SECURA Insurance Deploys Cover-All Policy and Commercial Auto Solutions
SECURA Insurance Deploys Cover-All Policy and Commercial Auto Solutions
Cover-All Policy's intuitive navigation and functionality cuts training time in half
APPLETON, Wis. & MORRISTOWN, N.J.--(BUSINESS WIRE)-- SECURA Insurance, a super-regional property and casualty insurance carrier, and Cover-All (NYSE MKT:COVR), a leading provider of innovative and modern P/C insurance technology solutions, announced today that SECURA's Commercial Auto policies (including business auto, garage, and truckers) went live with enhanced Cover-All Policy functionality and web services integration.
SECURA implemented Cover-All's new policy administration functionality and Commercial Auto in an effort to increase operational efficiencies, improve risk selection, price based on real-time pricing tools and, most importantly, enhance user experience. SECURA is already in production with Cover-All Workers' Compensation and is in the process of implementing Commercial Package, BOP, Umbrella, D&O, EPLI, and Professional Liability lines.
Highlights of the deployment are:
ISO Commercial Auto, including Business Auto, Garage, and Truckers coverage
Company, program, and market segment-based deviations
Varied companies rates, rules, and forms
Multi-state policies
Advanced rating plans such as experience rating, schedule rating, and fleet rating
Underwriting rules and workflow
Document generation and electronic document storage
Full policy lifecycle transactions
Automated renewal processing
Real-time interfaces with Claims, Pricing tools, VIN Verification, and Financial systems
"Insurance agents have ranked us in the top 10 in the Making Business Easier survey for insurance companies nationwide by continuously focusing on service, automation, and easy to use systems, and we expect the same from our vendor partners and systems," said Jeff Bemis, SECURA's CIO. "Our underwriting and operations staff is excited by the deployment of Cover-All Policy and Commercial Auto which will reduce our operational expenses, improve risk selection, and accelerate cycle time. It used to take us three and a half months to train someone on our policy system. With Cover-All Policy, we can train someone in half the time because of the intuitive user interface and straight-through workflow."
"We are honored to continue our partnership with SECURA by helping them leverage Cover-All Policy technology and products to gain important business benefits in efficiencies, user experience, and effectiveness," said Manish Shah, president and CEO of Cover-All. "Our success is only as great as our customers' success. To see SECURA realize such tangible benefits is very exciting."
About SECURA Insurance
SECURA Insurance is a mutual property and casualty insurance company with 113 years of experience evolving from a small farm company to a super-regional insurance carrier offering insurance products for businesses, homes and autos, farms, non-profits, and special events. A strong and stable company, it is rated "A"(Excellent) by A.M. Best, signifying excellent financial strength. SECURA partners with only the best independent insurance agencies in 12 states - Arizona, Colorado, Illinois, Indiana, Iowa, Kansas, Kentucky, Michigan, Minnesota, Missouri, North Dakota, and Wisconsin.
Additional information is available online atwww.secura.net.
About Cover-All Technologies
Cover-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.
Additional information is available online atwww.cover-all.com.
Cover-All Technologies
Alyssa Hostelley, 808-772-1472
EVP, Marketing
ahostelley@cover-all.com
KEYWORDS: United States North America New Jersey Wisconsin
INDUSTRY KEYWORDS:
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