Cover-All Technologies, a provider of insurance software solutions for P&C insurance companies, has released Advanced Automated Policy Renewal as an enhancement to its Policy product.
Cover-All says the feature provides P&C insurers with the ability to tailor their automated policy renewal processes—beyond rating and issuance—to achieve business-specific policy renewal workflows. The automated renewal functionality is designed to enable insurers to configure custom business processes. These include the ability to configure selection criteria for policies, schedule one-time or recurring execution, generate quotes for renewal or complete policy renewals, configure custom reports, setup automatic email notifications, use web services to share policy status updates for further processing in downstream systems, and take advantage of comprehensive auditing and error correction capabilities.
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