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OneShield Salutes Capitol Insurance Companies
Celent Model Insurer Award Winner for Policy Administration Component
| Quelle: OneShield, Inc.
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").