ABN AMRO Insurance Arm Selects Fair Isaac Decision Tools for More Efficient Auto Insurance Underwriting

Real Seguros S.A. Becomes First Insurance Company in Latin America to Deploy Blaze Decision System for Insurance and Model Builder For Decision Trees

SAN RAFAEL, Calif., Nov. 28, 2003 -- Fair Isaac Corporation (NYSE:FIC), the leading provider of analytics and decision technology, announced today that Real Seguros S.A., a Sao Paulo, Brazil-based insurance arm of ABN AMRO Bank, N.V., one of the world's largest banking groups, will utilize Fair Isaac Blaze Decision System software and Model Builder For Decision Trees.

The integrated solution will allow Real Seguros to improve the consistency and profitability of its automobile insurance underwriting decisions using an automated platform for the application of business criteria and predictive analytics. Brazil's sixth-largest provider of auto insurance plans to apply the system's customer-level scoring along with underwriting decision criteria to simulate and refine strategies in its sales, renewals, endorsements and claims divisions, and to make more customer-centric and profitable decisions.

"Real Seguros aims to be among the most efficient and profitable insurance providers in Brazil, and comprehensive and efficient risk-based underwriting is a core priority for us," said Julio Bierrenbach, President, Real Seguros. "Among the most important factors that contributed to our selection of Fair Isaac was the high quality and flexibility of its decision tools, as well as the company's ability to apply its international expertise to delivering a solution that addresses the specific characteristics and requirements of the Brazilian market."

Brazil's auto insurance sector has experienced significant growth in recent years, resulting from an increase in car ownership, more competitive pricing by insurers, and improved awareness of insurance overall. In a market with unique challenges, Brazilian insurers experience attrition rates of 50 percent or more and are forced to charge high premiums to compensate for a high level of accidents and auto thefts.

"For the past several years, Fair Isaac has made an extraordinary investment to Brazil and Latin America as a whole and has been firmly establishing itself as the leading provider of analytics and decision technology in insurance and financial services," said Jeffrey Oulton, Vice President, Business Science, at Fair Isaac. "This agreement with Real Seguros is an important endorsement of the value our solutions provide."

Fair Isaac has become the leading supplier of banking and insurance software solutions in Latin America through relationships with its most respected banks and lenders. The company currently counts seven out of the ten largest private Brazilian banks as its customers and provides decision technology and consulting services to leading Brazilian insurers, including Itau Seguros and Liberty Paulista Seguros.

Blaze Decision System software and Model Builder For Decision Trees are offerings within the Fair Isaac Business Science(TM) suite of enterprise decision management tools. Blaze Decision System helps businesses write and execute business rules to automate decisions in any business function to insure creative and consistent customer treatment at all customer touchpoints. It is a powerful software application that works in real time to consistently and automatically make high-volume decisions that lead to improved business performance.

Model Builder provides data-driven strategy development capabilities that integrate directly with Blaze Decision System. It is a highly flexible tool for using data to visualize and design better business strategies. Model Builder analyzes historical customer data and business results, applying discovered relationships and patterns to new business transactions. The models that are developed through data analysis can be used to understand historical data and predict future customer behavior. Business analysts can refine the derived models using their expert judgment to override or adjust statistical recommendations.

About ABN AMRO/Real Seguros S.A.

ABN AMRO is a prominent international bank with origins going back to 1824. ABN AMRO ranks 11th in Europe and 23rd in the world based on Tier 1 capital. With home markets in the United States, the Netherlands and Brazil, the banking group has over 3,000 branches in more than 60 countries, a staff of over 100,000 full-time equivalents and total assets of EUR 614 billion. As the fifth biggest privately owned bank in Brazil with almost 6.7 million clients, ABN AMRO already has a powerful presence in one of the world's major developing economies. The Brazilian network extends to 1,600 branches and mini-branches and 7,200 ATMs, and is growing fast. ABN AMRO is listed on, among other exchanges, the Euronext Amsterdam, London and New York Stock Exchanges. For more information, visit www.abnamro.com.

Founded in 1969, Real Seguros S.A. became part of ABN AMRO in November 1999.

About Fair Isaac

Fair Isaac Corporation (NYSE:FIC) is the preeminent provider of creative analytics that unlock value for people, businesses and industries. The company's predictive modeling, decision analysis, intelligence management, decision management systems and consulting services power more than 25 billion mission-critical customer decisions a year. Founded in 1956, Fair Isaac helps thousands of companies in over 60 countries acquire customers more efficiently, increase customer value, reduce fraud and credit losses, lower operating expenses and enter new markets more profitably. Most leading banks and credit card issuers rely on Fair Isaac solutions, as do insurers, retailers, telecommunications providers, healthcare organizations and government agencies. Through the www.myFICO.com Web site, consumers use the company's FICO(R) scores, the standard measure of credit risk, to manage their financial health.

Forward-Looking Statements

Except for historical information contained herein, the statements contained in this press release that relate to Fair Isaac, including statements regarding its Fair Isaac Blaze Decision System for Insurance and Model Builder For Decision Trees product offerings, and the benefits to be derived from these offerings, are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including the company's ability to recruit and retain key technical and managerial personnel, the maintenance of its existing relationships with key alliance partners, its ability to continue to develop new and enhanced products and services, competition, regulatory changes applicable to the use of consumer credit and other data and other risks described from time to time in Fair Isaac's SEC reports, including its Annual Report on Form 10-K for the year ended September 30, 2003. If any of these risks or uncertainties materializes or any of these assumptions proves incorrect, Fair Isaac's results could differ materially from Fair Isaac's expectations in these statements. Fair Isaac disclaims any intent or obligation to update these forward-looking statements.

Fair Isaac, Business Science and FICO are trademarks or registered trademarks of Fair Isaac Corporation, in the United States and/or in other countries. Other product and company names herein may be the trademarks of their respective owners.

  
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