|By Business Wire||
|August 21, 2014 08:01 AM EDT||
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 that Society is now live with Cover-All Policy for Workers Compensation including rating, quoting, underwriting, policy lifecycle management, document generation/management, and program-based underwriting, bringing exceptional value to their policyholders 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, Workers Compensation, General Liability, Businessowners Policy (BOP) and Commercial Umbrella product on the comprehensive and modern Cover-All Policy Administration platform.
“Society’s primary goal with our core policy system transformation project is to modernize our policy platform much faster and under a more aggressive budget than what is generally experienced in the industry for such projects,” said Tom Konop, vice president of Information Systems at Society Insurance. “We selected Cover-All to partner with us to achieve these goals because we found Cover-All Policy to have a unique combination of significant in-depth bureau functionality, full policy lifecycle functionality without the reliance on third-party vendors, flexible and simple architecture to configure insurance products based on our unique needs, the ability to stay current with bureau updates, as well as the ability to receive product enhancements after go-live without needing to invest in expensive future upgrade projects. We are very pleased with our choice in Cover-All and have already gone live with Commercial Auto and Workers Comp lines this year with our small joint project team, and look forward to completing our implementation with Businessowners (BOP), General Liability, and Commercial Umbrella soon.”
“We are pleased to be able to exceed the expectations of Society Insurance in implementing a high quality solution so quickly and efficiently with a small project team,” said Manish Shah, president and CEO, Cover-All. “We attribute the success of the project to Society having a strong commitment to the project, the significant functional depth of Cover-All’s pre-built bureau products, and Cover-All’s customer centric implementation team. This is yet another proof of Cover-All Policy’s product superiority and our organization’s customer-centric culture.”
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.
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