An undisclosed US Tier 1 insurance company has signed an agreement with Cover-All Technologies for deployment of its new Policy solution to support substantial insurance program business in 51 jurisdictions in the country.
The multi-year agreement includes upgrade licensing of the company's new Policy solution, several out-of-the-box, production-ready ISO insurance products, such as commercial automobile, commercial package including property, general liability, inland marine, crime and fidelity, and Massachusetts automobile.
Also included is the upgrade licensing of two custom insurance products, including Umbrella and Professional Liability for 51 US jurisdictions.
Selection is based on the solution's features, such as modern and fluid user interface, production-ready, ISO-based commercial products, powerful capabilities to generate custom products, easy-to-use, powerful, and secure capabilities for web-based access from the managing general agents' offices among others.
Cover-All president Manish Shah said, ''Cover-All customers can implement Cover-All Policy quickly and continue to realize efficiencies over time through our modern technology product set, fluid user interface, regular updates, self-service features,and our experienced, first-class customer service.''
A 100% web-based, configurable solution, Cover-All Policy enables customers to transform and customize core commercial lines operations including rating, quoting, underwriting, document, generation/management, as well as distribution, simultaneously enhancing collaboration and productivity with agents and brokers.