Marshall & Swift/Boeckh Launches the InFocus Solutions Suite to Diagnose and Fix Key Problems for Property Insurers

MILWAUKEE, July 12 /PRNewswire/ -- Marshall & Swift/Boeckh ("MSB") has launched an integrated suite of business intelligence solutions that will allow property insurers to rapidly diagnose potential concerns and act on opportunity areas within their books of business.  The integrated suite is called InFocus Solutions.  MSB has identified six important opportunity areas that property insurers' need to clearly understand and decisively act upon to help fuel measurable improvements in profitability:

• Leakage – from coverage/premium inadequacy and claims leakage
• Sales channel performance
• Risk selection
• Loss prevention/loss mitigation
• Pricing accuracy
• Lack of policy count growth

To efficiently diagnose potential performance concerns and opportunities in those areas, InFocus Solutions rapidly segments books of business by loss ratio, loss costs, retention, frequency, severity, ITV coverage adequacy and/or distribution channel performance. Within each segment, InFocus Solutions identifies the variables that are driving the results and allows the insurer to complete detailed root cause analyses, all the way down to the policy level. MSB's InFocus Industry Benchmarking solution enables carriers to compare their books to the rest of the industry while analyses on property profile distribution and coverage adequacy generate actionable insights into insurers' books.  Driven by innovative solution design, the above analyses can be completed within 60 days or less with minimal involvement from insurer IT resources.  

With InFocus Solutions, property insurers of all sizes can gain similar value from business intelligence solutions that many large insurers, in particular, have gained in other lines of business over the past few years. A typical progression has been:

• Ensure that the necessary data is accessible, accurate, and in the correct format
• Create and test valuable dashboarding/reporting capabilities on a standalone basis
• Integrate the dashboarding/reporting capabilities, once they're proven, into the core operations of the business
• Evolve to predictive modeling capabilities that predict future outcomes and also embed these into the core operations of the business

While other companies may claim to provide these types of capabilities, MSB's unique differentiators for InFocus Solutions are:

• The overall quality, breadth, and depth of the underlying property data with a data validation approach that ensures its accuracy
• MSB's unique industry database of over 30 million unique property profiles that are verified within the insurance underwriting process
• MSB's action-oriented focus.  Policy-level detail guides the right actions while MSB's full menu of solutions allows insurers to take those actions immediately

Please contact David Wagner at (262) 780-2843 to learn more about the InFocus Solutions suite and how you can partner with MSB to help grow your business.

About Marshall & Swift/Boeckh ("MSB")

Marshall & Swift/Boeckh, is an MDA company and the leading supplier of local building cost information, residential and commercial property valuation technology and services for the property and casualty insurance sector of the United States and Canada.  MSB has five offices throughout the U.S. and Canada. 

SOURCE Marshall & Swift/Boeckh