Federated Mutual Insurance Co., a commercial general and specialty insurer, will migrate from its current legacy software system to OneShield Policy.
Federated went through a two year due diligence and interview process to select a new systems provider and chose OneShield based on the software’s ease of configurability and lower total cost of ownership. Federated expects to benefit from OneShield's user-friendly configuration tools and its simplified and lower-cost upgrade processes, and to further reduce costs by leveraging a single platform to support both personal and commercial business lines.
"Among the strategic drivers of our modernization initiative is a desire to move away from potentially aging technology that could limit future growth," says Jim Thon, EVP, director of insurance operations. "At the same time, we saw OneShield could provide a core systems platform that enhances our ability to confidentially share customer information among our teams, improves collaboration, reduces manual processes and duplication, offers more quality data for strategic analysis, and allows us to focus on capabilities that demonstrate value to our customer."
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