Cover-All Technologies Inc. (NYSE MKT: COVR), a Delaware corporation, have announced that Cover-All Business Intelligence, was recently profiled in a report evaluating insurance data mastery systems published by Celent, a Boston‐based research and advisory firm specializing in financial services.
The Celent report, “Data Mastery Spectrum Overview 2012”, profiled 27 data mastery vendors that provide at least one of the data mastery components to insurers. According to the report, data mastery “continues to be an area for strategic innovation as technology allows carriers to increase efficiencies, deliver a better customer experience and glean new insights through easier access to data.”
“Successful data mastery efforts are able to realize business value quickly,” said Benjamin Moreland, senior analyst for Celent and author of the report. “Due to competitive forces, insurers must be able to see and act on business insight in a few months and not years. Insurers need to be able to leverage both internal and external data, as well as grow their use and maturity of big data quickly in an agile manner.”
This report profiles vendors that provide data mastery components, namely business intelligence (BI) presentation, analytics, data warehouse, ETL component solutions and BI content, such as insurance data models, dashboards and report templates, as well as “key performance indicators” or KPIs. In addition to these common profile features, Cover-All’s profile specifically notes, “The BI presentation layer provides pre-built interactive charts and reports covering subject areas such as underwriting, claims, customer relationship, and financials; functional and data entitlement based dashboards for assembling charts and reports; highly configurable definition of dashboards, KPIs, and reports; several built-in point-in-time comparisons for any measure; access control through functional and data-level security; embedded Cognos technology for data visualization, reporting and enhanced analysis without the need for separate Cognos licensing and quick implementation times.”
"Cover-All BI is an important part of the Cover-All family of products,” said Manish Shah, president of Cover-All Technologies. "Now equipped with an iPad app for information on the go, Cover-All BI provides key business insights for our customers through an easy-to-use interface. Our BI solution is pre-integrated with Cover-All Policy, and can also be used as a functionally robust and configurable stand-alone solution with P&C carriers’ current systems. Inclusion in this report is especially significant for us since we took the time to pre-build P&C-specific measures, dimensions, KPIs and reports which all come out of the box with Cover-All BI, helping our customers gain immediate business value.”