Cover-All Technologies Inc. (NYSE MKT: COVR), a leading provider of innovative and modern P/C insurance technology solutions, announced today that it has signed agreements with three new insurance carriers in May 2015. The new Cover-All customer contracts for license, maintenance and professional services include:
- A mid-size regional insurance carrier for a cloud-based Cover-All Policy with Bureau Lines solution,
- A tier-1 mid-west insurance carrier for Cover-All Business Intelligence, and
- A division of a tier-1 insurance carrier for Cover-All Policy with Bureau Lines.
In addition, Majesco, a global provider of core systems and services to the insurance industry with whom Cover-All has signed a definitive agreement on December 14, 2014, to merge also recently announced signing contracts with four new customers. More information regarding Majesco’s new customers can be found at https://www.majesco.com/press-news/majesco-signs-four-new-customers/
“We are very pleased with these three new customer contracts and especially the long-term relationships they represent. We remain squarely focused on customer success and achieving speed to market for all sizes of insurance carriers by delivering our proven policy and business intelligence products,” said Manish Shah, president and CEO of Cover-All. “The merger with Majesco is expected to expand our addressable market opportunities and we are delighted with the response to our products from the marketplace. Cover-All and Majesco have started the year signing seven new customers in the aggregate, and we are looking forward to continuing this favorable momentum upon closing of the merger.”