FOND DU LAC, Wis. & MORRISTOWN, N.J.--(Society Insurance (Society), a multi-line commercial property and casualty (P&C) insurance company specializing in niche business, and Cover-All Technologies (NYSE MKT:COVR) announced today Society’s selection of Cover-All Policy to modernize their entire policy platform, including rating, quoting, underwriting, policy servicing, document generation/management and distribution, bringing exceptional value to their policy holders and expanding agency force.)--
“We embarked on an extensive selection process to find a solution with the perfect balance between deep out-of-the-box functionality for speedy implementation and reduced project risk, and self-configuration capabilities that allow us the autonomy we need”
Society will leverage Cover-All’s pre-built bureau products, including General Liability, Commercial Auto, Businessowners Policy (BOP) and Workers’ Compensation, as well as a customized Umbrella product on the comprehensive Cover-All Policy Administration platform. In addition to implementing Cover-All Policy, Society will take advantage of Cover-All Test Studio for effective and efficient automated testing, and Cover-All Dev Studio, a new rules and tools offering for self-configurability of insurance products which is scheduled for general release during the first quarter of 2013.
“We embarked on an extensive selection process to find a solution with the perfect balance between deep out-of-the-box functionality for speedy implementation and reduced project risk, and self-configuration capabilities that allow us the autonomy we need,” said Tom Konop, Vice President of Information Systems at Society. “Many software solutions offered functionality or self-configuration options, but Cover-All Policy with its upcoming Dev Studio gave us the best of both worlds. Coupled with their extensive knowledge of insurance and highly responsive customer-oriented service organization, Cover-All offered the very best value, something we pride ourselves on providing to our policyholders and agents. ”
Society’s proven track record of building a highly-successful business by offering niche specialty products in Wisconsin, Illinois, Indiana and Iowa is based on its vision to continually improve its services, expertise, products and technology to be the preferred choice of policyholders and agents. With the right technology systems in place, Society is able to focus on the small details that make a big difference as it offers incredible value and expertise for small to mid-size niche businesses.
“We are pleased that Society has selected Cover-All Policy and Studio products,” said Manish Shah, president of Cover-All. “It’s humbling that Society found Cover-All solutions to be the best option to help them grow their vision with technology and we are looking forward to working with them on their strategic modernization initiative.”
About Society Insurance
Society Insurance is a property and casualty company operating as a mutual company since 1915. The company’s more than 250 employees and network of more than 350 independent agencies currently serves customers in Illinois, Indiana, Iowa and Wisconsin. Society Insurance focuses on serving small-to-midsize niche businesses that comprise main street America, offering target programs and products for restaurants, taverns, motels, grocery stores, medical clinics, artisan contractors and cleaning services. This focus on specific business and uncommonly strong core-insurance functions of claims handling, underwriting and risk control has led to long-standing relationships with and endorsements from a number of trade associations.
About Cover-All Technologies
Cover-All provides P&C insurance professionals a robust state-of-the-art, browser-based family of Policy, Business Intelligence, and Claims solutions designed to deliver products to market faster, enhance quality, ensure compliance, and reduce costs. With offices in Morristown, NJ, Manhattan and Honolulu, Cover-All continues its tradition of developing technology solutions designed to revolutionize the way P&C insurance business is conducted.
Additional information is available online at www.cover-all.com.