OneShield, Inc. Launches New Core System Software Portfolio Supporting Specialized Insurance Market Sectors Through Cloud- and Subscription-Based Pricing Models

Newly launched OneShield Market Solutions group to provide proven enterprise-class software solutions for niche insurance markets, including MGAs, TPAs, Workers Compensation Administrators, Self-insureds, and Regional Insurers

Marlborough, MA (Dec. 19, 2014) – OneShield, Inc., the leading core systems software provider of OneShield Enterprise for the global P&C and General insurance industry, has launched a new portfolio of software solutions designed specifically to meet the unique needs of niche market providers of insurance services and products.

OneShield Market Solutions will provide enterprise-class, time-tested and proven core system insurance software solutions through standalone, subscription-based and cloud-based business models. These solutions enable smaller providers of insurance services and specialty products to compete and grow their businesses using the same powerful technology tools available to major insurers.

“Out-of-the-box and hosted in the cloud with relatively little upfront investment, specialized service providers, such as Managing General Agencies (MGAs) and Third-Party Administrators (TPAs), will have a fully-functioning core system platform to run all aspects of their business,” says Glenn Anschutz, OneShield’s Chief Executive Officer.

“Our cloud-based core systems allow niche players to deploy a customer-centric operating model that is configurable to how they do business, and helps reduce overhead expenses, enhanced service quality, and ramp-up business acquisition capabilities and new product speed-to-market.”

Product offerings of OneShield Market Solutions include:

  • Core System Software for Managing General Agencies
    A secure, cloud-hosted and configurable end-to-end policy management system that provides the ability to manage submissions, rate, generate proposals, track carrier clearance and even bind multiple lines of business for multiple carriers — complete with automated workflows and rules.
  • Core System Software for Third-Party Administrators
    Out-of-the-box, a fully functioning claims administration system, including account management, TPA billing and time tracking, document management, and detailed reporting and analysis — all pre-configured for processing of workers’ compensation, general liability, property, commercial automobile and specialty lines.
  • Core System Software for Workers Compensation Administrators
    Highly configurable, this core software platform processes submissions, rating, quoting, policy management, claim administration, billing and accounts receivable, time tracking, document management, self-serve Web portals, and offers detailed reporting and analysis.
  • Core System Software for Self-insureds
    From submissions to renewals, and on to compliance, contract management and representative compensation, quickly and easily customize workflows, business rules, codes, tables, forms and documents to match Risk Pools and Affinity groups’ processes and business opportunities.
  • Core System Software for Mutual and Regional Carriers
    From carrier submissions to policy renewals, and on to claims intake and file closure, you can quickly and easily customize all aspects of the system, including setting specific rules for service level agreements, number of claims handled, pricing, special notification requirements and unlimited other variables.

For larger national and cross-border organizations, OneShield continues to enhance features and offerings within its flagship enterprise solution. OneShield Enterprise is a configurable end-to-end core system software solution suite for policy management, claims, billing, rating, product configuration, and business intelligence and analytics. Lowering total cost of ownership, the enterprise solution cost-effectively streamlines every stage of the policy lifecycle with easily customizable interfaces, workflows, rates, rules, forms and transaction processing methods — all with detailed reporting and statistical analysis.

About OneShield

OneShield, Inc. delivers core business software solutions to the global P&C and General Insurance industry. OneShield Market Solutions is a division offering a specialized portfolio of standalone, and subscription- and cloud-based software products with enterprise-class policy management, claims, billing, rating, product configuration, and business intelligence and analytic solutions that leverage a tool-based open architecture and single data model platform to streamline your business. OneShield Insurance Software automates and simplifies the complexities of core systems with targeted solutions, seamless upgrades, collaborative implementations, and lower total cost of ownership.

With its corporate headquarters in Marlborough, MA and offices in Australia, Canada and India, OneShield, Inc. has a combined 44 products in production across all commercial, personal and specialty lines of business. To learn more, visit oneshield.com.

Source: OneShield, Inc.