New Mexico Mutual Chooses CedeRight for Reinsurance Administration
New Mexico Mutual, Albuquerque, NM has chosen DataCede’s CedeRight system for ceded reinsurance administration. New Mexico Mutual was looking for an automated solution which can be implemented quickly to keep up with growth in their business. According to Kellie Mixon, Controller, the time was right for an automated approach to replace the tedious use of spreadsheets. “At New Mexico Mutual we needed a better way to manage our 20+ year reinsurance contracts and to streamline our reinsurance processing. When we met DataCede and learned about their reinsurance solution, CedeRight, we knew it was a great match. CedeRight is a very comprehensive solution and will enhance our data reliability and reporting. We’re looking forward to working with the DataCede team on the implementation process.”
The project kicked off in late October with scheduled completion in early 2016. The quick implementation is a hallmark of CedeRight’s cloud delivery process which dramatically reduces the expense and time associated with a start-up process compared to a company hosted system. Joseph Zarandona, DataCede’s CEO noted, “We’re delighted to have New Mexico Mutual join our growing CedeRight client base. Our SaaS delivered solution fills the gap for many small to mid-size insurers in realizing workflow and cost efficiencies while also gaining required transparency and accuracy.”
New Mexico Mutual is the largest writer of workers’ compensation insurance in New Mexico, providing quality, cost-effective workers’ compensation insurance to New Mexico businesses. Created in 1991, New Mexico Mutual provides workers’ compensation insurance for more than 7,000 New Mexico businesses. The company provides extensive safety services and claims management for its policyholders.
DataCede specializes in providing management consulting and technology solutions to insurance carriers, vendors and brokers looking for a competitive edge, with personalized service and identifiable value. Headquartered in Princeton, NJ, DataCede reinsurance system, CedeRight, leverages modern technology to simplify the reinsurance administration process and create immediate value for carriers large and small.