“Given the economic malaise and soft market we are currently faced with, P&C insurers need real time insight into their operations in order to proactively react to changing market and business conditions,” said Steve Forte, industry principal for OneShield. “Having a granular view of key performance indicators will differentiate the leaders and followers.”
OneShield's core product, Dragon, is a policy administration system that can support personal, commercial, and specialty lines of business on the same platform.
The company said its new program takes into account a company’s business model so that it can better facilitate the underwriting process and provides services for agency management, channel marketing, underwriting and operations.