Warner Insurance Services Subsidiary Secures Licensing Agreement with Sun Alliance Insurance

Strategic Insights -

Warner Insurance Services' subsidiary, Cover-All Systems, Inc., has entered into a significant software licensing agreement with Sun Alliance Insurance, the second largest insurer in the United Kingdom. This new agreement, valued over $1.2 million, allows Sun Alliance to utilize Cover-All's Total Administration Solution (TAS) modules, including Client Management, Agency Management, Commissions, and development tools. Cover-All's client-server based administration modules, developed utilizing ORACLE-based products, have been gaining strong interest in the market. This deal marks another milestone for Cover-All, following its recently announced strategic alliance with Unisys Corporation and its recognition as an authorized ORACLE Business Alliance Programme Partner for 1995.

Key Takeaways:

  • Cover-All Systems, Inc., a subsidiary of Warner Insurance Services, has secured a new software licensing agreement with Sun Alliance Insurance, valued in excess of $1.2 million.
  • The agreement encompasses Cover-All's Total Administration Solution (TAS) modules, including Client Management, Agency Management, Commissions, and development tools.
  • Sun Alliance will utilize these software solutions as part of a major re-engineering effort for the General Insurance Services Business group in the United Kingdom.
  • Cover-All's client-server based administration modules, developed utilizing ORACLE-based products, have been gaining strong interest in the market.
  • This deal is another indication of the strong market pull for Cover-All's products, as stated by Peter Lynch, President of Cover-All.
  • Cover-All continues to receive support from major players in the industry, including its recently announced strategic alliance with Unisys Corporation and recognition as an authorized ORACLE Business Alliance Programme Partner for 1995.

Statistics:

  • Value of the licensing agreement: $1.2 million
  • Number of TAS modules included in the agreement: Four (Client Management, Agency Management, Commissions, and development tools)

Sources:

  • BUSINESS WIRE, Sept. 5, 1995
  • Press Release: Warner Insurance Services, Inc., "Warner Insurance Services, Inc. Announces Significant Licensing Agreement"