We needed the insurance industry expertise to assist us to understand how to make the tools work as well in insurance as they do in banking.
Middletown, CT (PRWEB) September 21, 2011
MarketStance, a recognized leader in delivering market intelligence to the insurance industry, and Oxxford Information Technology, a recognized leader in the banking and utilities industries, are pleased to announce a long-term Industry Channel Marketing Alliance. The MarketStance team of experienced insurance professionals has joined forces with Oxxford to bring OIT’s data to the insurance industry.
Both firms are recognized for their abilities to deliver market and intelligence assessment tools combined with the ability to integrate market and customer information within their respective industry channels. By combining their strengths into a formal Alliance, MarketStance will be able to leverage the wealth of resources that Oxxford possesses in the small commercial business segment along with additional risk and financial measures.
Oxxford powers its data and product offerings with cross-linked databases affectionately called “Bizzilla.” Derived from over 70 public, proprietary and third-party sources, Bizzilla can provide a total view of a business through several dimensions. More than 35 million public and private company records for both analytical and contact purposes are included…representing almost 97% of all operating companies in the US.
Their strength in the small commercial market segment allows Oxxford to link a business or businesses to its owner’s individual consumer record, or vice versa. This capability also includes the ability to identify home-based businesses…a fast growing market segment.
“We are very pleased to form this Alliance with Oxxford since it will assist MarketStance with an expanded view and more precise reporting across the small commercial marketplace,” said Jim Hearn, MarketStance’s Chief Marketing Officer. “We have been working with numerous clients in this marketspace and this enhanced data will boost our match rates that are used in our analytic services projects. As an example, we know the volume of uncovered accounts operating from home-based business is quite substantial. They mistakenly believe they are covered on their personal lines policies; by having an expanded view of this market combined with the ability to tie consumer records to home-based businesses, we’ll have an unmatched service offering that will benefit all of our clients.”
Cliff Brundage, Oxxford Executive Vice President, said, “Oxxford has long been recognized as a valuable resource in the banking industry and we’ve understood that what we have to offer could be valuable for the insurance industry. We needed the insurance industry expertise to assist us to understand how to make the tools work as well in insurance as they do in banking. We’re confident that with the knowledge of the MarketStance team, the Oxxford data will prove equally valuable to insurers. We are thrilled to have Jim Hearn and MarketStance with us in this Alliance.”
MarketStance is the leading provider of information and analytics to the insurance industry. Our validated and tested analytic techniques provide a synchronized and impartial view of the insurance marketplace to innovative insurance professionals. The majority of the Top 25 property and casualty insurance companies in the US turn to MarketStance for actionable, accessible information. For more information contact us at (888) 777-2587 or sales(at)marketstance(dot)com.
About Oxxford Information Technology
Oxxford Information Technology (http://www.oxxfordinfo.com) is headquartered in Hagaman, New York. It’s distinctive position in the information services space results from unique content and analytical assets acquired through 25 years of client engagements with the top firms in their respective industries. Oxxford’s customer base includes many of the major banks, financial service companies and Fortune 500companies, many with whom Oxxford has had ongoing relationships for many years.