MSB and BuildFax Expand Strategic Partnership in Homeowners Insurance
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By incorporating BuildFax building permit data into InspectView, MSB has added a unique value layer that will help identify policies for inspections based on recent remodeling and repair events. The new, expanded partnership will allow insurance carrier clients of InspectView to benefit from this valuable dataset and fine-tune their risk management initiatives around field inspections.
"The expanded partnership makes MSB the only provider of an inspection optimization analytic solution with BuildFax building permit data. This further demonstrates MSB's investment in research and our commitment to the industry to deliver analytic solutions developed from truly differentiated datasets," states
"Our new product offering will increase actionable inspection outcomes on their homeowners renewal book and new business by targeting properties with real changes, thus making a carrier's inspection dollars more effective," states
This latest development supplements a successful collaboration between MSB and BuildFax that began in 2011 when the two organizations joined forces to develop a solution aimed at helping carriers reclaim millions in premium leakage by identifying unreported property changes along with actionable replacement value updates needed to maintain accurate Insurance to Value (ITV).
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About BuildFax
BuildFax is the creator of the first and only national database of historical building permit data. Headquartered in
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