MFX, which supplies technology and IT outsourcing solutions, has signed a deal with C.V. Starr and Company, Inc., for a comprehensive application service provider solution to handle its policy, claims, and reinsurance processing needs.
Under the terms of the agreement, MFX will provide C.V. Starr with all hardware, software, and systems support as part of a complete processing services platform including MFX's ClaimsAssure, a claims processing system; WriteNow, an underwriting and policy administration system; a premium billing and collection system; and SecureSource, a data center outsourcing product.
According to Raymond A. Roy, chairman and CEO of MFX, "This is a business relationship that is tailor made for MFX. Our experience, product line, and strong track record in the insurance industry supports the objective that C.V. Starr was looking to achieve. MFX assembled an array of products and services that will provide all of C.V. Starr's application needs."
"MFX's background in the insurance marketplace convinced us it was the right partner to manage our systems," says John Cunningham, representing C.V Starr. "It was critical we appointed a technology solutions provider that not only had an intimate knowledge of the insurance market but also had the ability to provide the infrastructure, technical support, and expertise to evaluate, develop, and improve that technology continually."
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