WESTBOROUGH, MA--(Marketwire - Jan 26, 2012) - OneShield, Inc., a provider of flexible and extensible policy and billing core systems for property/casualty insurers, is pleased to congratulate Privilege Underwriters Reciprocal Exchange (PURE), the only policyholder-owned insurer focused on serving the needs of high net worth individuals and families, for being named one of Celent's 2012 Model Insurer award winners for innovative use of technology.
PURE uses OneShield Dragon as its policy administration solution and credits the system's flexibility with supporting the insurer's unique business and servicing model. In particular, the Celent award lauds the integration of document e-Delivery into the company's Dragon implementation. This has led to enhanced service to PURE's members (policyholders) and agents, as well as a reduced environmental footprint.
"In OneShield, PURE has found a partner with a similar view of the purpose of technology: to enhance efficiencies and provide exceptional service," said Stuart Tainsky, senior vice president and chief information officer for PURE. "E-Delivery is a great example of one of the innovative ways that OneShield has helped PURE respond to the needs of our members and agents."
Through their use of the Dragon system, PURE's members have the ability to define their preferences regarding how they receive their policies and bills. As an added benefit, PURE was able to nearly eliminate the distribution process by integrating electronic delivery directly into Dragon.
Tainsky added, "Our ability to configure Dragon's workflow to make electronic delivery a default option for delivering documents securely has helped us save in excess of 50,000 printed pages while providing a fast, simple and reliable service to our members and agents."
"Congratulations to Stuart and his team at PURE on being named one of Celent's 2012 Model Insurers," said Glenn Anschutz, chief executive officer and president of OneShield, Inc. "PURE's commitment to exceptional service while embracing the use of technology for growing their business has resulted in a cost-effective platform upon which PURE has grown their business and provided exceptional customer service."
Each year Celent recognizes model insurers for their use of technology in an innovative way to improve performance and meet market demands. Today, award winners will be honored at Celent's Insurance Innovation and Insight Day at the Omni Parker House Hotel in Boston.
OneShield delivers flexible, content-rich core systems for billing, policy, product configuration and rating. Based on an open architecture, OneShield Dragon® provides companies with the ability to streamline product creation, management, underwriting and distribution. With Dragon, P&C insurers gain a competitive advantage that helps them improve operations and profitability while meeting increasing customer and market demands. OneShield is headquartered in Westborough, MA and has offices in Glastonbury, CT and Gurgaon, India. Visit oneshield.com to learn more.
About Privilege Underwriters Reciprocal Exchange (PURE)
For promotional purposes, PURE refers to the members of the PURE Group of Insurance Companies, “the PURE Group”. With nearly $100 million of surplus capital, $1 million of which is held in Subscriber Savings Accounts, the PURE Group is rated “A-” (Excellent) by A.M. Best Company. Insurance coverage is underwritten through Privilege Underwriters Reciprocal Exchange, a Florida-domiciled reciprocal insurance exchange and member of the PURE Group. PURE provides coverage for high-value homes, automobiles, jewelry, art, personal liability and watercraft to more than 13,000 successful individuals and families in 30 markets across the U.S. Visit www.pureinsurance.com/footprin... to follow PURE’s national expansion and see a map of the states where PURE is licensed and actively writing business. PURE is committed to helping its members reduce the price of insurance today while controlling their long-term cost of risk. PURE Risk Management LLC, a member of the PURE Group, serves as the attorney-in-fact for PURE. For more information, visit www.pureinsurance.com.