Federated Mutual Insurance Company Chooses OneShield Insurance Software for Enterprise Transformation
PR Newswire Association LLC |
National insurance provider for U.S. businesses plans to enhance access to customer information, increase collaboration capabilities, augment strategic analysis, and reduce expenses by migrating to OneShield for end-to-end policy administration
"Among the strategic drivers of our modernization initiative is a desire to move away from potentially aging technology that could limit future growth," says
Federated went through a lengthy due diligence and interview process of over two years to choose its new systems provider. In the end, it chose OneShield based on the strength of the software's ease of configurability and its lower overall Total Cost of Ownership.
On the latter point, Federated saw it could achieve a high level of self-sufficiency in the future using OneShield's user-friendly configuration tools, lower overall costs by leveraging a single platform proven to support the full product set of personal and commercial business lines, and benefit from the software system's simplified and low-cost upgrade process.
"We are very proud to be selected by Federated to help enhance its core systems and policy administration capabilities," says
OneShield® Policy™ is a configurable end-to-end policy management software system that cost-effectively streamlines every stage of the policy lifecycle, allowing business and technical users to easily customize its interface, workflows, rates, rules, forms and transaction processing methods. Insurance carriers can automate and simplify key processes in policy submissions, qualifications, rating and quotes processing, issuances, endorsements, renewals and cancellations, new product launches, and premium audits — all with detailed reporting and statistical analysis.
About
With its corporate headquarters in
About
Headquartered in
Formed in 1904, Federated employs nearly 2,300 people across the U.S., including in its
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