Cover-All Technologies (NYSE MKT:COVR), a Delaware corporation and provider of the Cover-All family of insurance software solutions for the property / casualty (P&C) insurance marketplace, announced today the release of Advanced Automated Policy Renewal as a new enhancement to Cover-All’s Policy product.
This new feature provides P&C insurers the flexibility to tailor their automated policy renewal processes beyond just rating and issuance to achieve complete business-specific policy renewal workflows. Cover-All Policy’snew and advanced automated renewal functionality enables insurers to configure custom business processes, including the ability to configure selection criteria for policies (such as line of business, states, etc.), scheduleone-time or recurring execution, generate quotes for renewal or complete policy renewals, configure custom reports, setup automatic email notifications, use out-of-the-box web services to share policy status updates for further processing in downstream systems and take advantage of comprehensive auditing and error correction capabilities.
“We listened to our customers who emphasized that each insurer has specific, unique needs,” said Manish Shah, president of Cover-All. “The result is the commercial release of a comprehensive advanced automated renewal feature for Cover-All Policy that doesn’t stop at straight line, efficient renewal of policies, but provides incredible flexibility, openness for integrating with external systems for an end-to-end focus on organizational level workflow for renewals, all defined through customer configuration.”
Automated Policy Renewal for Cover-All Policy is the latest enhancement to the Cover-All family of modern software solutions, which includes Cover-All Policy, BlueWave Claims and Cover-All Business Intelligence for P&C insurers.Cover-All Policy is one of the industry’s most modern, robust policy administration systems, providing support for the full policy lifecycle, including rate, quote, issuance, out-of-sequence endorsements, document generation, form attachment and storag