LAS VEGAS, NV – May 24, 2010 – Sword AgencyPort (a Sword Group company), the leading provider of web-based, product distribution solutions to the property and casualty insurance industry, today announces that its award-winning BookSmart® solution for automated book rolling and risk analysis has been re-architected to support commercial lines of business, beginning with admitted market commercial auto in all fifty U.S. states.

First introduced to the market in 2007, BookSmart® reduces the manual effort and high costs that impeded carriers from capitalizing on book transfers opportunities. Previously carriers had to process each risk individually, typically through its point of sale web portal with enormous re-keying of data leading to unnecessary cost and high error rates.

“For carriers, BookSmart® has proven successful in reducing data entry time by 75% and seeing the cost of handling book rolls lowered to a few dollars per policy, which for a carrier handling 3,000 book rolls per year can mean a savings of $60,000 per year,” said Mason Power, VP of Product and Market Strategy for Sword AgencyPort. “BookSmart® has demonstrated quick return on investment and we are pleased to now offer the same benefits to carriers writing commercial lines.”

BookSmart® normalizes book of business data from independent agents, automatically running bulk policy data through the carriers’ underwriting rules and rating engines using the ACORD standards. Instead of manual effort being spent on re-keying of policy data, human effort is focused on using BookSmart’s advanced reporting and data manipulation tools to more quickly determine which risks are suitable. The result is a significant increase in independent agent satisfaction with carriers using BookSmart®.