Capitol Insurance Cos., an underwriting insurance company for small- to mid-sized businesses, has selected OneShield Inc. as its enterprise core system technology provider. Capitol will launch a professional liability division implementing OneShield Policy, followed by plans to expand the software across its enterprise.
OneShield Policy is a policy management solution that automates every stage of the policy lifecycle, OneShield said. Capitol has licensed an enterprise version of OneShield Billing for future deployment options. The underwriting team will have the ability to write policies across multiple lines of business for its agents, enabling better customer service and cross-selling opportunities. The goal is to be a one-stop shop for distribution partners.
Among the increased efficiencies Capitol and its agents and customers will enjoy is the ability to access complete file information digitally, rather than through manual paper-based searches, OneShield said. Capitol also will have the capability to create customized “bundles” of different insurance products for individual customers, Capitol said.
