Best-of-Breed Distribution Software and Property and Casualty Processing Backbone Now Available from Single Resource
Boston — July 1, 2012 — In an effort to expand distribution channels and provide customers with an even broader solution-set, Agencyport Software, a leading provider of software and services to the global insurance and reinsurance industries, today announced a distribution agreement with MFXchange Holdings, Inc., under which this leading supplier of software and services to the property and casualty insurance markets will resell Agencyport’s major products to its client base.
As part of the agreement, MFX a wholly owned subsidiary of Fairfax Financial Holdings Limited, will re-sell AgencyPortal, AgencyConnect and BookSmart to its customers along with its core solution offering, the MFX Integrated Insurance Platform (IIP).
“There is a clear trend in insurance softwar: vendors are demonstrating a growing expertise that is making the build or buy question easier and easier to answer,” said Mike McCurley, senior vice president of global sales at Agencyport Software. “Together, Agencyport and MFX offer insurance carriers and agents in the P&C business a long-term solution that will adapt to market dynamics, and we can now create a new customer channel for Agencyport while giving MFX clients even broader solutions.”
By combining the power of these systems, MFX customers will have a complete solution for processing property and casualty business including agency interface and agent portal solutions for new business and renewals, as well as endorsements and claims.
This distribution agreement supports MFX’s global position in the marketplace across a wide range of commercial and specialty insurance products.
“Agencyport offers the leading distribution products in the market and MFX now adds this capability to its already robust end-to-end software suite that includes policy, billing, claims administration, business intelligence and rating,” said Raymond A. Roy, Chairman and CEO at MFXchange Holdings, Inc. “We believe our clients will benefit tremendously from this relationship through the use of this new suite of products.”
- Joanie Kindblade 104 West Partners Joanie.Kindblade@104west.com 720-407-6071
- Agencyport Contact: Abby Mitchell firstname.lastname@example.org 857-239-5601
About Agencyport Software Agencyport Software makes the business of insurance more efficient through technology innovation. We offer the world’s leading web-based distribution technologies, global policy administration solutions and robust business intelligence tools – a powerful mix that makes the complex business of insurance easier and smarter, and helps our customers seize opportunities and gain a competitive edge quickly. Follow Agencyport on Twitter at @Agencyport and online through our blog, Insight: An Agencyport Blog at www.agencyport.com/blog/.
About MFXchange Holdings, Inc. Founded in 2001 as a wholly-owned subsidiary of Fairfax Financial Holdings Limited, a multi-billion dollar financial services holding company, MFXchange Holdings, Inc., combines the deep P&C processing experience of its employees with a culture of speed to market and business flexibility to service both start-up and established insurers seeking to “move at the speed of opportunity.” Headquartered in Morristown, NJ, MFX has data centers in NJ and VA and operations in the U.S., Canada, Ireland and India.