NEW CANAAN, Conn., April 2, 2013 (SEND2PRESS NEWSWIRE) — Prevail Consulting, Inc., a leading insurance technology and services provider, and MFX, a leading provider of hosted IT applications and outsourcing solutions for the P&C insurance industry, today announced an agreement whereby MFX will provide the Prevail Reinsurance System as a component of MFX’s Integrated Insurance Platform, a comprehensive, on-demand, end-to-end solution suite for the P&C industry. The Prevail system will also be offered as part of MFX’s Business Process Outsourcing services.
“The installation of the Prevail Reinsurance System assures Triple-S a state-of-the-art solution and the efficient streamlining of our reinsurance operations,” said Rinaldo Perez Zayas, Vice President, Information Technology, Triple-S Propiedad, Inc. “This strategic implementation allows our Information Technology Organization to focus its resources on the unique needs of our valued customers going forward.”
“At Triple-S Propiedad, we are dedicated to the benefit of our policyholders. And, it is essential that we possess the tools that allow us to serve most efficiently,” said Eva Salgado, President and CEO of Triple-S Propiedad, Inc. “We selected the Prevail Reinsurance System after reviewing of a number of reinsurance solution alternatives and based on Prevail’s proven track record of delivering technology solutions and services to Triple-S.”
The Prevail Reinsurance System fully automates the management of reinsurance data for insurance and reinsurance companies. It accepts premium and loss data from external systems, calculates ceded data, creates payables and receivables and statutory reports, and then returns this data to the original systems. Built on state-of-the-art web technology, it can be accessed from anywhere in the world. It is a robust rules-based, table-driven product which provides immediate savings by significantly increasing efficiency, improving information access and reducing total cost of ownership.
Triple-S Propiedad, Inc. provides property and casualty insurance products and services. The company was founded in 1987 and is based in Caparra Heights, Puerto Rico. Triple-S Propiedad, Inc. operates as a subsidiary of Triple-S Management Corporation.
Since 2000, Prevail has been providing reliable and innovative technology services exclusively to the insurance industry; it is clearly recognized by its clients for business expertise, commitment, and ability to deliver quality work products in a cost-effective manner, no matter how complex the requirement. In addition to The Prevail Reinsurance System, Prevail delivers Application Development and Maintenance Support; Technical Support for leading Insurance Software Products; Business Analysis; Independent Quality Testing; Data Migration and Integration; P&C Insurance System Assessment; and Business Process Outsourcing.
For more information, contact Ms. Pilar Hoyos at: 203-972-7449; or email: email@example.com or the web site: www.prevailconsulting.com.