Agencyport, MFX Reach Distribution Agreement.
In an effort to expand distribution channels and provide customers with an even broader solution-set, Agencyport Software, a provider of software and services to the global insurance and reinsurance industries, announce a distribution agreement withMFXchange Holdings, Inc., under which this 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.
"There is a clear trend in insurance software: vendors are demonstrating a growing expertise that is making the build or buy question easier and easier to answer," says 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."
MFX customers will have a complete solution for processing property & 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," says 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."
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|Publication:||Property and Casualty 360|
|Date:||Aug 30, 2012|
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