AUSTIN, TX – September 12, 2011 – ProspX, Inc., developer of the first on-demand enterprise search and sales collaboration solution for the commercial insurance industry, today announced that it has been selected as a finalist for the 2011 Entrepreneurial Insurance Award. The award is given by the Entrepreneurial Insurance Alliance (EIA) for the best new idea in insurance underwriting, technology, and distribution. ProspX was selected as a finalist based on InsiderConnect™, the latest feature of its collaboration platform.
The EIA, founded by MarketScout, is an alliance of forward thinking insurance companies interested in supporting innovation in the insurance industry. A judge's panel from the EIA chose twelve finalists from a wide range of leading insurers, agents, brokers, technology companies, and service providers.
The EIA will be naming the 2011 award winner this week at the Entrepreneurial Insurance Symposium in Dallas, Texas where each finalist will be invited to make a "shark tank" type presentation to the judge's panel during the Symposium. In addition to the panel of judges, the finalists will be presenting to the 450 attendees at the symposium enabling a blending of judges' scorecards and popular vote from the attendees.
Ideas will be judged based upon factors such as:
1. Applicability to the insurance industry
2. Impact on the broader marketplace
3. Financial implications
4. Unique features
5. Judges discretion of other relevant factors
InsiderConnect is the first electronic marketing solution that delivers targeted insurance industry, line-of-business and carrier specific news and updates to sales professionals, account managers, marketers, and customer service representatives who are actively working on related new and renewal business opportunities. With ProspX, customers can automatically begin receiving this critical intelligence via a custom e-newsletter based on pipeline data already available in Sales Cloud 2. The information received can then be easily shared with prospects and clients – a vital tool to help build credibility and strengthen client relationships.
ProspX, Inc. develops the industry leading social business platform for managing the complex, multi-party sales process of the $500 billion commercial insurance industry. Built for the commercial insurance industry by insurance professionals, the ProspX platform gives brokers quick and easy access to the critical information and resources relevant to the new and renewal business they are working on, while allowing carriers the ability to elevate their message for increased visibility at the initial point of an opportunity. For more information, please visit us at www.prospx.com, follow us on Twitter at www.twitter.com/prospx and like us on Facebook at www.facebook.com/prospx.
ProspX is a trademark of ProspX, Inc. All other company and product names mentioned are used only for identification and may be trademarks or registered trademarks of their respective companies.