–Premier provider of strategic outsourcing high-risk policy management for Florida Automobile Joint Underwriting Association –
Marlborough , Mass. – March 21, 2014 – Blue Cod Technologies, Inc ., a leading Strategic Insurance Outsourcing provider for the property and casualty (P&C) industry, today announced that Florida Automobile Joint Underwriting Association (FAJUA) has selected Blue Cod to support the company's automobile insurance lines.
"We were impressed with Blue Cod's ‘all hands on deck' engagement strategy, from their CEO to their seasoned call center staff", said Lisa Stoutamire, General Manager, Florida J.U.A. "By partnering with Blue Cod, we have the support and flexibility that is critical for us to effectively manage our business." Blue Cod's High Risk Automobile Solution (High Risk Pool) fits the Florida J.U.A's needs by combining BPO services, including automated billing, document management, comprehensive customer services, policy administration, and technology outsourcing (ITO) services such as hosting, rates, rules, compliance management and statutory reporting.
During the proposal stage the Florida J.U.A ran an extensive RFP process that included six outsourcing providers including Blue Cod. After much consideration, Blue Cod Technologies was awarded a full Business Process Outsourcing (BPO) and Technology (ITO) outsourcing contract. At the end of the three year period of service, the Florida J.U.A has the option to extend the service agreement for up to four years. Lisa Stoutamire ,GM at the Florida J.U.A
" We are at the early stages of implementation with Blue Cod and I am in awe of their special people and processes; I'm looking forward to a long lasting and fruitful relationship. "
Blue Cod Technologies provides high risk automobile policy outsourcing for multiple clients; they are highly experienced in the requirements and regulations that come with the needs of state-assigned automobile insurance. "The continued growth of the Blue Cod high risk automobile client group is a testament to our expertise within this under-served market," said Steve Brandt, Vice President, Sales and Marketing, Blue Cod Technologies, Inc. "Our partnership philosophy and strategic advisor strategy really resonates with our clients, and our extensive service offerings are unique throughout the property and casualty industry."
Blue Cod can support property and casualty carriers on their systems, or provide a full ITO engagement on a Blue Cod platform. Blue Cod's BPO Services enable P&C insurance carriers to outsource many labor intensive operational processes. Blue Cod can also work with carriers who are looking to acquire books of business without affecting their current daily functions, or if the carrier needs, they can handle niche lines in a manner which provides the carrier the freedom to focus on the bottom line.
About Florida Automobile Joint Underwriting Association
Founded in 1973, The Florida Automobile Joint Underwriting Association was created pursuant Sections 627.311 and 627.351, Florida Statutes, by order of the Insurance Commissioner. The Association is available to licensed drivers and vehicle owners who have been unable to purchase insurance from other companies. The FAJUA is often referred to as "The High Risk Market" or "Market of Last Resort."
About Blue Cod Technologies, Inc.
Blue Cod Technologies, Inc. is the leading provider of Strategic Outsourcing Solutions for the property and casualty (P&C) industry and addresses the support and technology needs of start-up, SMB and enterprise-class carriers in the Earthquake, Homeowner, Auto, Farm owners and Commercial Package markets. Blue Cod's team of experienced insurance, technology and implementation specialists deliver high-end insurance services at a lower operational and capital expense than can be achieved through an organization's internal staff. Blue Cod Technologies offers customers the ability to create customized solutions or take advantage of specialized programs such as High-Risk or State Assigned Auto, Coastal Homeowner, FAIR Plan Process and Earthquake coverage.
Blue Cod Technologies, Inc.