2004 E-Fusion Award Recipient -
Underwriting Management

New York Central Mutual Fire Insurance Co.

The A.M. Best Co. presented New York Central Mutual Fire Insurance Co. with the E-Fusion award in the Underwriting Management category at the 2004 A.M. Best Co. Insurance and Technology Conference in Baltimore Oct. 19. The award recognizes innovation in insurance technology.

New York Central Mutual Fire Insurance Co. was recognized for its proprietary implementation of ISO's HomeValue system, which allows homeowners, underwriters, agents and third-party partners to access residential replacement valuations through a single Web-based interface.

The HomeValue system is prefilled with actual property characteristics for individual properties, so entering an address provides an instant estimate of replacement value in most cases. New York Central Mutual users can also automatically access ISO A-Plus reports, providing seamless access to claims data for underwriting decision making. Another important capability is integration of key underwriting information. The HomeValue system has increased New York Central Mutual's underwriting efficiency and reduced the possibility of inaccurate valuations due to error or data manipulation.

Read about the finalists in this category or view our press release for more award coverage in this category.