MSB Launches Exposure Assessment Solution for Reinsurers
February 18, 2008
NEW BERLIN, WI FEBRUARY 18, 2008 MSB, the leading worldwide provider of building cost data and estimating technology to the property insurance industry, premiers a new product, ReAlignTM, at the Reinsurance Association of America's 2008 CAT Modeling conference. ReAlign marks MSB's decisive expansion into the property reinsurance marketplace with a solution designed for residential property reinsurers to better understand certain relevant exposures of cedent books of property business. Reinsurers that can predict the true exposure will gain a competitive advantage in today's market.
"The early feedback received from our business partners has been extremely positive," says Steven Brewer, Vice President of Strategic Initiatives at MSB. "Unlike the issues in the sub-prime mortgage industry where sub-prime loans are bundled into bonds that mask the true risk of the investment, today reinsurers have a way to quickly assess such things as coverage adequacy of ceded books of property business. Reinsurers that predict the relevant exposures will better understand the extent to which they may be required to pay out in CAT events."
An important benefit of ReAlign is that it solves unpredictability by analyzing the ceding companies' portfolios for coverage adequacy against MSB's industry database. Powerful property matching algorithms in ReAlign ensure accurate, like-to-like comparisons based upon recorded property characteristics. Based on the speed and capabilities of the clients' own systems, large portfolios can be analyzed in as few as five minutes. The ReAlign tool seamlessly integrates within reinsurers' internal workflows and networks, ensuring the highest level of security and confidentiality. The ReAlign benchmark data is updated semiannually.
For a demonstration or information about ReAlign reinsurance solutions, contact Tamara Coffman, 800-420-9666, Extension 8811, Tamara.Coffman@msbinfo.com, or e-mail ReAlign@msbinfo.com
About MSB
Marshall & Swift / Boeckh (MSB), an MDA company, is the leading supplier of local building cost information, residential and commercial property valuation technology and services for the property and casualty insurance sector in the United States and Canada. MSB has five offices throughout the U.S. and Canada. For information, please contact Marsha Berenson, Media Coordinator, at 800-285-1288, Ext. 2828, e-mail Marsha.Berenson@msbinfo.com, or visit MSB's Web site at www.msbinfo.com.
About MDA
MDA provides advanced information solutions that capture and process vast amounts of data, produce essential information, and improve the decision making and operational performance of business and government organizations worldwide.
Focused on markets and customers with strong repeat business potential, MDA delivers a broad spectrum of earth and space based information solutions, ranging from complex operational systems, to tailored information services, to electronic information products.
MDA employs more than 3,000 people in locations across the United States, the United Kingdom, and Canada. The Company's common shares trade on the Toronto Stock Exchange under the symbol TSX:MDA.
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