Cover-All (NYSE MKT: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.
About Cover-All TechnologiesCover-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, Manhattan and Honolulu, Cover-All continues its tradition of developing technology solutions designed to revolutionize the way P/C insurance business is conducted. For more information about Cover-All, call 808-675-2101, or visit www.cover-all.com . About MFXchange Helping you meet your goals and needs is our culture and focus. Founded in 2001 and a wholly owned subsidiary of Fairfax Financial Holdings LTD, MFX combines the deep industry and technology experience of its employees with our culture of agility and business model flexibility to service all of our valued clients. MFX has two fundamental businesses:
- MFX is a seasoned provider of customized datacenter and infrastructure services including private cloud offerings, across all industries.
- MFX provides end-to-end commercial property and casualty insurance application and BPO solutions to the P&C industry.