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OneShield Policy

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Overview

OneShield provides software solutions for P&C insurers and MGAs of all sizes. Deployed in the cloud, OneShield’s portfolio of standalone, subscription, and Software-as-a-Service (SaaS) products includes enterprise-class policy management, billing, claims, rating, product configuration, business intelligence, and smart analytics. OneShield automates and simplifies the complexities of core systems with targeted solutions, seamless upgrades, collaborative implementations, and lower total cost of ownership. With corporate headquarters in Marlborough, MA, and offices in India, OneShield has 80+ products in production across P&C and specialty insurance markets. For more information, visit www.oneshield.com.

Key Features

Policy Administration Functionality to Enhance and Improve Operational Efficiency

A customer-centric solution with a 360-degree view of the customer. Real-time access to multiple submissions and files. ‘Go Paperless’ option available for documenting delivery preference. User role security for employees, producers, insureds, and third parties to participate in defined steps of the policy life cycle. Customizable rates for your specific rates, rules, and workflows through our rating component that uses shared, common product definition data. Straight through processing (STP) via underwriting rules and workflow. Configurable task management with notes, journaling & assignment based on expertise and authority levels. Pre-built library of insurance-specific content for personal, commercial, and specialty lines. Pre-defined and configurable data models, workflows, rules, reports, and dashboards — eliminating the time-consuming and costly “ground-up” requirements gathering process. Reinsurance Cession Management via OneShield Reinsurance an available add-on module allowing you to register and manage reinsurers and cede business. Advanced moratorium capabilities with policy suspension driven by events and catastrophe. User authentication framework.

Key Benefits

Lower your Total Cost of Ownership with OneShield Policy

Automate Processes: Leverage existing workflows built specificaly for insurers. Fully automate underwriting whether it is straight-through processing or intelligent referrals with decision support and traceability.

Leverage Extensive Pre-Built Insurance Content: Our pre-built library of insurance-specific content for personal, commercial, and specialty lines eliminate time-consuming and costly “ground up” requirements gather process with our comprehensive pre-defined and configurable data models, workflows, rules, use cases, reports, dashboards, and product definitions.

Realize the Advantages of Self-Sufficiency: Attain self-sufficiency in modifying products and workflows. Improve business agility enabling you to rapidly bring products to market while lowering management and maintenance costs.

Enhance Agent and Customer Service: OneShield’s 360-degree view of the customer allows you to manage individual interactions while providing a complete overview of existing customers across all terms and policies. Also provide real-time access to customers, agents, and partners for purposes of self-service inquiries and service, new business acquisition, commission and sales monitoring, monthly reconciliation, and performance tracking.

Media

White Papers

Product/Service details