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Ag Armour Selects Oceanwide(R) BRIDGE for Portal, Policy Administration, and Billing

Insurer Will Utilize BRIDGE to Support the Growth Objectives of Its Crop Yield Insurance Business

WASHINGTON, IL and MONTREAL, QC -- (Marketwired) -- 06/09/14 -- Oceanwide, Inc. (Oceanwide), the leading provider of completely configurable, SaaS insurance software, announced today that Ag Armour, a risk management company that creates and distributes private insurance products suited for today's growers and commercial businesses that rely on crop yields, has selected Oceanwide BRIDGE for policy administration and billing functionality, as well as a portal solution.

Ag Armour selected BRIDGE to be implemented as the company's front-end agent quoting and binding portal, as well as for rating, document generation, billing, business intelligence (BI), and reporting for crop yield products.

"We initially contacted Oceanwide to research their agent portal capabilities," said John Taylor, president and chief operating officer for Ag Armour. "We were so impressed by the proof-of-concept they designed, that we decided to partner with Oceanwide for their full billing and policy administration suite. While we were attracted by Oceanwide's history as a SaaS provider, we were equally impressed by how configurable their solutions are. With the unique seasonality of our business, we needed a system that we could launch rapidly, and increase the speed at which we can improve and optimize our products. When they were ready with a production-ready, agent-facing quoting portal in only 10 weeks, we knew we had found what we were looking for."

"We're honored that Ag Armour chose Oceanwide to be the partner that helps them meet their growth objectives and continue to change the way business is done in the agriculture insurance market," said Mitchell Wasserman, chief executive officer, Oceanwide. "We were immediately impressed with their innovative approach to the market, and their dedication to providing a superior agent and consumer experience."

About Ag Armour
Ag Armour is a risk management company that creates, and distributes private insurance products that are suited for today's growers and commercial businesses that rely on crop yields. Ag Armour strives to provide innovative risk management solutions that are designed to offer new levels of protection never before seen. Ag Armour has found a need for growers to cover the shallow loss years to help them maintain their profit margins and keep the business moving forward when they need it most. Our goal is to keep American farmers in business. For more information, please visit the company's website at www.agarmour.com.

About Oceanwide, Inc. (Oceanwide)
Founded in 1996, Oceanwide has been at the forefront of delivering SaaS insurance software for 17 years. BRIDGE, the latest offering from Oceanwide, offers a new approach to insurance policy administration systems. Designed from the ground up to be fully configured without custom programming, BRIDGE empowers insurers, MGAs, and brokers to take creative new ideas to market in weeks, not years. For additional information, please visit the Oceanwide website at www.oceanwide.com, or call (888) 289-7744.

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