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Enservio Receives Workforce Training Grant From Mass Governor

NEEDHAM, MA -- (Marketwire) -- 01/29/13 -- Enservio (www.enservio.com), the nation's leading provider of software and services to property insurers, today announced it was the fortunate recipient of a $77,000 Massachusetts government-sponsored workforce grant which will be used to train 208 employees. The company anticipates it will add another 40 new jobs over the next two years as a result of this training program.

"We're honored to be a recipient of the Massachusetts Workforce Training grant," said Jon McNeill, Enservio CEO. "We want to do our share to make Massachusetts a great place to live and work, and to support sustainable job growth over the long term. Our company's mission is to bring normality to people who have suffered property losses and help them to get their stuff back. Currently, Enservio employees are continuing to help carriers service Superstorm Sandy victims. To date, more than 900 claims have been processed for families severely distressed by Sandy and Irene. We plan on using the funds to add at least 40 new jobs to our claims settlement business and to train another 208 employees."

Founded in 2004, Enservio has grown to more than 450 employees, processing more than $3 billion in property casualty claims and works closely with 12 of the top 15 national insurance carriers as customers.

Leveraging the most up-to-date pricing database in the industry, Enservio software ensures accurate and fair claim settlements for policyholders and carriers. More accurate claim estimations mean faster settlements for insureds.

Insurance companies use Enservio to service claims, to expedite paying claims, and to more accurately price policies based on past claims data, demographics, and social trends.

Most recently, Enservio announced a new product called ContentsITV (Insurance to Value), the industry's first and only personal property valuation system for determining accurate contents coverage for homeowners, condo owners, and renters. Instead of the traditional method of using a structural replacement cost calculation to determine contents coverage, ContentsITV provides an online tool for owners and renters to generate accurate coverage estimates and customizable home inventories based on a unique household profile.

The Patrick-Murray Administration awarded more than $6.8 million for worker training to nearly 90 Massachusetts-based companies from 70 towns and cities. Funds are designated to support up to two years' worth of training, create about 700 new jobs, and train more than 6,300 workers.

About Enservio
Enservio works on the biggest challenge in property insurance -- what's inside. We provide a complete suite of software and service solutions to help property insurance carriers price their policies correctly, settle their contents claims quickly and accurately, pay their claims, and help policyholders get their stuff back. Founded in 2004, we are headquartered near Boston, in Needham, MA with offices and professional staff across the United States. For additional information, please visit the company's web site www.enservio.com or call 888.567.7557. Connect with Enservio via LinkedIn (http://us.linkedin.com/company/enservio), Twitter (https://twitter.com/enservio), and Facebook (https://www.facebook.com/enservio).

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