Advantage Insurance Holdings Ltd. of Grand Cayman will automate its largely paper-based core system for issuing and rating insurance products using OneShield’s Enterprise software, the company recently announced. 

Advantage, based in the Cayman Islands, provides specialty insurance to business owners and high net worth clientele for their risk management and financial planning needs. OneShield’s cloud-based platform allows for faster task and document processing as well improved customer communication, beneficial to the insurer’s current business. It also enhances the company’s business intelligence reporting, the companies say.

"OneShield's technology platform gives us the flexibility and horsepower we need to meet our goals for future growth and scalability," says Eric Miller, senior vice president for Advantage Life. "Ultimately, it means we can service our clients with the utmost efficiency and responsiveness."

This is the first life insurance customer for the vendor.

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