Insurance and Investment companies have a historical issue with managing policies, products, and the administration of them. There are many vended solutions for companies to use, but most of the time, they require large investments and customizations within the system just to meet their needs. All of the details around a vended policy admin system create a large bill for the companies that use them. I hope Covrage can become a free baseline policy admin system that allows companies to build their own Policy Admin system with customizations tailored exactly how they want it.
Create a configurable and customizable policy admin system that encourages insurance and investment companies to create their own policy administration systems.