OneShield, a software provider for global P&C and general insurance industry, has introduced new software solutions, developed specifically to meet the needs of niche market providers of insurance services and products.
According to the company, OneShield Market Solutions will provide enterprise-class, time-tested and proven core system insurance software solutions through standalone, subscription-based and cloud-based business models.
OneShield CEO Glenn Anschutz said: "Out-of-the-box and hosted in the cloud with relatively little upfront investment, specialized service providers, such as managing general agencies (MGAs) and third-party administrators (TPAs), will have a fully-functioning core system platform to run all aspects of their business.
"Our cloud-based core systems allow niche players to deploy a customer-centric operating model that is configurable to how they do business, and helps reduce overhead expenses, enhanced service quality, and ramp-up business acquisition capabilities and new product speed-to-market."
OneShield Market Solutions product offerings include core system software for MGAs, TPAs, workers compensation administrators, self-insureds, and mutual and regional carriers.