FOND DU LAC, Wis. & MORRISTOWN, N.J.--(BUSINESS WIRE)--
Society Insurance (Society), a multi-line commercial property and casualty (P&C) insurance company specializing in niche businesses, and Cover-All Technologies (NYSE MKT:COVR), announced today Society is now live with Cover-All Policy including rating, quoting, underwriting, policy lifecycle management, document generation/management, and program-based underwriting, bringing exceptional value to their policy holders and expanding agency force.
Society selected Cover-All Policy as part of their policy modernization initiative to leverage Cover-All’s pre-built bureau products, including Commercial Auto, General Liability, 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 visual product configuration environment for insurers to create and maintain insurance products.
Society deployed Cover-All Policy and Cover-All Commercial Auto with deep integration with their agency portal and other back-end systems. Society is also in advanced stages of implementing other products and is expecting to deploy them throughout this year.
“We have been pleased with the industry knowledge and the deep out-of-the-box functionality that Cover-All is known for and delivered on,” said Tom Konop, Vice President of Information Systems at Society. “We believe that Cover-All’s unique product offerings containing significant out-of-the-box functionality, configurable architecture, as well as the product and business knowledge of the implementation team have played a key role in achieving aggressive milestones so far.”
“We are excited to see Society deploy Cover-All Policy so quickly,” said Manish Shah, CEO of Cover-All. “Society placed their trust in us when they chose Cover-All to partner with them to execute this very important and strategic initiative. I am proud that our team has been able to exceed Society’s expectations and that we continue to earn their respect more each day.”
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 2700 independent agents at more than 500 agency locations 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 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, and Honolulu, HI 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.
St. Nick Media Services
Jennifer Overhulse, 859-803-6597