Dave McKenna from Upland and Cole Anderson from OneShield.
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Transforming specialty lines and excess & surplus insurance with innovative technology
Specialty lines and excess & surplus (E&S) insurers navigate unique opportunities and challenges, serving hard-to-place risks and niche markets. Challenges include volatile conditions, complex underwriting, and specialized expertise demands. A core insurance platform for excess & surplus lines is pivotal, streamlining underwriting, enabling accurate risk assessment, and leveraging data analytics to drive profitability in niche markets. A proven core platform also supports regulatory compliance, empowering specialty lines and E&S insurers to capitalize on market opportunities and manage their unique business landscape with confidence.
That’s where OneShield comes in.
That’s where OneShield comes in.
Functionality Highlights
OneShield's Policy, Billing, and Claims Administration Solutions provide the unique functionality tailored to the needs of specialty lines and E&S insurers. Beyond the core features, here are some key highlights:
Policy
Policy Management
Key functionality:
Complex underwriting and policy issuance for specialty lines
Manage customer data at an account and policy level
Configurable policy options and coverages
Support for admitted and non-admitted products
Support full entity management across the policy lifecycle
Endorsement management to accommodate evolving risk needs
Primary and excess coverage and registration for subscriptions and towers
Ability to override premiums at the policy, coverage, and rating factor level
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Billing
Billing and Accounting
Key functionality:
Flexible billing options and payment plans for premium collection
Integration with financial systems for accurate reporting
Automated invoicing and premium calculations
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Claims
Claims Management
Key functionality:
Comprehensive claims handling for specialty risks
Assignment administration to internal and/or external parties through tasks, diaries, and notes
Streamlined claims processing for efficient resolution
Integration with third-party claims adjusters and experts
Comprehensive litigation tracking and management
Robust business intelligence capabilities
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Analytics
Analytics
Key functionality:
Real-time analytics for risk assessment and pricing
Data-driven insights for strategic decision-making
Comprehensive reporting for regulatory compliance
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Customer Engagement
Customer Engagement
Key functionality:
Self-service portals for policyholders and partners
Enhanced customer satisfaction and loyalty
Personalized communication to build strong relationships
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Client Success
Digital strategies and priorities in Commercial Lines insurance.
Related resources
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