Firms seek to leverage strengths to address market opportunities
Princeton, NJ (PRWEB) April 28, 2010 — DataCede, a leading Property and Casualty Insurance operational consulting and outsourcing firm and MFX, a leading provider of hosted IT applications and outsourcing solutions for the P & C insurance industry, announce today a Joint Marketing and Consulting Agreement between the firms designed to capitalize on their respective solutions offerings to the industry.
The DataCede-MFX partnership enhances the value of MFX’s solutions by providing clients with access to DataCede’s team of professionals who possess extensive insurance industry and system implementation experience. This expertise entails broad-based P&C Business Applications Systems knowledge including comprehensive Reinsurance experience in Contract and Treaty Management, Financial Analysis, Coverage Interpretation, Catastrophe Exposure Analysis, Reinsurance Billing and Accounting. Further, DataCede has experience in Business Process Outsourcing (BPO) Management, including Regulatory Reporting and Compliance and are experts in the development and implementation of Information Dashboards and Business Reporting tools. In turn, the comprehensive Strategic Insurance Solutions of MFX provide expanded offerings that enhance DataCede’s existing suite of business analysis tools and industry-proven methodologies. This partnership will enable clients to deploy and integrate the proven MFX solutions into their operations efficiently and cost effectively. DataCede’s consulting services gives MFX clients a broader suite of life cycle support services such as business process analysis and quality assurance to enhance MFX’s existing integrated solutions. Adding business process consultancy to MFX’s hosted application solutions offerings strengthens its position as a premier provider of property and casualty insurance solutions.
The new arrangement is effective immediately and both firms are moving forward quickly to focus on immediate opportunities in the insurance and reinsurance markets.