November 12, 2008 09:17 AM Eastern Time 

Insurance & Technology Names Progressive’s Chief Information Officer to Its Elite 8

MAYFIELD VILLAGE, Ohio--(BUSINESS WIRE)--Staying ahead of the technology curve and cultivating a work environment that encourages innovation have earned Progressive’s Chief Information Officer (CIO) Ray Voelker a spot on Insurance & Technology magazine’s 2008 Elite 8. Insurance & Technology’s Elite 8 recognizes outstanding senior technology and insurance industry analysts and consultants and officers at insurance carriers.

“Auto insurance is a very competitive business and extremely dependent on technology for day-to-day operations, but even more so in bringing distinctive product advances to the market”

“Auto insurance is a very competitive business and extremely dependent on technology for day-to-day operations, but even more so in bringing distinctive product advances to the market,” said Progressive CEO Glenn Renwick. “We’re delighted to see Ray get this recognition, reflecting his leadership of our efforts in technology.”

Progressive was the first major auto insurance company in the world to have a Web site, sell auto policies real-time online and first to feature a “Rate Ticker,” showing Progressive rates side-by-side with those of other top insurers in real-time. During Voelker’s tenure with Progressive, he has overseen the creation of two data warehouses, a new billing system, a new policy administration system and an electronic file folder system for claims adjusters in the field.

Elite 8 honorees are chosen by the magazine’s editors and a specially constituted advisory board.

About Progressive

The Progressive Group of Insurance Companies, in business since 1937, is one of the country’s largest auto insurance groups, the largest seller of motorcycle and personal watercraft policies, and a market leader in commercial auto insurance based on premiums written.

Progressive is committed to becoming consumers’ #1 choice for auto insurance by providing competitive rates and innovative products and services that meet drivers’ needs throughout their lifetimes, including superior online and in-person customer service, and best-in-class, 24-hour claims service, such as its concierge level of claims service available at service centers located in major metropolitan areas throughout the United States.

Progressive companies offer consumers choices in how to shop for, buy and manage their auto insurance policies. Progressive offers its products, including personal and commercial auto, motorcycle, boat and recreational vehicle insurance, through more than 30,000 independent insurance agencies throughout the U.S. and online and by phone directly from the Company. Private passenger auto products and prices are different when purchased directly from Progressive or through independent agencies. To find an agent or to get a quote, go to http://www.progressive.com.

The Common Shares of The Progressive Corporation, the Mayfield Village, Ohio-based holding company, are publicly traded at (NYSE:PGR).