SOURCE: OneShield, Inc.

OneShield, Inc.

January 28, 2010 12:05 ET

OneShield Salutes Capitol Insurance Companies

Celent Model Insurer Award Winner for Policy Administration Component

WESTBOROUGH, MA and NEW YORK, NY--(Marketwire - January 28, 2010) - OneShield, Inc., the developer of OneShield Dragon®, an innovatively modern, rules- and tools-based, data-driven policy management solution, is pleased to announce that Celent, a leading research and advisory firm focused on technology strategy, has awarded Capitol Insurance Companies (Capitol) the Celent Model Insurer Award in the area of Policy Administration. Capitol has been in production with OneShield since December 2008.

"Capitol has a solid reputation and position in the market as a company that is easy to do business with, yet one that maintains underwriting discipline," stated Troy Lethem, chief information officer, Capitol Insurance Companies. "We sought a policy administration solution that allowed us to configure rules to specific bond types, bond limits, underwriting characteristics and user roles -- a platform that allowed for real-time approval and issuance, real-time declinations and real-time referral when additional underwriting was required. OneShield Dragon has allowed us to automate the underwriting and distribution processes while improving the agent experience and we are so grateful that our hard work, our agents' contributions and the results of this project are being recognized by Celent."

Celent's Model Insurer research is designed to answer an apparently simple question: "What would it look like for an insurer to do everything right with today's technology?" While the question seems straightforward when you weight different operating procedures, carrier size, books of business and more, this question is far from simple. An insurer recognized for a model insurer component is lauded for their effective use of technology in a certain area. Model insurer components help insurers improve performance and meet market demands and simply put, they represent the way things should be done.

"We could not be more thrilled that Capitol has been recognized as a market leader for demonstrating the extensibility of the Dragon system," commented Glenn Anschutz, president and CEO of OneShield. "The leadership they invested into this project has paid off in improved agent experience and reduced underwriting costs and Capitol deserves this recognition for their hard work and successfully collaboration and leadership."

For further information, please contact Meaghan Kenagy at 508.475.0188 or mkenagy@oneshield.com.

About OneShield

OneShield provides browser-based solutions to automate the sales and service of insurance and bond products for insurance carriers, major brokers, and managing general agents. Its flagship product, OneShield Dragon®, is a tools-based, data-driven insurance underwriting, policy administration, rating and workflow engine. Dragon provides configurable and modifiable options to meet today's goals and to adapt to future demands. OneShield has offices in Westborough, MA, Glastonbury, CT and Gurgaon, India. For additional information, visit www.oneshield.com

About Capitol

Capitol has been insuring business owners since 1959. Capitol is a national underwriter of specialty insurance products in niche areas of the commercial property and casualty and the fidelity and surety markets. Through its operating entities, Capitol Indemnity Corporation, Capitol Specialty Insurance Corporation and Platte River Insurance Company, Capitol offers high quality customer service in programs tailored to the needs of its customers' business and risk management strategies. Information on Capitol is available at www.capitolindemnity.com. Capitol has an A ("Excellent") rating from A.M. Best. Capitol Indemnity Corporation, Capitol Specialty Insurance Corporation and Platte River Insurance Company are subsidiaries of Alleghany Insurance Holdings LLC, whose parent company, Alleghany Corporation, is publicly traded on the New York Stock Exchange (ticker symbol "Y").

Contact Information

  • Media Contact:
    Jennifer Overhulse-King
    St. Nick Media Services
    Email Contact
    859-803-6597