...

Adapt to the evolving Commercial Insurance landscape.

Commercial insurers navigate growth opportunities amid market expansion but grapple with challenges like heightened competition, regulatory requirements, and a talent shortage. A proven core insurance platform facilitates data-driven decisions, automates tasks, and enhances digital interactions, bolstering cybersecurity to empower insurers in staying competitive, delivering superior customer experiences, and navigating the dynamic insurance landscape.

 

That’s where OneShield comes in.

Download Datasheet
...
...

Functionality
Highlights

OneShield's Policy, Billing, and Claims Administration Solutions provide some unique functionality tailored to the needs of Commercial Lines insurers. Beyond the core features, here are some key highlights:

Policy Management

  • Support for admitted and non-admitted products.
  • Primary and excess coverage and registration for subscriptions and towers.
  • Country-wide model for product definition and maintenance.
  • Manages variations required to administer insurance programs.
  • Easy maintenance allows for reusability across products and programs.
  • Manage customer data at an account and policy level.
  • Support full entity management across the policy lifecycle.
  • Streamlined underwriting and policy issuance.
  • Configurable policy and coverage options.
  • Ability to override premiums at the policy, coverage, and rate factor level.
  • Endorsement management for policy changes.
  • Reinsurance tracking capabilities.
  • Tools to streamline the processing of large schedules of assets.

Billing & Accounting

  • Flexible billing options for different lines of business.
  • Automated invoice generation and premium calculations.
  • Integration with accounting systems for accurate financial reporting.
  • Support for taxes, fees, and surcharges including flexible earning methods.

Claims Management

  • Robust claims handling and tracking.
  • Integration with claims adjusters and medical providers.
  • Fraud detection
  • Incident and claim level tracking.
  • Efficient claims intake and processing via a web portal, email, or manual entry.
  • Automated coverage identification based on loss information.
  • Assignment administration to internal and/or external parties through tasks, diaries, notes, etc.
  • Rules-based recovery identification across different types such as salvage, subrogation, reinsurance, and deductibles.
  • Agency and customer portals for reporting and tracking loss statuses.
  • 360-degree claim summary view.
  • Robust business intelligence capabilities.
  • Catastrophe management.
  • Comprehensive litigation tracking and management.

Analytics & Reporting

  • Real-time data analytics for risk assessment.
  • Comprehensive reporting for performance analysis.
  • Support for informed decision-making and strategy development.

Customer Engagement

  • Enhance customer relationships with self-service portals.
  • Personalize communication to policyholders.
  • Improve client retention and satisfaction.

Client Success

Fireside Chat: Erie Insurance & OneShield discuss digital distribution enablement.

Timothy Shine, Vice President, Commercial Lines Technology Erie Insurance
...
image
Client Success

Fireside Chat: Erie Insurance & OneShield discuss digital distribution enablement.

Timothy Shine, Vice President, Commercial Lines Technology Erie Insurance
Download eBook
image

Schedule a Demo

Connect with a OneShield Commercial Lines Insurer specialist to discuss your technology needs, and to schedule a demo.