From the Wires
Marshall & Swift/Boeckh and Multico Rating Systems, Inc. Create Once and Done Homeowners Transactions
By: PR Newswire
Jan. 9, 2013 03:08 PM
MILWAUKEE, Jan. 9, 2013 /PRNewswire/ -- Marshall & Swift/Boeckh ("MSB"), the leading provider of building cost data and estimating technology to the property insurance industry, and Multico Rating Systems, Inc., a leading provider of innovative software to the insurance industry, have entered into a partnership agreement to provide Multico-Online™ clients with the seamless integration of pre-filled property data using MSB's Residential Component Technology™ (RCT). Utilizing this technology, Multico-Online now enables real-time "once and done" Insurance to Value (ITV) processing to improve speed and workflow efficiencies, leading to greater productivity and increased revenue opportunities for agents and carriers.
For Agents, this means:
For Carriers, this means:
With this innovative solution, Multico-Online will pre fill building characteristics and other information needed for completion of homeowners insurance applications using MSB's InterChange™ service. Then, utilizing MSB's new Grand Central Express™ (GCX) web-hosted network, valuation requests will be simultaneously routed to multiple carriers on MSB web-hosted sites (RCT Express™ sites) for that agent.
"MSB is committed to solving some of the biggest challenges facing agents writing homeowners business in the marketplace today," says Jerry Fox, MSB's Vice President of Agency Operations. "With our InterChange and GCXservices, the ITV process is truly a real-time transaction. Combining Multico-Online and MSB's web-hosted network significantly enhances the rating process by expediting quoting and reducing duplicate entry errors. This is a real win-win situation for Multico's clients and the carrier network using RCT Express."
"This new integration adds tremendous value to our customers' workflow, enabling a much more seamless interview process through Multico-Online's homeowners rating component," said Charles Anderson, President of Multico Rating Systems. "The ability to receive Insurance to Value data from MSB will dramatically streamline the rating process by improving the speed and accuracy of homeowners rate generation."
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SOURCE Marshall & Swift/Boeckh
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