Mass Property Insurance Underwriters - Data to Mail

Client:
The Massachusetts Property Insurance Underwriting Association (MPIUA), also known as the Massachusetts FAIR Plan, provides basic property insurance on eligible property for applicants who have been unable to gain insurance through the voluntary market. The client needed to upgrade their statement processing capability.

The Need:
• MPIUA wanted to avoid the $23,000 per month costs to upgrade their in-house statement processing capabilities
• Produce installment and annual invoices with personalized letters and return payment component

The Challenge:
• Outsource to JLS statement processing previously done in-house
• Receive daily transmission of secured data from client site
• Test the output to ensure special bar coding requirements met bank compliance standards

Solution:
• Set-up secured FTP site to receive daily secure data transmissions
• Produced a range of test invoices to ensure compliance with bank’s standards

Result:
• Documents are produced daily at JLS at 22% less than in house cost
• Total monthly savings vs. in-house equipment costs alone $9,500/monthly or $114,000.00 annually