Under the terms of the agreement, both firms will advocate one another’s technologies to improve services for their customers in the property and casualty insurance industry
Specifically, Elios will recommend Blue Cod to provide computer programming services that enable Elios’ software to run on policy management systems for insurance companies. In turn, Blue Cod will recommend Elios’ technology to its property and casualty customers.
Both companies claim to address the concerns raised in a 2005 survey by the Robert Nolan Company, which highlighted expense management, risk management, customer service and paperless processing, by offering cheap and accurate technological services and software that handle key information processing and delivery needs.
