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.
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.