MFXchange US, Inc. (MFX), a provider of technology solutions to the insurance industry, has launched a new service, ProcessSure, to address the growing business process outsourcing (BPO) market.
Included in the initial ProcessSure offering are Statistical Reporting (Bureau Reporting and State Calls for P&C lines of business, including Workers’ Compensation); Rate, Rule and Form Compliance; and Runoff Company Transition Planning.
“The Business Process Outsourcing market is the single fastest growing area of the IT services sector,” said Raymond A. Roy, chairman and CEO of MFX. “Insurance companies often find that backroom processing and statistical reporting distracts them from their core competencies. Whether we take over just one part of the process, or the entire process, MFX can now remove the headaches associated with statistical reporting.”
MFX brings together factors required for a successful outsource, including onshore/nearshore/offshore capabilities, strong vertical experience and subject expertise, rigorous project management structure, and our experience at managing outsourced relationships.