Westborough, Mass. – A Bermuda-based provider of customized reinsurance and insurance solutions, Montpelier Insurance Holdings deployed Westborough, Mass.-based OneShield Inc.’s Dragon, a tools-based, data-driven insurance underwriting, policy administration, rating and workflow engine, to support the administration of its commercial insurance product in the United States.
Signing the agreement in late January 2008, Montpelier set a goal to have the system up and in production within six weeks. This marks the most rapid deployment to date of the Dragon platform. It not only involved the configuration of the Dragon system to meet Montpelier’s business needs, but it also entailed the setup of a complete hosted solution by OneShield, a provider of insurance technology solutions, to deliver on the rapid time to market required by Montpelier. A focused implementation team and Montpelier’s ability to leverage the out-of-the-box commercial product definitions and workflows of the Dragon system accomplished this, the company said.
“Our company conducted a comprehensive search to find the right software solution and the right partner for supporting our rapid go-to-market strategy,” said Patrick Porter, VP and controller for Montpelier Insurance Holdings. “We decided on the OneShield Dragon product due to its strong reputation, feature rich tools and out-of-the-box capabilities. Our teams worked seamlessly to deliver a critical system within an aggressive timeline to support the start of our new company.”
OneShield CEO Glenn Anschutz commented, “We are pleased to have delivered on a promise to support Montpelier newly formed U.S. operations with a solid policy administration system and a fully hosted production environment. Our ability to support the configuration, build-out and ongoing support of a hosted Dragon solution allowed their executive team to focus on building their new business.”
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