MFX, one of the largest vertical system integrators for the P&C Insurance industry, to market the full suite of OneShield's Enterprise-class "As-A-Service" technology platform for the Medical Professional Liability market.
MARLBOROUGH, Mass., Oct. 27, 2016 /PRNewswire/ -- OneShield, Inc. is pleased to announce MFXchange US, Inc. (MFX) of Morristown, NJ, has signed-on as the first alliance member in its new Value Added Reseller (VAR) program — providing MFX with a rapid and efficient way to serve the Medical Professional Liability market with a proven and robust enterprise solution customizable to the needs of this unique customer base.
OneShield's highly-configurable process automation platform empowers insurers by automating the handling of all stages of their product lifecycle. OneShield Enterprise features policy, billing, rating, claims and partner relationship management. Alliances, such as MFX, will have access to the full suite of OneShield's software solutions leveraging significant line of business content delivered in the cloud.
"The insurance markets are trending towards more As-A-Service based solutions that can be rapidly deployed with less risk than undertaking entire enterprise transformations," says Glenn Anschutz, OneShield's President and Chief Executive Officer. Through the VAR program, OneShield is looking to give a wide variety of industry experts the ability to leverage the power of OneShield's software platform to quickly deploy solutions, relieving insurers' pain points while allowing them to transform their enterprise over time.
OneShield is well known to offer and deliver pre-built core solutions designed for the P&C and Life markets however the added value of this program enables 3rd party organizations to take advantage of the extensibility of the platform to build bespoke solutions either for a client or to market stand-alone. "Our reseller program offers consulting firms, integrators and other companies the opportunity to broaden their potential customer base and deliver a proven platform that can be easily adapted to a wide range of financial services," continues Glenn Anschutz.
"For MFX, this is a great opportunity to enhance our already strong presence in the P&C insurance market, where we service multiple lines of business, across various geographies using our best of breed Integrated Insurance Platform (IIP)," says Matthew Simmers, MFX's Senior Vice President of Application Services. "The addition of the OneShield platform capability to the mix allows us to further extend our offerings by not only providing a next-generation insurance platform specifically tailored to meet the demands of the Medical Professional Liability market, but also the capability to quickly configure and deploy targeted line of business solutions across the space."
OneShield's VAR program was launched earlier in 2016 and the company is currently in various stages of discussions with other alliance members.
About OneShield, Inc.
Leveraging cutting-edge technologies and a cloud-based "As-A-Service" delivery model, OneShield solutions can be used out-of-the-box with pre-built content, or easily reconfigured to suit specific business processes or complete product lifecycles. A robust and user-friendly design tool allows customers to quickly design, configure and manage many aspects of the solution.
Our portfolio of standalone, subscription-based and cloud-based products include enterprise-class policy management, billing, rating, claims administration, product configuration, and business intelligence and analytic solutions leveraging an open architecture and single data model.
Since 1999, OneShield has been privileged to provide solutions to many of the strongest and fast-rising names in the financial services industry, ranging from those with single lines of business to others with multiple products in Personal, Commercial, Life and Specialty Markets — a combined 46 lines of business in production among clients based around the world.
Through OneShield Market Solutions, we provide solutions that meet the unique needs of financial services niche sectors, including Managing General Agencies, Regional Carriers, Risk Pool Organizations, Workers' Compensation Administrators, Managing General Agencies, Third Party Administrators and small to mid-sized market insurers.
With corporate headquarters in Marlborough, MA, and global offices in India, Canada, Australia and the United Kingdom, OneShield is committed to supporting clients' growth, increasing their speed-to-market, enhancing internal and external efficiencies, and enabling client self-sufficiency lowering total cost of ownership. To learn more, visit OneShield.com.
About MFXchange US, Inc.
MFX is a fully-owned subsidiary of Quess Corp Limited, which is a step-down subsidiary of USD $42+ billion (as of 30th Sept 2015) Multinational Fairfax Financial Holdings. MFX is a specialist vertical system integrator for the insurance industry, providing end-to-end services leveraging strong capabilities in PaaS, Infrastructure, ADM, BPO, Analytics and GRC services. Headquartered in Morristown, NJ, MFX has additional locations and data centers in Virginia, Texas, Toronto, and Ireland, and multiple development centers in India. MFX provides critical support and business applications to the property and casualty industry, processing more than $2.7 billion in insurance premiums annually for customers on its systems and supporting core insurance applications, infrastructure and business processes. For more information, visit www.MFXServices.com.
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SOURCE OneShield, Inc.