MFX Selects Prevail Reinsurance System for its P&C Integrated Insurance Platform Solution

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					PRESS RELEASE: MFX Selects Prevail Reinsurance System for its Property and Casualt... Page 1 of 2




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   Insurance News


   PRESS RELEASE:


   MFX Selects Prevail Reinsurance System for its
   Property and Casualty Integrated Insurance Platform
   Solution
   Tue, 02 Apr 2013, 05:56:58 EDT


   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 integration of the Prevail Reinsurance System into MFX's robust
   end-to-end software suite aligns perfectly with our strategic focus in
   delivering world class technology and services to our clients," said
   Raymond A. Roy, Chairman and CEO at MFXchange Holdings. "After
   a thorough review of the marketplace, I believe that the Prevail
   reinsurance solution is a functionally rich addition to our suite of integrated components."

   The Prevail Reinsurance System fully automates the management of reinsurance data for insurance and reinsurance
   companies. It automatically creates cessions, payables and recoverables from direct and assumed premium and loss data and
   returns the data to the original source systems. The Prevail Reinsurance System generates and manages statutory reports,
   including Schedule F. Built on state-of-the-art web technology, it can be accessed world-wide. It is a robust rules-based, table-
   driven, multi-currency solution providing immediate savings by significantly increasing efficiency, improving information access
   and reducing total cost of ownership.

   About MFX:

   Founded in 2001 as a wholly-owned subsidiary of Fairfax Financial Holdings Limited, a multi-billion dollar financial services
   holding company, MFX Fairfax 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, N.J., MFX has data centers in N.J., Va. and Canada. MFX'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.
   For more information visit: http://www.mfxfairfax.com/ .

   About Prevail:

   Since 2000, Prevail has been providing reliable and innovative technology solutions exclusively to the insurance industry.
   Prevail is recognized by its clients for business expertise, commitment, and delivering quality work products in a cost-effective
   manner, no matter how complex the requirement. In addition to the Prevail Reinsurance System, Prevail provides Application
   Development and Support; Business Analysis; Independent Quality Testing; Data Migration and Integration; and P&C
   Insurance Systems and IT Assessment. For more information visit: http://www.prevailconsulting.com/ .




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PRESS RELEASE: MFX Selects Prevail Reinsurance System for its Property and Casualt... Page 2 of 2




   NEWS SOURCE: Prevail Consulting, Inc,

   Send2Press® is the originating wire service for this story.



   PRESS RELEASE PERMALINK:

   http://www.send2press.com/newswire/MFX-Selects-Prevail-Reinsurance-System-for-its-Property-and-Casualty-Integrated-Insurance-Platform-

   Solution_2013-04-0402-002.shtml.




   • Permanent shortlink to original copy of this release: http://goo.gl/EEZDB .


   For more information about this news release, contact Prevail Consulting, Inc, directly through their Web site found in the above press release, and
   NOT Send2Press.


   Copyright © 2013 by Send2Press® Newswire, part of the Neotrope® News Network (California, USA). All rights reserved.
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Description: 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.