Vertafore Implements Marshall & Swift/Boeckh’s Grand Central Express (GCX) Network Solution [Professional Services Close – Up]

Marshall & Swift / Boeckh (MSB), announced that Vertafore PL Rating is the first comparative rater to implement its Grand Central Express (GCX) Network solution.

According to a release, integrating GCX delivers significant process automation eliminating the need for insurance agents to have to enter property data more than once into the rating system during homeowner insurance issuance. This enables carriers participating in GCX to provide their agents a seamless Insurance to Value (ITV) home cost estimate during the underwriting and binding process for homeowner insurance.

"MSB has been a strategic partner of Vertafore for many years, implementing MSB solutions into Vertafore PL Rating to improve the speed and accuracy of insurance issuance," said Dave Acker, VP of Strategic Market Development at Vertafore. "The integration aligns with our mission to transform agency and carrier workflows to help deliver increased productivity and exceptional customer experiences for agencies using PL Rating in turn providing faster and more accurate responses for their customers."

The GCX solution improves data accuracy and consistency through a single data entry process that significantly improves valuation consistency across carriers in the GCX Network allowing carriers to actively compete on rate, coverage, service, and agency relationships. In addition, this network provides better quote volume view for agents at the point of sale, further simplifying and improving their agent workflow.

"MSB continues to look for ways to support our agents and partners with products that deliver time savings and improved productivity," said Jerry Fox, VP of Agency Operations. "GCX coupled with the delivery of our Interchange pre-fill product to the agents' desktop is a major leap ahead for agents that sell property insurance."

"GCX enables an agency to transfer dwelling profile data to the carrier's RCT site in real-time, eliminating re-entry of data on the carrier's site. This avoids costly data entry errors and saves time," Fox adds. "This is a good example of how MSB is working directly with our agents and carrier partners to create an efficient once and done workflow for building valuation for our clients."

Vertafore delivers software and services such as agency management, rating and connectivity, content management and workflow, information solutions and producer lifecycle management.

Marshall & Swift/Boeckh (MSB), a Decision Insight Information Group company, is a 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.

Decision Insight Information Group, located in the U.S., Canada and Europe, delivers a range of information, infrastructure and decision support products and services for financial and legal professionals.

More Information:

decisioninsightgroup.com

vertafore.com

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