MISSISSAUGA, Ontario, March 28, 2013 /PRNewswire/ -- Marshall & Swift/Boeckh ("MSB"), the leading worldwide provider of building cost data and estimating technology to the Property Insurance industry announced today that they are launching their industry-leading Property Pre-Fill Characteristic Data in the Canadian marketplace. Property Pre-Fill Data has become the industry standard for generating new business quotes and this expansion into the Canadian market offers a broader spectrum of carriers the ability to use this Pre-Fill Data in their property book of business.
Property Pre-Fill Data now provides address-specific, home characteristic property profiles within Canada. This continually updated solution (drawing data from tax assessment) delivers value by streamlining property insurance workflows, enhancing renewal and underwriting processes and augmenting analytic studies. Property Pre-Fill also improves the efficiency of new business Replacement Cost estimating workflows by integrating property characteristic information into the point-of-sale workflow. This converts the Replacement Cost estimating paradigm from data entry to data validation, while reducing premium leakage due to missing or incorrect data entry at policy inception.
"By expanding Property Pre-Fill Data into the Canadian marketplace, an entirely new segment of the P&C Insurance Industry will now have access to MSB's unrivaled data resources," states Jerry Fox, MSB's Vice President of Agency/Broker Operations for the Canadian Market. "We are committed to positively impacting the financial performance of our clients and this expansion into Canada means increased revenue potential, better efficiency and improved ROI for this segment of the industry."
About Marshall & Swift/Boeckh (MSB)Marshall & Swift/Boeckh (MSB), a Decision Insight Information Group company, is the leading provider of building cost information, residential and commercial analytics solutions and book of business management services for the property insurance companies, financial services organizations and government entities. MSB offers the industry's most extensive and validated underwriting and claims property data. Throughout their eight decades of experience, they have compiled a strong track record of consistently developing innovative property solutions, analyzing their clients' operations and providing them with the assistance needed to dramatically improve their business results. This track record continues today as they serve as the hub for all of their clients' property needs and work tirelessly to help them maximize their profitability and achieve a competitive advantage.SOURCE Marshall & Swift/Boeckh