ProspX Named As Finalist for 2012 Entrepreneurial Insurance Awards

AUSTIN, Texas – September 6, 2012 – ProspX, Inc., developer of the first social business platform for the commercial insurance industry, today announced that it has been selected as a finalist for the 2012 Entrepreneurial Insurance Awards. The awards are given by the Entrepreneurial Insurance Alliance (EIA) for the best new ideas in insurance underwriting, technology, and distribution. The EIA was founded by MarketScout in 2010. ProspX was selected as a finalist based on its innovative InsiderConnect™ solution.

InsiderConnect is designed to streamline communication by delivering custom insurance industry, line-of-business, and carrier specific content to brokers based on their sales pipeline and expertise. Brokers can then share relevant content within and across their business network, which is critical to staying top-of-mind with current and prospective clients and ahead of the competition. Additionally, carriers are able to target their message and content to a specific broker at the point of opportunity, leading to increased visibility, improved collaboration and more quality submissions.

The EIA will be naming the 2012 award winners at MarketScout’s 6th annual Entrepreneurial Insurance Symposium on September 11-12 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.

“We are honored to have been chosen as a finalist for this innovative award,” said Todd L. Young, president and CEO of ProspX. “Brokers are paid to know and understand their client’s business in order to provide them with the best possible coverage options. However, with so much news, research, benchmark data, and carrier information to stay on top of, it is a nearly impossible task. InsiderConnect automates this manual effort by aggregating the most relevant content from across the industry and carrier landscape, and delivering only what is important to a broker and their clients.”

To register for the 2012 Entrepreneurial Insurance Symposium or for more information, please visit http://www.einsurancesymposium.com/eis12/register.asp. For more information about ProspX solutions for the commercial insurance industry, please visit www.prospx.com.

About MarketScout

MarketScout is an insurance distribution and underwriting company headquartered in Dallas, Texas. The firm owns and operates the MarketScout Exchange as well as over 40 other online and traditional underwriting and distribution venues. In 2010, MarketScout launched MarketScout Wholesale, LLC (MSW) to complement its electronic underwriting and distribution strategy. MarketScout and MSW have offices in Arizona, Arkansas, California, Connecticut, Florida, Indiana, Illinois, Louisiana, New York, Oregon, Texas and Washington D.C. For more information, please visit us at www.marketscout.com, follow us on Twitter at www.twitter.com/marketscout and like us on Facebook at www.facebook.com/marketscout.

About ProspX

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.

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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.

Media Contact:

Jill Ford
jill.ford@prospx.com
(512) 419-9970