Society Insurance Deploys Cover-All Policy for Workers Compensation
August 21 2014 - 8:00AM
Business Wire
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.”
About Society Insurance
Society Insurance is a property and casualty company operating
as a mutual company since 1915. The company’s more than 250
employees and network of more than 2700 independent agents at more
than 500 agency locations currently serves customers in Illinois,
Indiana, Iowa and Wisconsin. Society Insurance focuses on serving
small-to-midsize niche businesses that comprise main street
America, offering target programs and products for restaurants,
taverns, motels, grocery stores, medical clinics, artisan
contractors and cleaning services. This focus on specific business
and strong core-insurance functions of claims handling,
underwriting and risk control, has led to long-standing
relationships with and endorsements from a number of trade
associations.
About Cover-All
Technologies
Cover-All provides P&C insurance professionals a robust
state-of-the-art, browser-based family of Policy, Business
Intelligence, and Claims solutions designed to deliver products to
market faster, enhance quality, ensure compliance, and reduce
costs. With offices in Morristown, NJ, and Honolulu, HI Cover-All
continues its tradition of developing technology solutions designed
to revolutionize the way P&C insurance business is
conducted.
Additional information is available online at
www.cover-all.com.
Media:St. Nick Media ServicesJennifer Overhulse,
859-803-6597jen@stnickmedia.com