Company Profile
MSB
Company Overview
Marshall & Swift/Boeckh (MSB) is the leading provider of property valuation and related business information to government agencies, and the real estate, lending, investing, and insurance markets. Utilizing state-of-the-art databases, systems, and proprietary technologies, MSB enables enterprises to access and manage large volumes of mission-critical data.
An available portfolio of high-value analytical services provides clients with core business solutions that transform ordinary data into valuable and actionable business intelligence to provide for improved risk-based decisioning, marketing initiatives, and similar situational analysis.
Premised with the understanding that knowledge is power, MSB software and tools enable businesses to utilize their data, along with MSB provided analytics and automation to arrive at better, more consistent business decisions.
MSB is a Decision Insight Information Group company which is owned by a private equity firm, TPG Capital®. Located in the U.S., Canada and Europe, Decision Insight Information Group delivers a comprehensive range of information, infrastructure and decision support products and services for financial and legal professionals. Operating at the heart of the property industry, Decision Insight Information Group manages complex information solutions and provides clarity on decision making for buying, selling, conveyancing, financing and insurance.
Decision Insight companies include MSB and DataQuick in the U.S., Access Point Information Canada, SearchFlow, xit2 and Decision Insight Hub in the UK, Millar & Bryce in Scotland, Rochford Brady Group in the Republic of Ireland, and Wertweiser, a joint venture with HVB Bank, in Germany. Decision Insight has 1,100 employees in 16 offices. For more information, visit www.decisioninsightgroup.com.
TPG Capital® is a leading global private investment firm with over $47 billion of capital under management across a family of funds. Since the firm's founding in 1992, TPG’s investment philosophy has been to create value by investing in change - change created by industry trends, economic cycles or specific company circumstances.
EOE-M/F/D/V
Company History
1930
E.H. Boeckh is founded by Colonel Everard H. Boeckh of the Army Corps of Engineers to provide clients with expert consultation on construction methods, costs and value engineering.
1932
Marshall & Swift is founded as a publisher and source of building cost data for the insurance, construction and appraisal industries.
1936
Marshall & Swift publishes the Marshall Valuation Service followed closely by the Residential Cost Handbook. These books, which became industry standards, are still in publication today.
1940s
Burgeoning construction of “tract” homes creates a need for a simple, efficient way to calculate replacement costs. Both E.H. Boeckh and Marshall & Swift provide “square foot” and “unit count” building cost estimation guides.
1965
E. H. Boeckh & St. Paul insurance define the concept of “Insurance to Value” as a way to determine adequate coverage limits for residential and commercial structures.
1970s and 1980s
Spurred by increased business use of personal computers, Boeckh and Marshall & Swift automate their residential and commercial valuation data and methods.
1983
Recognizing that homebuilding methods had changed since the 1940s, Marshall & Swift introduces “total-component” estimating. This valuation method considers labor and materials for each unique home.
1986
Marshall & Swift’s turnkey Tele-Estimating® Services use direct mail and telephone contract techniques to “co-manage” Insurance to Value programs with carriers.
1980s – 1990s
Both companies continue technology enhancements, leading to Windows-based applications for residential and commercial Insurance-to-Value and claims estimating processes.
2001
E.H. Boeckh, Marshall & Swift and DDS merge, creating MSB, the leading provider of building cost data and estimating technology to the property insurance, appraisal, tax assessment, real estate and lending sectors in North America.
2002
MSB’s new Claims Analytics Services manages property claims severity by identifying claims best practices and correcting the adverse drivers of severity.
MSB announces a commercial Insurance- to-Value service, Commercial Tele-Estimating™ Services.
Research from MSB reveals pockets of high-worth areas where home design and lifestyles significantly increase labor and material costs as well as replacement costs.
2003
MSB’s on-line contents search engine PAWS® streamlines contents claims processing.
MSB premiers the industry’s first automated valuation tool for mobile-manufactured homes.
2004
“Total-component” claims estimating database from MSB boosts cost data localization and increases claim estimating accuracy.
MacDonald, Dettwiler & Associates (MDA), a provider of essential information solutions worldwide, purchases MSB.
2005
MSB’s on-line application RCT High-Value™ fits the special valuation requirements of high-value and custom homes.
Hazard Express™ premiers. This interactive application from MSB helps carriers prevent or mitigate losses.
MSB’s Data Assets group introduces the industry’s first Price Surge Database that predicts post-catastrophe property replacement cost volatility.
Field Information Transfer™ (FIT) technology from MSB simplifies transfer of data from field inspectors into carriers’ policy issuing systems.
MSB premiers AccuCoverage™, an on-line home valuation tool for consumers offering the same technology and data used by nearly 90% of U.S. homeowners insurers.
MSB augments the IntegriClaim estimator with “total-component” data that reflects the exclusive finishes, features and contractor operations unique to high-value and custom-built homes.
2006
MSB innovates residential quoting and underwriting with InterChange®, an on-line resource that pre-fills MSB’s home valuation applications with validated, scored home characteristic data collected from reliable third party sources
MSB Hazard Express™ geospatial Web technology integrates hazard data into underwriting and sales workflows.
2007
Risk-based modeling technology developed by MSB and actuarial firm EMB improves homeowners policy pricing by enabling the granular risk-segmentation pricing that has been successful for personal auto lines of business.
FEMA flood zone batch processing service from MSB verifies flood data for carriers in 72 hours.
MSB puts on-line rules-based underwriting decisioning combined with geospatial hazard data at the point of sale to automate consistent and profitable risk selection.
2008
MSB transforms property reinsurance with ReAlign™, the only application that predicts the degree of undervaluation in a book of business to reduce the risk inherent in reinsurance portfolio transactions.
An IntegriClaim® adjuster certification program adds a new dimension to validating the effectiveness of claims adjusters.