BenefitPoint Continues to Enjoy Rapid BenefitsBroker/Consultant Adoption.

Business Editors

SAN FRANCISCO--(BUSINESS WIRE)--Sept. 18, 2000

BenefitPoint Delivers Comprehensive Solution For Increased Carrier,

Employer Connectivity and Simplified Data Management

BenefitPoint, Inc., the leading employee benefits infrastructure company

for the distribution and management of group insurance and financial products, announced that seven additional brokers have selected the BenefitPoint eCommerce platform and application suite. BenefitPoint has achieved dominance in the employee benefits industry by providing clients with a complete set of B2B services that enable benefits professionals to manage the entire group health insurance and benefits lifecycle online.

The brokerage and consulting firms that have recently selected BenefitPoint include: Allied Companies, Detroit, MI, www.alcos.com; Benicor, Calverton, MD, www.benicor.com; Brown & Brown, Houston, TX, www.Brown-n-Brown.com; Bryant & Wharton Associates, Norcross, GA, www.bryantwharton.com; BWD Group Limited, Jericho, NY, www.bwdgroup.com; Greene-Hazel & Associates, Inc., Jacksonville, FL, www.greenehazel.com; J. Rolfe Davis Insurance Agency, Maitland, FL, www.jrdavis.com; McGriff Seibels & Williams, Inc., Birmingham, AL, www.mcgriff.com; and Seitlin, Fort Lauderdale, FL, www.seitlin.com.

"More and more customers are adopting the BenefitPoint solution to take advantage of the gains made possible through the use of a single, common platform serving the insurance industry from end to end," said Kurt M. de Grosz, chief sales officer and co-founder of BenefitPoint. "Our eInfrastructure delivers improved processes for each participant in the supply chain, allowing insurance carriers and brokers to share data industry-wide, as well as manage daily business processes, procurement, and communication of employee benefits products."

The $600 billion employee benefits industry touches almost everyone in America: insurers, benefits brokers and consultants, employers and the employees who receive benefits at work. Employee benefits insurance consists mainly of health, dental, vision, life and disability insurance, and 401(k) products. The inefficiencies of the industry-caused by paper-based processes, redundant data entry, and a highly fragmented distribution channel-have lead to escalating costs to employers and employees, and eroding profits for insurers and broker/consultants. BenefitPoint offers a common eCommerce platform and application suite that dramatically improves the efficiency and accuracy of the employee benefits distribution process. The platform currently supports over 3,500 group insurance products from more than 275 insurance carriers.

About BenefitPoint, Inc.

BenefitPoint, Inc. delivers the leading Internet-based employee benefits infrastructure for the distribution and management of group insurance and financial products. As the central nervous system of the employee benefits industry, BenefitPoint provides a complete set of b2b services enabling benefits professionals to manage the entire group health insurance and benefits lifecycle. Building on the existing industry relationships among carriers, brokers, employers, and employees, the BenefitPoint solution combines the efficiency of the Internet with the established distribution model of the insurance industry to eliminate paper (saving everyone time and money), to make it possible to deliver more products and services (giving everyone more choices), and to make better information available (enabling everyone to make better decisions).

Releasing its first solution in December 1999, BenefitPoint has already received widespread industry adoption from regional and national insurance carriers as well as from 120 of the leading U.S.-based brokerage and consulting firms.

The company, headquartered in San Francisco, CA, can be reached at 415.837.4120 or at www.benefitpoint.com. BenefitPoint, Inc. is privately held.

BenefitPoint is a trademark of BenefitPoint, Inc. All other company and product names mentioned here are trademarks of their respective owners.