MFX, a subsidiary of Fairfax Financial Holdings Ltd. and provider of hosted IT applications and outsourcing software, will use products from Cover-All, a P&C software provider. As a result, Software-as-a-Service (SaaS) solutions for core system suite and data analytics will be offered to the P&C marketplace using Cover-All Policy and Business Intelligence software.
Cover-All says its policy administration, bureau lines of business, specialty lines of business and business intelligence offerings, when combined with MFX’s Integrated Insurance Platform, can provide SaaS service offerings to P&C insurance companies for a subscription fee.
Benefits of the Cover-All/MFX offerings are policy administration including rating, quoting, underwriting and policy lifecycle management; production-ready bureau products and quick rollout of specialty products; pre-built dashboards, reports and P&C-specific measures and dimensions; and application hosting via three SAS70 SSAE16 data center facilities for customers looking for SaaS solutions, says Cover-All.
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