MARLBOROUGH, Mass., Oct. 17,
2023 /PRNewswire/ -- OneShield, a leading provider of
innovative insurance software solutions, is pleased to announce its
integration with the next generation ISO Electronic Rating Content™
(ISO ERC™) from Verisk, a leading global data analytics and
technology provider. This strategic initiative helps insurers lower
operating costs, reduce risks, and get to market quickly, making it
a milestone for OneShield as it enhances its offerings with
cutting-edge insurance solutions.
This strategic initiative between OneShield
and Verisk helps insurers lower operating costs, reduce risks, and
get to market quickly.
Verisk's ISO ERC is the industry-standard method for automating
the manually intensive process for updating ISO loss costs, rules,
and coverage updates, enabling customers to dramatically reduce the
overall time and effort in analyzing, interpreting, and
implementing changes.
OneShield's suite of insurance software solutions will be
seamlessly integrated with Verisk's ISO ERC, allowing insurance
carriers to optimize their rating and policy administration
processes with the utmost accuracy and efficiency. This integration
ensures standardized data exchange between insurers and OneShield's
offering, enabling an insurer to manage the latest ISO filing
through a simple, intuitive tool, ultimately reducing operational
complexity and accelerating speed to market.
"Verisk's ISO ERC is helping a growing number of customers lower
costs, realize efficiencies, and reduce risk in today's rapidly
changing market, and it is part of Verisk's deep and broad
commitment to support insurers at every step of the insurance value
chain," said Ron Beiderman, Senior
Vice President of Core Lines Products & Services at Verisk.
"Our combined solution will enable insurers to benefit from timely,
streamlined updates to our commercial lines rating programs."
OneShield's Chief Product Officer, Liza
Petrie, adds: "In today's dynamic insurance landscape, it's
not enough to just have information. It's about having the right
information at the right time. Our integration with Verisk's ISO
ERC is a giant leap forward in that direction — ensuring our
clients are always a step ahead in serving their customers."
OneShield's industry-specific expertise combined with Verisk's
ISO ERC will empower insurers to make informed decisions, respond
quickly to market demands, and enhance customer experiences.
For more information or to schedule a media interview, please
contact:
Janice Merkley - VP of
Marketing
OneShield
T: 774.348.1000 |
E: jmerkley@oneshield.com
Michelle Pantina
Verisk
T: 551-500-7327 |
E: michelle.pantina@verisk.com
About OneShield
OneShield provides business solutions for P&C insurers and
MGAs of all sizes.
OneShield's cloud-based and SaaS platforms include
enterprise-level policy management, billing, claims, rating,
relationship management, product configuration, business
intelligence, and smart analytics.
Designed specifically for personal, commercial, and specialty
insurance, our solutions support over 90 lines of business.
OneShield's clients, some of the world's leading insurers, benefit
from optimized workflows, pre-built content, seamless upgrades,
collaborative implementations, and pricing models designed to lower
the total cost of ownership.
Our global footprint includes corporate headquarters in
Marlborough, MA, with additional
offices throughout India.
For more information, visit www.OneShield.com.
About Verisk
Verisk (Nasdaq: VRSK) is a leading strategic data analytics and
technology partner to the global insurance industry. It empowers
clients to strengthen operating efficiency, improve underwriting
and claims outcomes, combat fraud, and make informed decisions
about global risks, including climate change, extreme events, ESG
and political issues.
Through advanced data analytics, software, scientific research,
and deep industry knowledge, Verisk helps build global resilience
for individuals, communities, and businesses. With teams across
more than 20 countries, Verisk consistently earns certification
by Great Place to Work and fosters an inclusive
culture where all team members feel they belong.
For more, visit Verisk.com and the Verisk
Newsroom.
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SOURCE OneShield Software