Marlborough, MA, Nov. 09, 2017 (GLOBE NEWSWIRE) -- November 09, 2017 - OneShield Software announced today that Hiscox, a global specialist insurer and the first insurance company in the US to offer small business insurance direct and online, has selected OneShield as its new software provider for policy, billing, claims and reporting.
“As Hiscox continues to rapidly grow its business in the US, we needed to find a single technology platform that had the ability to meet both the demands of our operations and the evolving needs of our clients,” said Ben Walter, Chief Executive Officer of Hiscox USA. “We have a history of innovation at Hiscox, and we expect the OneShield platform will help us achieve greater efficiencies and productivity and a contemporary digital client experience.”
OneShield Enterprise is designed to streamline technology operations onto a single platform. The flexibility of the platform gives Hiscox USA the ability to communicate with external systems in an efficient way, and attain speed-to-market capabilities that match the fast-moving segments they serve.
“Among our platform’s many competitive advantages is that it gives organizations pre-existing insurance content, features and functions to configure to their own unique workflows and processes,” says Glenn Anschutz, OneShield Software’s Chief Executive Officer. “Hiscox’s longstanding commitment to excel at customer service while providing innovative specialist insurance solutions makes them a good fit for OneShield Enterprise’s customer-centric approach and highly extensive applications.”
OneShield is currently working with Hiscox USA to deploy its new platform and migrate customer policies to the new system.
About OneShield
OneShield Software delivers core business software solutions to the global insurance and broader financial services industry, deployed in the cloud or on-premise. Our portfolio of standalone, subscription and cloud-based software products includes enterprise-class policy management, billing, claims, rating, product configuration, business intelligence and analytics solutions that leverage a tools-based open architecture and single data model platform to streamline your business. OneShield Software 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, Canada, and Australia, OneShield has a total of 48 products in production across the P&C, life, and health insurance markets.
For further information, visit www.OneShield.com.
About Hiscox
Hiscox is a global specialist insurer, headquartered in Bermuda and listed on the London Stock Exchange (LSE: HSX). Our ambition is to be a respected specialist insurer with a diverse portfolio by product and geography. We believe that building balance between catastrophe-exposed business and less volatile local specialty business gives us opportunities for profitable growth throughout the insurance cycle. It’s a long-standing strategy which in 2016 helped generate gross premiums written of £2,402.6 million and a record profit before tax of £354.5 million.
The Hiscox Group employs over 2,300 people in 13 countries, and has customers worldwide. Through the retail businesses in the UK, Europe and the US, we offer a range of specialist insurance for professionals and business customers as well as homeowners. Internationally traded, bigger ticket business and reinsurance is underwritten through Hiscox London Market and Hiscox Re and ILS.
Our values define our business, with a focus on people, quality, courage and excellence in execution. We pride ourselves on being true to our word and our award-winning claims service is a testament to that. This information is neither intended nor should be construed to be a solicitation for the purchase of insurance by any US person or entity.
For further information, visit www.Hiscox.com.
Attachments:
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/7a2c93a8-90fe-4f03-8fc5-7b608614145c
Attachments:
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/c4d624b6-c7a1-435d-a268-21cc297cb7cf