MILWAUKEE, Feb. 26, 2014 /PRNewswire/ -- Marshall & Swift/Boeckh announced the release of Commercial ExpressTM, a new web-based software application that allows users to more accurately assess commercial risk. For the first time, you can get replacement value for buildings and their contents and get an overview of the financial health of a business all in one place, using a knowledge base comprised of over 95% of all operating businesses in the United States and Canada.
Commercial Express's living knowledge base of over 37 million North American businesses creates a new level of user confidence in its valuations – since they are based on the most accurate, current, complete commercial values available.
"This data behind Commercial Express gives commercial insurers more granular control over risk selection, and the ability to create more flexible coverage options," says Steve Brewer, SVP, Underwriting Solutions. "With new insights on buildings and contents and proper classification of business risk, more dynamic, best-in-class products can be created."
Commercial Express goes beyond the highly valid building values Marshall & Swift/Boeckh has always provided, adding a new level of validity by providing reliable information on commercial contents. Using its full business database, users get access to the most credible data available on a business' industry classification, number of employees, gross sales, and other firmographic information. And, a comprehensive view that includes aerial imagery, natural hazard data and overall business health provides the insight that insurers need to correctly underwrite and price commercial risk.
By inserting Commercial Express into the point-of-sale workflow, agents and underwriters can ensure that policies are issued with proper values. Commercial Express is the only solution that offers everything users need to estimate valid, complete commercial exposure, all in one platform that's streamlined to support the commercial underwriting workflow.
Marshall & Swift/Boeckh (MSB) is the leading provider of building cost solutions, book of business management services, analytics products and claims estimating technology for property insurance companies, financial services organizations and government entities. Throughout our eight decades of experience, we have compiled a strong track record of consistently developing innovative property solutions, analyzing our clients' operations and providing them with the assistance needed to dramatically improve their business results. This track record continues today as we serve as the hub for all of our client's property needs and work tirelessly to help them maximize their profitability and achieve a competitive advantage.
SOURCE Marshall & Swift/Boeckh