Cover-All Policy Recognized in Novarica Analyst Report

Cover-All Policy Recognized in Novarica Analyst Report

Noted for out-of-the-box bureau products, configurability and ease-of-use

MORRISTOWN, N.J.--(BUSINESS WIRE)-- Cover-All (NYSE MKT:COVR), a Delaware corporation, announced today that Cover-All Policy, a complete policy administration system for property and casualty (P/C) insurance companies including rating, quoting, underwriting, and policy lifecycle management, was recently featured in a Novarica report evaluating P/C policy administration systems.

The Novarica report offers an overview of the policy administration systems and suites available to US P/C insurers. The profiles contained in the report provide summaries of the vendor organization, client base, technology, key differentiators, lines of business supported, and key functionality. "Insurers are increasingly looking to shorten implementation times and reduce implementation risk through the use of pre-built line of business content, ISO and NCCI content, and pre-integrated modular suites. These elements allow carriers to minimize the amount of customization required, along with the level of effort to configure the new system," stated Chad Hersh, Managing Director at Novarica.

The report noted that, "Cover-All Policy includes built-in functions for managing the entire policy lifecycle, such as integrated document generation and storage, financials, distribution management, reporting, renewals, configurable underwriting tools, and workflow with a Web 2.0 user interface. The system includes a fully built bureau capability (both ISO and NCCI) for commercial products (not just templates) with UI, rates, rules, forms attachment, pre-mapped bureau forms, stats, surcharges, taxes, fees, and pre-built exceptions for 52 jurisdictions."

"With carriers continuing to evaluate policy administration systems as they seek to replace their existing systems, we are pleased that this Novarica report highlights the features that make Cover-All Policy one of the in-demand systems," said Manish Shah, president and CEO of Cover-All. "Cover-All Policy includes out-of-the-box, fully built bureau capability for both ISO and NCCI for commercial products. We can have Cover-All Policy ready for initial go-live in as little as 180 days, and we provide unparalleled support backed by a team with P/C experience."

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

Cover-All Technologies
Renata Bell, 808-675-2101
Director of Marketing

KEYWORDS:   United States  North America  New Jersey


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