Marlborough, Mass. – November 15, 2011 – Blue Cod Technologies, Inc., the leading managed insurance services provider for the property and casualty (P&C) industry, today announced that Novarica, a research firm that provides information, insights and perspective on markets and technology to financial services and insurance executives, named the company in the Novarica Market Navigator™ report titled, “Insurer IT Services Providers 2011 (Q4).”

Authored by Matthew Josefowicz, partner and managing director, and Lis Maguda, analyst, the report provides an overview of the current solution provider marketplace for IT services for insurers. The report also aims to assist insurers in creating a shortlists of potential providers based on vendor market position and offering details. Blue Cod and 28 other IT services providers were profiled in the research.

“Small and midsize insurers have had a tendency to use IT services providers primarily on a project basis, but more and more are considering making these firms a continuous element of their IT resources,” said Josefowicz. “Firms with a strong focus on these smaller companies can make this transition easier.”

Published in October 2011, the Novarica Market Navigator, “Insurer IT Services Providers 2011 (Q4)” provides an overview of some of the major IT services providers to North American insurers with a focus on their experience levels in key functional areas. The information for this report was collected directly from the solution providers using a proprietary Novarica request for information (RFI). The full report contains a brief profile of each vendor solution, including a chart detailing the provider’s experience levels in specific functions.

“Blue Cod addresses the often overlooked small-to-mid-size market and provides managed insurance services that give these carriers the operations, technology and support they need to compete with enterprise-class carriers,” said Bob Bruce, president and CEO, Blue Cod Technologies, Inc.  “Additionally, Blue Cod’s focus on several highly-specialized programs, including California Earthquake Authority and Coastal Homeowner lines, gives carriers instant access to the expertise and processes they need to easily enter and succeed in these niche markets. It is an honor to be recognized in Novarica’s report as an IT services provider who can help carriers through these capabilities.”

Click here for a complimentary copy of the authorized excerpt of the Novarica Market Navigator titled, “Insurer IT Services Providers 2011 (Q4)."

About Novarica
Novarica provides information, insights, and perspective on markets, operations, and technology to financial services and insurance executives. The company delivers its service through published research, retained advisory services, and project-based consulting. Novarica’s research includes market and trend analyses, best practices research, case studies, and independent analyses of insurance software vendors. Novarica draws its knowledge from the personal experience of its principals, the ongoing information gathering initiatives of dedicated research staff, and regular communication with insurer executives through informal networks and through the Novarica Insurance Technology Research Council. More information is available at www.novarica.com.

About Blue Cod Technologies, Inc.
Blue Cod Technologies, Inc. is the leading provider of managed insurance services for the property and casualty (P&C) industry and addresses the support and technology needs of start-up, SMB and enterprise-class carriers in the Homeowner, Auto, Farmowners, Earthquake and Commercial Package markets. Blue Cod’s team of experienced insurance, technology and implementation specialists deliver high-end insurance services at a lower operational and capital expense than can be achieved through an organization’s internal staff.  Blue Cod Technologies offers customers the ability to create customized solutions or take advantage of specialized programs such as CEA Process, FAIR Plan Process, Assigned Risk Auto and Coastal Homeowner that bundle services to address common insurance challenges.

Contact:
Blue Cod Technologies, Inc.                                                                                  
Karen Regan                                                                                                           
508-683-2876