Mountain West Farm Bureau Mutual Insurance Company (Mountain West), a multi-line company currently serving insurance needs throughout Wyoming and Montana, and Cover-All (NYSE MKT:COVR), announced today that 360 Insurance Company, a division of Mountain West, has launched Cover-All Policy. After a thorough evaluation process, Mountain West selected Cover-All Policy last November. They were seeking an out-of-the-box, ISO-based commercial product that would eliminate the need to devote time and resources to interpreting ISO rates, rules, forms, algorithms, and stats. Dan Bleak, vice president of underwriting and operations at Mountain West underlined the importance of greater efficiency, “Cover-All Policy provides an intuitive user interface and straight-through-processing capabilities which is vital for extending the system to our exclusive agents.”
Cover-All Policy is a modern, state-of-the-art policy administration solution which provides real-time reporting; it will facilitate the transformation of the division's core commercial lines operations including rating, quoting, underwriting, document generation/management and distribution while improving collaboration and productivity. With Cover-All Policy, Mountain West will be able to grow their book of business through expedited processing and faster speed-to-market of product updates. "Cover-All demonstrated a firm grasp of our needs as well as an intimate knowledge of ISO products. Having their knowledge and experience in our corner allows us to focus on writing and servicing our business," said Mr. Bleak.
"We are very excited that Mountain West is now live with Cover-All Policy," said Alyssa Hostelley, SVP of Client Services at Cover-All. "With Cover-All Policy we hope that Mountain West will see immediate business benefits by being an "easy-to-do-business" carrier for agents. Mountain West is a valued partner, and Cover-All looks forward to helping them continue to grow."