This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Cover-All And MFX Announce Strategic Alliance

Cover-All (NYSEMKT:COVR), leading provider of innovative and modern P/C insurance technology solutions, and MFX, a wholly owned subsidiary of Fairfax Financial Holdings LTD and a leading provider of hosted IT applications and outsourcing solutions, have announced a strategic alliance to offer Software-as-a-Service (SaaS) solutions for core system suite and data analytics to the P/C insurance marketplace using Cover-All Policy and Business Intelligence software. Cover-All’s robust policy administration, bureau lines of business, specialty lines of business and business intelligence offerings, when combined with MFX’s end-to-end Integrated Insurance Platform, will provide high quality SaaS service offerings to P/C insurance companies for a subscription fee.

Benefits of the new Cover-All/MFX offerings are:

  • Robust and industry-leading policy administration including rating, quoting, underwriting, policy lifecycle management
  • Production-ready bureau products as well as quick rollout of specialty products
  • Intuitive business intelligence capability with pre-built dashboards, reports and P/C specific measures and dimensions
  • Application hosting via three fully certified SAS70 SSAE16 data center facilities for customers looking for secure and scalable SaaS solutions
  • Business process outsourcing (BPO), infrastructure, application support and outsourcing capabilities, statistical reporting and data administration services for carriers with back-office needs that require flexibility, cost-effectiveness, and responsiveness to changing business requirements and aggressive timelines.

"Our products have been designed with scalable, multi-tenant architecture for providing SaaS offerings to meet the unique needs of P/C insurance carriers,” said Manish Shah, president and CEO of Cover-All. "With our partnership with MFX, insurance carriers will have an attractive option that can truly fit their technology strategy. We are especially excited about the relationship with MFX because like Cover-All, the technology and services experts at MFX are customer oriented insurance professionals.”

"Cover-All Policy is a comprehensive option that draws on deep industry experience, a fitting addition to the MFX integrated software suite,” said Raymond A. Roy, CEO of MFX. “MFX has long recognized the importance of comprehensive reporting and analytics, so we are very excited to combine Cover-All’s Policy and Business Intelligence solution with our Integrated Insurance Platform. Cover-All’s BI product leverages our comprehensive enterprise-wide insurance data and the pre-built BI content, coupled with its collaborative, self-service capabilities, allows it to be used by all areas within a client company.”

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,024.06 +183.54 1.03%
S&P 500 2,108.29 +22.78 1.09%
NASDAQ 5,005.3910 +63.9670 1.29%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs