance Forum 2007, an event providing insurance industry executives with unique networking and educational opportunities, being held in Miami, Florida, November 12-14.

http://www.sap.com/about/press/press.epx?pressid=8562

Related Links: Leading Insurance Carriers Worldwide Turn to SAP 600 Insurers and Counting Run SAP Solutions | MassMutual Goes Live on Integrated Technology Platform from SAP | Banks and Insurers Capitalize on New Business Opportunities Through Co-Innovation with SAP and Partners | Banks and Insurers Capitalize on New Business Opportunities Through Co-Innovation with SAP and Partners | Introduction - Community Project |

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