Exigen Insurance Solutions, Inc., an IT provider specializing inrapid implementation of new business initiatives and products forinsurance, announced its launch. Formerly operating as theinsurance solutions unit of Exigen, Ltd., Exigen InsuranceSolutions will focus on the market for its suite of insurancesolutions while tapping $10 million in new venture funding fromExigen Capital.Exigen Insurance Solutions' products and suite ofproperty/casualty business life-cycle systems for policyadministration, claims, billing, and account management allowclients to introduce modern, service-oriented solutions andaccelerate insurance product innovation.

"The insurance technology market is rich with growthopportunities," says Gwen Spertell, Exigen Insurance Solutions CEO."Exigen has been providing insurance technology solutions for overfive years. With the maturity of the solution set and the solidfoothold in the market it has earned, now is the right time toexpand its operations and broaden its solution set as anindependent entity. The new company will be more agile andresponsive to the market. From the boardroom down, Exigen InsuranceSolutions' only focus will be insurance market needs and how we canmeet and exceed them."