SOURCE: OneShield, Inc.

OneShield, Inc.

October 01, 2009 15:08 ET

Novarica Profiles OneShield Dragon® in Vendor Solution Review

WESTBOROUGH, MA--(Marketwire - October 1, 2009) - OneShield, Inc. is pleased to announce the availability of the most recent Vendor Solution Review (VSR) report by Novarica, which features in-depth details about OneShield Dragon®, the insurance industry's leading innovatively modern, rules- and tools-based, data-driven policy management solution.

Each VSR report compiles information about a single vendor solution as well as Novarica analyst insights and perspectives necessary for insurance company executives to be able to rapidly compare a vendor's solutions against company-specific requirements. This most recent report includes details about OneShield Dragon's product functionality, user interface (UI), product architecture and customer experiences with the product.

"We are very excited to have completed the first set of many VSRs to come," said Chad Hersh, a principal in Novarica's insurance practice and author of the OneShield VSR. "They provide a level of detail about vendors and their solutions never before seen in an independent report."

The report praises OneShield Dragon's highly-modular design and the solution's appropriateness for carriers adopting either a best-of-breed approach or a gradual core systems modernization strategy. Enhancements such as the improved user-interface navigation, which promotes more efficient workflow, and the high degree of flexibility offered by OneShield Dragon's administrative configuration tool are also detailed in the report.

OneShield Dragon is configurable "out of the box" to support all personal and commercial lines of businesses, as well as specialty lines, bonds, and simple individual accident and health. The system is a tools-based, data-driven insurance underwriting, policy administration, rating and workflow engine. Based on proven insurance practices and a well-defined data model, OneShield Dragon provides configurable and modifiable options to meet today's goals and to adapt to future demands.

For further information about OneShield or OneShield Dragon, please contact Meaghan Kenagy at 508.475.0188 or mkenagy@oneshield.com. To purchase a complete copy of the report, please visit the Novarica website at www.novarica.com.

About Novarica

Novarica provides information, insights, and perspective on markets, operations, and technology to financial services and insurance executives and project teams. The company delivers its service through published research, retained advisory services, and project-based consulting. Novarica's research includes market and trend analyses, best practices research, case studies, and independent analyses of insurance software vendors. Novarica draws its knowledge from the personal experience of its principals, the ongoing information gathering initiatives of dedicated research staff, and regular communication with insurer executives through informal networks and through the Novarica Insurance Technology Research Council. More information is available online at www.novarica.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.

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