Security Mutual Selects CedeRight Reinsurance Administration
Security Mutual, Ithaca, N.Y. in collaboration with their technology partner, Insurance Data Processing, has selected DataCede’s reinsurance system, CedeRight for ceded reinsurance administration. Security Mutual was searching for an automated solution which could be implemented quickly, support their business growth as well as improve operational efficiencies. According to Roy Hall, Secretary & Treasurer, the timing was right to get an automated approach to reinsurance and have it integrate with our policy system. “Efficiency, speed to market and a true business partner were very important to us, and in our meetings and interactions with DataCede, we found a partner with a great new solution for our business needs. After reviewing the system, we were extremely impressed with the design, ease of use and comprehensiveness of the solution… we immediately started planning about how we could improve our workflows by capitalizing on this automated tool.”
Given the aggressive project schedule, teams from DataCede and Insurance Data Processing (IDP) have already started the Security Mutual implementation process to integrate CedeRight with their IDP core system. Quick implementations are 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. Phil Masin, DataCede’s COO noted, “We’re delighted to add Security Mutual to our growing CedeRight client base. Our SaaS solution fits in perfectly with their core system deployment and fills the gap to realize workflow and operational efficiencies while also providing transparency and accuracy.”
Security Mutual, founded in 1887, provides Property & Casualty insurance for home and business and is represented by a network of 300 independent agents throughout New York State.
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.