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TheStreet Open House

Allied World Selects Cover-All Solutions For Underwriting, Policy Administration And Rating For Standard And Specialty Commercial Lines

Allied World Assurance Company Holdings, AG (NYSE: AWH), a global provider of innovative property and casualty insurance and Cover-All (NYSE MKT:COVR), a leading provider of innovative and modern P/C insurance technology solutions announced today that Allied World U.S. has selected Cover-All Policy, Cover-All Commercial Auto, Cover-All General Liability, Cover-All Dev Studio and Cover-All Test Studio to help expand the company’s standard and specialty commercial lines operations, including rating, quoting, underwriting, and policy lifecycle management. Allied World U.S. will utilize Cover-All services for implementation of these solutions.

As Allied World expands its domestic footprint in the commercial lines marketplace they looked for a technology platform that allowed them to realize efficiencies of out-of-the-box bureau products with a comprehensive policy administration platform while still providing capabilities to implement deviations in house and developing custom specialty lines through easy-to-use but comprehensive configuration tools. Cover-All Policy and Studio products’ capabilities will help Allied World improve speed to market and support their business objectives of introducing products to market faster and more efficiently for their insureds and brokers.

"We wanted a robust solution backed by deep ISO knowledge and out-of-the-box products,” said Glenn Gardner, Chief Information Officer at AWAC Services Company, a member company of Allied World.

Benefits expected by Allied World U.S. from Cover-All solutions are:

  • Faster rollout of standard ISO-based lines of business
  • Ability to easily configure and launch custom specialty products
  • Timely and reliable bureau updates
  • Improved turnaround time for rollout of ongoing changes
  • Effective cost scaling as business grows

“We are pleased to become an integral part of Allied World’s strategic vision,” said Manish Shah, president and CEO of Cover-All. “Allied World sees the value in Cover-All’s cutting-edge products backed by decades of industry knowledge and responsive services. Our vision of a flexible, yet market-ready P/C offering fits perfectly with Allied World’s strategy.”

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