Allied World Assurance Company Holdings, a global property/casualty insurer, and Cover-All, a property/casualty technology provider, announced that Allied World U.S. has selected Cover-All Policy, Cover-All Commercial Auto, Cover-All General Liability, Cover-All Dev Studio and Cover-All Test Studio in an attempt to expand the company’s standard and specialty commercial lines operations, including rating, quoting, underwriting and policy lifecycle management. Allied World U.S. also will use Cover-All services for implementation of these solutions.
According to Allied World, it was looking for a technology platform that would enable the company to realize efficiencies of out-of-the-box bureau products with a comprehensive policy administration platform while still providing capabilities to implement deviations in-house and develop custom specialty lines through easy-to-use but comprehensive configuration tools.
"We wanted a robust solution backed by deep ISO knowledge and out-of-the-box products,” said Glenn Gardner, CIO at AWAC Services Company, a member company of Allied World. Benefits expected by Allied World U.S. from Cover-All software include faster rollout of standard ISO-based lines of business; the ability to easily configure and launch custom specialty products; timely and reliable bureau updates; improved turnaround time for rollout of ongoing changes; and effective cost-scaling as business grows.
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