Public Risk Underwriters of Florida Inc. chooses OneShield Software’s Cloud-Based Policy Management Solution
FOR IMMEDIATE RELEASE
Focused on reducing the total cost of ownership and enabling long-term scalability, OneShield’s configurable and automated web-based “As-a-Service” technology platform is geared to the unique requirements of Risk Pool Organizations.
Marlborough, MA Marlborough, MA – March 23rd, 2016; OneShield Software and Public Risk Underwriters of Florida Inc. will be working collaboratively over the coming months to implement OneShield Market Solution’s cloud-based policy, loss prevention and business intelligence modules to manage Public Risk Underwriters’ public entity Workers’ Compensation and Commercial package products.
“We are very pleased to welcome Public Risk Underwriters, to the growing list of OneShield clients embracing our “As-a-Service” offerings,” says Liza Smith, OneShield’s Senior Vice President Global Sales. “Our cloud-based platform allows Risk Pool Organizations to leverage the core system platform designed specifically for their unique business needs, without incurring large upfront license fees or hardware costs.”
Key to Public Risk Underwriters’ decision was that OneShield’s cloud-based software gave the organization significant functionality out-of-the-box alongside the freedom to configure the solution to meet its own unique workflows and processes. Additionally, they sought a solution that would produce detailed business analytics and intelligence, and the ability to enhance its Risk Management capabilities. Meeting their selection criteria, OneShield’s solution will also allow Public Risk Underwriters to work more closely with agents through a highly-secure web portal enhancing their policy management processes.
“Our executive team was concerned for some time that legacy offerings in the marketplace designed for risk pools lacked important features, ease of configurability and upgradeability,” says Ann Hansen, Public Risk Underwriters’ Director of Operations. “We were very pleased to learn that OneShield offered a solution specifically for Risk Pool Organizations that will allow us to meet our business and technology needs.”
OneShield Market Solutions for Risk Pool Organizations is a cost-effective, secure and configurable policy administration solution supporting multiple insurers, vendors, insureds, captives, and other stakeholders. The technology empowers Risk Pool Organizations by enabling them to automate the handling and auditing of many stages of the policy lifecycle with custom algorithms, specialty rate handling, unlimited billing and payment plans, and account-specific procedures.
The flexible and scalable nature of the cloud solution will free Public Risk Underwriters from many of the time-consuming and costly software maintenance and configuration issues that arose with its legacy platform.
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