AI TOOL PROFILE
OneShield: Core Insurance Platform for P&C Insurers and MGAs
- Finance and Accounting
- ERP
- P&C Insurers
- Managing General Agents (MGAs)
- Insurance Startups
- Specialty Lines Insurers
Pricing
Pricing was not clearly available from the provided evidence. Buyers should confirm current pricing on the vendor website.
At a glance
- Best for
- P&C Insurers, Managing General Agents (MGAs), Insurance Startups, Specialty Lines Insurers
- Key use cases
- P&C Policy Administration, MGA Operational Setup, Billing Lifecycle Management, Specialty Line Rating
- Official website
- Visit oneshield orm official website
How AI is used
OneShield is a cloud-based suite of core insurance tools for property and casualty (P&C) insurers, Managing General Agents (MGAs), and insurance startups. The platform is offered in two versions: OneShield Enterprise, which uses microservices architecture and is configuration-driven, and OneShield Market Solutions, a managed SaaS option with pre-loaded insurance content and rules.
The software supports over 90 lines of business across the insurance value chain, including rating, policy issuance, billing, and claims processing. It includes a design tool called OneShield Designer that allows users to manage insurance products through configuration.
Buyers should confirm whether the flexibility of the Enterprise version or the managed nature of Market Solutions better fits their needs. Since the system is configurable, organizations may want to assess their internal IT capacity to manage the design tools and workflows.
Key Features
Policy Management
Supports the policy lifecycle, including new business, renewals, endorsements, and cancellations for personal and commercial products.
Billing and Receivables
A system for invoicing, reconciliations, commission management, and tracking payables and receivables.
Claims Processing
An incident-centric solution for managing claims from the first notice of loss through to file closure.
Rating Engine
Supports multiple writing and rating companies with version control for various rate books and filings.
AI Hub
An AI-focused platform with Anthropic Certification for Zero Data Retention and registration with the Cloud Security Alliance AI Controls Matrix.
Relationship Management (ORM)
Provides partners with automated access to manage staff, write new business, and process reconciliations.
Use Cases
P&C Policy Administration
Managing the lifecycle of property and casualty policies for commercial and personal lines.
MGA Operational Setup
Supporting the scaling of policy and claims operations for new or established MGAs.
Billing Lifecycle Management
Using automation for invoicing, payment reminders, and cash applications to manage receivables.
Specialty Line Rating
Implementing rating rules for specialty insurance products across different states.
FAQ
Who is OneShield designed for?
- OneShield is designed for P&C insurers, Managing General Agents (MGAs), and insurance startups.
What is the difference between OneShield Enterprise and Market Solutions?
- OneShield Enterprise is a configuration-driven platform, while Market Solutions is a fully managed SaaS solution that includes pre-loaded content, workflows, and updates.
Does OneShield support specialty insurance?
- Yes, the platform is designed for personal, commercial, and specialty insurance, supporting over 90 lines of business.
Source category: Finance & Accounting
Source subcategory: ERP
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