Hooper Holmes Selected By Highland Capital Brokerage To Provide Efficient Data Acquisition And Processing Solutions

Hooper Holmes (NYSE Amex:HH) today announced an agreement with Highland Capital Brokerage, Inc., a national insurance brokerage firm, to provide efficient data acquisition and processing solutions. Together with iPipeline®, the leader in on-demand marketing, selling and processing solutions for the insurance industry, Hooper Holmes will provide Highland Capital Brokerage with a suite of services to improve Highland Capital Brokerage’s insurance e-application process. This new end-to-end solution will leverage the full breadth of Hooper Holmes’ service capabilities including Hooper Holmes’ call centers, technology platforms, paramedical examiner network, and underwriting expertise. By accessing iPipeline’s Velocity Platform, Hooper Holmes’ call center specialists will process applications using the iGO™ e-App solution.

“We are delighted to launch an insurance solution that simplifies what a financial advisor or independent producer must do to help a customer with their insurance needs,” said Rebecca Wingate, president of Highland Capital Brokerage. “Our new system has a ‘drop ticket’ experience that minimizes the data that is gathered by the financial services professional and relies on the partnership with Hooper Holmes to complete the application for the customer. We will initially launch with five insurance carriers and will expand the product offering over the next 12 months.”

“This new solution symbolizes the strengths of Hooper Holmes’ entire services portfolio and our ability to answer the specific needs of our customers,” said Dan L. Dodson, Hooper Holmes’ Senior Vice President of Life Insurance. “By leveraging our call centers, national examiner network, and partnership with iPipeline, we created a solution that will significantly improve Highland Capital Brokerage’s ability to process applications faster. We are proud to provide our services to Highland Capital Brokerage.”

Mr. Dodson continued, “This new endeavor also marks a strong partnership with iPipeline. Their innovative iGO Drop Ticket process removes many of the complexities of selling life insurance by simplifying and accelerating the application process through a proprietary, user friendly, digital solution. As technology continues to play a prominent role in the growth of the industry, Hooper Holmes is committed to working openly towards developing innovative solutions with partners like iPipeline whose core competencies directly complement those of Hooper Holmes.”

About Hooper Holmes

Hooper Holmes is a leader in collecting personal health data and transforming it into useful information, enabling customers to take actions that manage or reduce their risks and expenses. With presence in hundreds of markets and a network of thousands of examiners, Hooper Holmes can arrange a medical exam anywhere in the U.S. and deliver the results to its customers.

Hooper Holmes has four divisions. Portamedic provides a wide range of medical exam services nationwide. Heritage Labs tests millions of samples annually and helps life insurers improve underwriting performance by better applying the predictive powers of today’s tests. Hooper Holmes Health & Wellness provides a complete service for wellness, disease management, and managed care companies including scheduling support, fulfillment of supplies, blood collection kits, medical screenings, lab testing and data transmission. Hooper Holmes Services reduces the insurance sales cycle through integrated data collection, tele-interviewing and underwriting services.

About Highland Capital Brokerage

Committed to helping successful financial advisors and insurance professionals to grow their business with high net-worth clients, Highland Capital Brokerage creates trusted relationships by delivering customized insurance solutions, personalized local service and support, and superior value. HCB has differentiated itself among multi-carrier brokerage agencies through an emphasis on providing value-added marketing and point-of-sale support. HCB provides objective access to major insurance carriers, advanced planning support, expertise in risk underwriting, and back office processing to insurance brokers, financial planners, and various institutions such as banks, wirehouses, and certified public accountant firms. HCB is a wholly-owned subsidiary of National Financial Partners Corp. To learn more about Highland Capital Brokerage, visit www.highlandbrokerage.com.

This press release contains “forward-looking” statements, as such term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on the Company’s current expectations and beliefs and are subject to a number of risks, uncertainties and assumptions. Among the important factors that could cause actual results to differ materially from those expressed in, or implied by, these forward-looking statements are our ability to successfully implement our business strategy; uncertainty as to our working capital requirements over the next 12 to 24 months; our ability to maintain compliance with the financial covenant in our credit facility; our expectations regarding our operating cash flows; and the rate of life insurance application activity. Additional information about these and other factors that could affect the Company’s business is set forth in the Company’s annual report on Form 10-K for the year ended December 31, 2011, filed with the Securities and Exchange Commission on March 9, 2012. The Company undertakes no obligation to update or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this press release to reflect the occurrence of unanticipated events, except as required by law.

Copyright Business Wire 2010

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