OneShield’s clients can now leverage UrbanStat’s automated statistical and geographic modeling technology to create deeper insight and predictive analytics around policy data Marlborough, MA, June 28th, 2018 — OneShield Software’s (OneShield.com) cloud‐hosted, full‐suite policy administration system now integrates with analytical solutions from UrbanStat, Inc., (UrbanStat.com) a leader in the geo‐analytics space.
Leveraging UrbanStat’s pre‐built APIs, OneShield Enterprise clients can accelerate their risk‐management and predictive analysis capabilities by using hundreds of additional data points related to geography, weather, emergency response, and other risk factors.
“UrbanStat’s pre‐built risk management and analysis processes allow underwriters to make better decisions on risks in real‐time,” says Jennifer Clark, OneShield’s Director of Alliances. “Whether it is risk concentration at the level of a book of business, or highlighting of specific risks applicable to a particular location being considered – virtually every geo‐analytics use‐case can be accomplished rapidly.”
OneShield Enterprise already has robust real‐time reporting and portfolio analysis capabilities empowering finance, operations, and marketing to make run‐time decisions. With UrbanStat, clients can take their analysis to a deeper level to model and understand the impacts of underwriting and claims not only across the business but within specific geographies and regions in real‐time.
“Teaming up with OneShield was an easy decision,” says Anil Celik, Chief Executive Officer of UrbanStat. “Not only is OneShield a proven software provider in the property and casualty insurance marketplace, but we also share similar approaches to software design and scalability.”
“We used OneShield Services Design capabilities to rapidly integrate UrbanStat’s services into our workflows”, said OneShield’s VP Engineering Rakesh Parikh, “This provided an excellent test‐case for our new framework that enables the building of custom services for B2B and B2C needs.”
Enhancing Decision‐Making Across Business Lines and Functions “While UrbanStat’s solutions are focused on helping underwriters make better‐informed decisions, the geographic and ideal customer profile data generated during risk analysis can also help drive decisions made by marketing, actuarial, and claims departments”, notes Celik. Data sets for millions of customers can be analyzed effortlessly, whether it’s on a national or regional scale. Reports can be generated easily by business users and shared with colleagues. UrbanStat’s solutions not only include claim prediction and pre‐renewal risk analysis capabilities but also offer real‐time alerts to weather incidents, catastrophic events, or even an increasing amount of customer accumulations in high-risk areas. Clark adds “It’s a win‐win for the insurance industry and one that we’re proud to be a part of”.
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