Creating and Improving Business Opportunities for Insurance Companies in the Flood Community

Insurance companies are continually looking for ways to improve their bottom line and add value to their product offerings and services.

With the insurance market continually changing due to increased risks, convergence and new player entries, more companies are looking for ways to distinguish themselves with consumers. Many companies are recognizing that the best way to make their company stand out in the marketplace is to focus on their core business. In most cases, an insurance carrier’s core business is focused around the development, distribution and establishment of new products to address the risks.

Companies are continually looking to outsource critical non-core business to allow them more time to focus on developing their products and business channels.

Our offerings allow a carrier to easily add Flood Insurance to their portfolio.

Flood Processing Operations

FloodConnect is a leading provider of flood services and software. Since entering the market in 2000, FloodConnect has proven time and again that understanding the business process and applying technology appropriately allows customers to achieve significant growth and success in the marketplace.

Our Process

FloodConnect starts each engagement with a personalized meeting to understand the customer’s needs and strategic vision. Once those items have been established, an on-site evaluation is conducted to determine gaps in the business process. Our customers are finding that they receive business value just from step-by-step review of their workflow process.

Once gaps and enhancements to the software are identified, a professional project plan is developed to ensure a smooth transition from the current vendor, or in establishing the customer as a new ‘Write Your Own’ (WYO) Insurance Carrier.

All converted data is taken through a multiphase testing cycle to make sure that customers start business with us, day one, with the most complete and accurate information.

Proven Technology

The FloodConnect software has proven ability to simplify the flood insurance process while maintaining a high quality of data integrity. Our system has been through a three-cycle review conducted by the National Flood Insurance Programs Statistical Bureau.

Services Offered

Our Business Process Outsourcing (BPO) services include:

• WYO Policy Issuance
• Billing and Collection
• Bureau Reporting
• Financial Accounting
• Funds Management
• Agency Administration
• Print and Distribution Services
• System Administration and Hosting
• Claim Administration
• Statistical Reporting
• Training
• Customer Required Special Services
• Underwriting Services
• Data Entry
• Customer Service

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For more information, contact us.