Cover-All Technologies Inc. (NYSE-Amex: COVR), a Delaware corporation, announced today that its claim management system for property/casualty insurance companies, BlueWave Claims, was recently profiled in a report evaluating insurance claim systems published by CEB TowerGroup, a Boston-based research and consulting firm focused on the global financial services industry.
With many new and existing claim management solutions available to insurers today, objective information such as that included in the CEB TowerGroup report, “Claims Management Technology Analysis,” is critical to the decision-making process of insurance executives, IT professionals and those specializing in claims. The vendor and system profiles included in this report focus on claim systems vendors with mature products, numerous deployment options, and with an emphasis on modern technology and effective claim management techniques and best practices.
“Modern core claim administration systems are imperative,” said Karen Pauli, research director at CEB TowerGroup and author of the report. “Without flexible, function rich technology, consumer and distributor requirements cannot be met.”
According to CEB TowerGroup, there are 21 attributes that define a “best-in-class” claim management solution. These attributes are grouped into four categories that highlight a firm’s user, customer and enterprise needs. Vendor rankings are based on CEB TowerGroup’s proprietary five-point rating scale for each of the 21 “best-in-class” attributes.In addition to these common profile features, the BlueWave Claims profile specifically notes, “Designed as a best-of-breed claims management solution, BlueWave Claims focuses on providing core claims processing capabilities and does not provide extensive integrated premium features such as the advanced analytics or content management systems that we have seen in competing products. However, in its core ability to manage the claims lifecycle, BlueWave Claims is at least equal to the most feature rich solutions on the market. We also expect that Cover-All Technologies will significantly enhance BlueWave Claims’ functionality by incorporating additional proprietary features from the core insurance solutions of its My Insurance Center NexGen suite.”
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV