Catastrophe insurer ICAT has implemented OneShield as its policy administration vendor.
The new platform allows ICAT to automate its submission management, clearance, rating, modeling, and quoting processes, according to the companies. Additionally, OneShield Enterprise grants the insurer’s underwriters access to an online end-to-end underwriting platform which delivers faster a turnaround time to producers. ICAT clears more than 40,000 catastrophe insurance applications every year.
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