Cover-All Technologies Inc., a provider of technology-based solutions for the property and casualty insurance industry, introduced the Insurance Policy Database (IPD), an open architecture data repository. IPD will give Cover-All clients access to current and historic policy data for reporting, interfacing and data mining.
IPD will provide clients with a pair of benefits.
The first is a powerful ad-hoc reporting capability for direct access to the full range of stored data using third-party reporting tools. As a repository for all current and historical policy data, IPD will provide a strong foundation for data mining. The second is the ease of interfacing to accounting, reinsurance, claims, statistical and other systems. IPD was also designed to support upload/download of data using ACORD™ Standards and XML.
IPD will store data from Cover-All’s rating and policy issuance systems. Cover-All clients can choose to automatically update IPD in real-time or batch depending upon business needs.
IPD can be implemented using Oracle® or any ODBC-compliant database that offers flexibility and is designed to store policy information in a clear and coherent business structure based on ACORD™ Standards. The data repository is delivered with a complete data dictionary and “how to” instructions.
Was this article valuable?
Here are more articles you may enjoy.
Catastrophe Bond Investors Told to Brace for Jamaica Payout 
Satellite Data Reveals Hurricane Melissa Damage in Jamaica 
Starr Acquiring IQUW; Starr Managing Agency to Be Among 10 Largest at Lloyd’s 
Progressive Now 4th Largest Global Insurer; RenRe Fastest Growing in ’24 
