Perot Systems Wins Multi-Year Deal With Erie Family Life Insurance Company

PLANO, Texas, May 2 /PRNewswire-FirstCall/ -- Perot Systems Corporation today announced that Erie Family Life Insurance Company, a member of Erie Insurance Group, providing life insurance and annuity products in ten states, has signed a multi-year policy administration contract with TAG, a Perot Systems company. Terms of the agreement were not disclosed.

Under the contract, Perot Systems will consolidate Erie Family Life's four platforms to one by migrating all products to Perot Systems' LifeSys policy administration system, and will provide a broad range of policy issue and policy management services, for both active and closed policies, while Erie Family Life will retain sales service and support, claims adjudication, underwriting and actuarial responsibilities.

"Through Perot Systems' services, we expect to inject Erie Family Life with innovative approaches involving new technologies and processes that Erie Family Life cannot cost-effectively do on its own," said Mark Dombrowski, spokesperson for Erie Family Life.

This agreement is part of Erie Family Life's plan to boost its competitiveness in the life and annuity market, which includes enhancing its agent experience and continuing to ensure top-quality service for policyholders. The move is also expected to result in significant cost savings for Erie Family Life, which Dombrowski said the Company can pass along to its policyholders and prospects in the form of competitive pricing.

"With Perot Systems' scale, software platform, and processes, Erie Family Life can move faster and more efficiently. Our team also looks forward to helping make life better for Erie's Agents and customers," said Anurag Jain, president of Perot Systems' insurance and business process solutions group. "We're proud to demonstrate that our end-to-end life insurance processing capabilities can enable property and casualty companies to strengthen their life and annuity businesses with long-term, predictable costs and service levels."

Erie Family Life also plans to launch several new products throughout 2007, and will rely on Perot Systems to help launch those products quickly while also providing service and support to keep pace with the products' success.

Perot Systems provides third-party administrator (TPA) and BPO solutions, infrastructure outsourcing, and applications solutions to the life, annuity and health insurance markets.

About Erie Family Life Insurance Company

Erie Family Life Insurance Company is a member company of the Erie Insurance Group that includes the Erie Indemnity Company, Erie Insurance Exchange, Erie Insurance Company, Erie Insurance Company of New York, Flagship City Insurance Company and Erie Insurance Property and Casualty Company. Erie Family Life is rated A (Excellent) by A. M. Best Company.

According to A.M. Best Company, Erie Insurance Group, based in Erie, Pennsylvania, is the 15th largest automobile insurer in the United States based on direct premiums written and the 22nd largest property/casualty insurer in the United States based on total lines net premium written. The Group, rated A+ (Superior) by A.M. Best Company, has over 3.8 million policies in force and operates in 11 states and the District of Columbia. Erie Insurance Group ranked 463 on the FORTUNE 500 and Erie Indemnity Company is included in Forbes Magazine's PLATINUM 400 list of the best-managed companies in America.

About Perot Systems

Perot Systems is a worldwide provider of information technology services and business solutions. Through its flexible and collaborative approach, Perot Systems integrates expertise from across the company to deliver custom solutions that enable clients to accelerate growth, streamline operations and create new levels of customer value. Headquartered in Plano, Texas, Perot Systems reported 2006 revenue of $2.3 billion. The company has more than 22,000 associates located in North America, Europe, and Asia. Additional information on Perot Systems is available at http://www.perotsystems.com/ .

This press release contains forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. For factors that could affect our business and cause actual results to differ materially, please refer to our Annual Report on Form 10-K for the fiscal year ended December 31, 2006, as filed with the U.S. Securities and Exchange Commission and available at http://www.sec.gov/, as updated in our Quarterly Reports on Form 10-Q filed after such Form 10-K, for additional information regarding risk factors. We disclaim any intention or obligation to revise any forward- looking statements whether as a result of new information, future developments, or otherwise.