FAIRFIELD, N.J.–(BUSINESS WIRE)– Cover-All Technologies Inc. (NYSE-Amex: COVR), a Delaware corporation, today announced that Wisconsin-based property and casualty carrier SECURA Insurance went live with My Insurance Center (MIC) NexGen for its Workers’ Compensation business. This is a significant milestone along the company’s strategic path to modernizing its system and continuing to be the carrier of choice for its valuable independent agency partners.
Leveraging features broadly available across all MIC NexGen products, NexGen Workers Comp delivers a host of business capabilities designed to streamline the submission, rating and underwriting processes with intuitive data capture, automated underwriting, real-time issuance and web services with internal and third party solutions. To facilitate straight-through-processing, MIC leverages Web 2.0 technology to enable just-in-time data capture and in-process connectivity to predictive analytics to influence real-time pricing decisions.
“SECURA is excited about the rich functionality that My Insurance Center NexGen has developed. In addition to the significantly improved user interface, SECURA is making strong utilization of NexGen’s business rules to improve workflow efficiencies and provide support to our underwriting discipline,” commented Jeff Bemis, SECURA’s CIO.”
Mr. Bemis continued, “SECURA’s project team partnered with the Cover-All implementation team to ensure that this challenging project was a joint effort. We are pleased that our strong internal team was matched with Coverall’s experienced staff to deliver great technology for our company’s Workers’ Compensation product.”
Cover-All President and CTO, Manish Shah explained, “It is very gratifying to see another customer leveraging the NexGen product set to distinguish themselves in the market. We’ve made significant investments into the total redesign of these products and the overall MIC platform, an investment that is now paying dividends as our customers start to realize the benefits of their investment in us.”
My Insurance Center features off-the-shelf Commercial products including, Commercial Auto, Commercial Package, Business Owners’ Policy, and Workers’ Compensation. Their Custom Product Framework facilitates the development of specialty lines in as little as 30 days.
SECURA is currently implementing additional NexGen Lines of Business, which includes Commercial Property, General Liability, Crime and Fidelity, Inland Marine, Commercial Auto, and Specialty Lines.
About Cover-All Technologies Inc.
Cover-All Technologies Inc., since 1981, has been a leader in developing sophisticated software solutions for the property and casualty insurance industry. With My Insurance Center, a 100% web-based platform, Cover-All is building on its reputation for quality insurance solutions, knowledgeable people and outstanding customer service by creating new and innovative insurance solutions that leverage the latest technologies and bring our customers outstanding capabilities and business results.
Pairing state-of-the-art functionality of My Insurance Center with experienced service professionals, who after implementation ensure continued compliance with statutory, regulatory, and market differentiation needs, Cover-All continues its tradition of innovating technology solutions to revolutionize the way the property and casualty insurance business is conducted.
Additional information is available online at www.cover-all.com.
Cover-All®, My Insurance Center™ (MIC) and Insurance Policy Database™ (IPD) are trademarks or registered trademarks of Cover-All Technologies Inc. All other company and product names mentioned are trademarks or registered trademarks of their respective holders.
Miguel A Edwards, 973-461-5211
SVP, Business Development
Source: Cover-All Technologies Inc.