MILWAUKEE, June 20, 2013 /PRNewswire/ -- Marshall & Swift /Boeckh (MSB) and Multico Rating Systems have announced that Multico-Online™ now includes 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 homeowners agents and carriers.
This new enhancement serves as a significant milestone for Multico, as it signals a significant shift in the way agents can leverage the technology found in Multico-Online to improve rating accuracy and streamline their workflow. Agents utilizing MSB's RCT will now be able to build better property profiles and consistent property valuations, making Multico-Online more accurate than ever before.
"MSB was really the ideal partner for this initiative," said Charles Anderson, President of Multico Rating Systems. "This integration lets users receive Insurance to Value data from MSB, thereby adding tremendous value to their workflow and enabling a much more seamless interview process through Multico-Online's homeowners rating component."
With this innovative solution now going live, Multico-Online pre-fills 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, valuations are routed to the carriers that are in the MSB GCX network.
"We are constantly looking for ways to support our agents and partners with products that deliver time savings and improved productivity," said Jerry Fox, Vice President of Agency Operations. "Combining MSB's RCT and our GCX network with the delivery of Resident Component Technology to the agents' workflow is a major leap forward for independent agents that service property insurance. This is a good example of how MSB works directly with our partners to improve the overall value for their clients."
As part of the new product rollout, representatives from MSB and Multico will be hosting a series of free webinars to introduce the new technology to new and prospective users. The webinars will outline how insurance professionals can take advantage of MSB's RCT through a short demonstration followed by a question-and-answer session. Interested parties can sign up for the webinars by pointing their browsers to www.multico.com/contact/webinars.aspx.
About Multico Rating Systems
Multico Rating Systems, headquartered in Seattle, Washington, has been a pioneer in the insurance software industry since 1986. Multico specializes in point-of-sale systems for insurance carriers and comparative rating and consumer access quoting for independent agents. More information can be found at www.multico.com.
About Marshall & Swift/Boeckh
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 our 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. More information can be found at www.msbinfo.com.