Insurance Technology Featured Article

Homesite Group Selects Blue Cod Technologies to Manage California Earthquake Coverage

September 18, 2012

To support their commitment for tackling problems related to the U.S. homeowners’ insurance business, high fixed costs, limited distribution channels, and minimal technological innovation, Homesite Group, a provider of Managed Insurance Services for the property and casualty (P&C) industry, has selected Blue Cod to support the company's earthquake coverage in California.

"Providing our customers with quality coverage through the CEA is an important aspect of our California homeowners program," said Peter B. Settel, SVP, CIO Homesite Group, Inc. "Partnering with Blue Cod provides significant cost and resource allocation benefits compared with our current in-house solution, especially given the complexity of the highly regulated California earthquake market. We look forward to growing our relationship with Blue Cod in providing competitive and compliant earthquake coverage for our California customers”

With this deal, Homesite will become the 17th participating insurance company who will be using Blue Cod Managed CEA Solutions to get assistance with the intricate and highly regulated earthquake coverage process. The Blue Cod Managed CEA Solution provides participating insurers (PIs) with a cost effective and time saving alternative by enabling them to delegate the full CEA process to Blue Cod Technologies' team of experienced insurance professionals, allowing customers to put more focus on daily business operations with the confidence that their CEA processing function is precise, compliant, on-time and well-managed.

"The continued growth of the Blue Cod CEA client group is a testament to our expertise within this specialized market," said Simon de Montfort Walker, executive vice president, operations, Blue Cod Technologies, Inc. in a statement. "As the most focused and practiced CEA solutions provider, we can extend this experience to our client PIs, giving them the support and resources they need to offer advanced earthquake coverage."

Blue Cod solutions can be used for either project-based or fully managed CEA engagements. In addition, the company can also provide assistance to carriers that are exploring the option of joining the CEA to help them assess, plan and implement an effective in-house or hosted CEA processing solution.

Want to learn more about the latest in communications and technology? Then be sure to attend ITEXPO West 2012, taking place Oct. 2-5, in Austin, TX. Stay in touch with everything happening at ITEXPO (News - Alert). Follow us on Twitter.




Edited by Brooke Neuman

Article comments powered by Disqus

Related Insurance Technology Articles

Independence Holding Company Platform Administers Health Products on Private and Public Exchanges

As those who live in the U.S. have become more than aware in the past few years the administration of health care exchanges, be they public or private, is an extremely difficult to do not just correctly but cost-effectively as well. News from Independence Holding Company is that IHC Health Solutions, Inc., which administers multiple health insurance lines of business for IHC's carriers and other insurance companies, has launched EbixEnterprise, a state-of-the-art system in conjunction with Ebix,… [ Read More ]
02/26/2015

PROS Cameleon CPQ Provides Insurer AG2R LA MONDIALE Greater Agility and Flexibility

PROS Cameleon CPQ enables French insurance group AG2R LA MONDIALE to expand its multi-channel sales capabilities. [ Read More ]
02/25/2015

Wheelings and Dealings: New JV Acquires Tindall Associates

In terms of the other joint venture partner, LOGiQ³, it has been a partner to msg global solutions since May 2013, and is well grounded in working with TAI as it has used the TAI system for its Reinsurance Administration outsourcing business over several years as a consulting and outsourcing services provider. [ Read More ]
02/23/2015

Black Book Foresees Rise in Payer-Funded Private HIEs

A new research study from Black Book Rankings, a research institution for the clinical technology industry, explores the current state of and future predictions for health information exchanges (HIEs). HIE adoption is still quite low, but there is a growing need for providers and payers to share health information and industry consolidation is expected to lead to a mass rejection of public, government-sponsored solutions in favor of private HIEs for enterprise-grade interoperability. Furthermore… [ Read More ]
02/18/2015

Events

Weekly Live Demo
Contact Center Solutions

Register Today!