Leading-edge configuration environment, strong customer feedback, and ease-of-use among the profile highlights
Cover-All (NYSE MKT: COVR) 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 Celent report evaluating P/C policy administration systems.
Celent’s report examining policy administration systems (PASs) available to insurers in North America profiled 42 PASs in use for personal, commercial, and/or specialty lines. The profiles contained in the report present information about the vendor, the professional services it offers, product history and customer base, functionality, and line of business. Each profile summary also contains analysis of usability, reporting and analytics, technology, implementation, costs, and a summary Celent view as well as comments from reference insurers currently using the solution.
The report noted Cover-All Policy is a strong offering, highlighting commercial lines, program business, specialty lines, and personal lines. Additionally, Cover-All’s new configuration environment, Dev Studio, was described in the report as “an attractive and very usable environment” referencing Dev Studio’s “team environment and automated version control,” WYSIWYG screen configuration environment, and auto generation of rules logic through flow charting or scripting.
“We are honored to receive a strong review in the Celent report. We are excited about the recent advances to our configuration tool, Dev Studio,” said Aaron Herrmann, SVP – Sales & Marketing. “Dev Studio is an intuitive, functionally-rich web-based product configuration tool for dramatically reducing the effort to visually build or maintain insurance products and achieve much sought speed to market. Our clients have the choice to self-maintain product updates or take advantage of Cover-All’s full-service model, creating a unique option for companies who want a single platform for E&S, personal, and bureau-based commercial lines products.”