Cover-All Policy enables Society Insurance to improve operational efficiencies and customer service
Society Insurance (Society), a multi-line commercial property and casualty (P&C) insurance company specializing in niche business, and Cover-All Technologies (NYSE MKT : COVR ), announced today that Society is now live with Cover-All Policy for Workers Compensation including rating, quoting, underwriting, policy lifecycle management, document generation/management, and program-based underwriting, bringing exceptional value to their policyholders and expanding agency force.
Society selected Cover-All Policy as part of their policy modernization initiative to leverage Cover-All’s pre-built bureau products, including Commercial Auto, Workers Compensation, General Liability, Businessowners Policy (BOP) and Commercial Umbrella product on the comprehensive and modern Cover-All Policy Administration platform.
“Society’s primary goal with our core policy system transformation project is to modernize our policy platform much faster and under a more aggressive budget than what is generally experienced in the industry for such projects,” said Tom Konop, vice president of Information Systems at Society Insurance. “We selected Cover-All to partner with us to achieve these goals because we found Cover-All Policy to have a unique combination of significant in-depth bureau functionality, full policy lifecycle functionality without the reliance on third-party vendors, flexible and simple architecture to configure insurance products based on our unique needs, the ability to stay current with bureau updates, as well as the ability to receive product enhancements after go-live without needing to invest in expensive future upgrade projects. We are very pleased with our choice in Cover-All and have already gone live with Commercial Auto and Workers Comp lines this year with our small joint project team, and look forward to completing our implementation with Businessowners (BOP), General Liability, and Commercial Umbrella soon.”
“We are pleased to be able to exceed the expectations of Society Insurance in implementing a high quality solution so quickly and efficiently with a small project team,” said Manish Shah, president and CEO, Cover-All. “We attribute the success of the project to Society having a strong commitment to the project, the significant functional depth of Cover-All’s pre-built bureau products, and Cover-All’s customer centric implementation team. This is yet another proof of Cover-All Policy’s product superiority and our organization’s customer-centric culture.”