MFX Announces the Insurance Integration Tool, a New Data Integration Product

Morristown, NJ - June 27, 2013 - MFX has announced the creation of a unique data integration product, the MFX Insurance Integration Tool. Developed specifically for the property and casualty insurance industry, it provides a rapid means of integrating transaction data submitted by a carrier’s business partners, such as MGAs and TPAs, into the company’s premium and loss systems.

The MFX Insurance Integration Tool requires no custom coding, making it available for use by business, data and systems analysts — saving time and expense. Excel-based, designed with multiple methods for mapping using drag and drop techniques and formatted dialogues, the Insurance Integration Tool contains structural transformation processes as well as field mapping and desktop testing features.

“We are very excited to offer this new type of product,” said Raymond A. Roy, CEO of MFX. “Our Insurance Integration Tool gives analysts the freedom to integrate data when and how they need it, without having to wait for programming support. This will certainly increase a business’ efficiency, while lowering costs.”

“While developed for the property and casualty insurance industry, the MFX Insurance Integration Tool has been architected to map any data source to any data target, making the product available to the rest of the insurance industry,” he continued. “We believe the potential of the Insurance Integration Tool is virtually unlimited.”

For more information about MFX, contact Diane Phillips at 973-254-5402 or email at dphillips@mfxfairfax.com.

About MFX

Founded in 2001 as a wholly-owned subsidiary of Fairfax Financial Holdings Limited, a multi-billion dollar financial services holding company, MFX combines the deep P&C processing experience of its employees with our culture of speed and business model 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, VA and Canada. The company’s core product is the Integrated Insurance Platform, an on-demand, end-to-end P&C processing backbone, supplemented with related business process outsourcing services. MFX also performs hosting, applications, and network management for numerous global organizations. (www.www.mfxservices.com)