(Image credit: Andreas Hoja.)
Falcon Risk Holdings (Summit, N.J.) has selected the OneShield Software (Marlborough, Mass.) SaaS cloud offering, OneShield Market Solutions. Falcon is a managing general agency, initially focused on underwriting and claims management of financial and cyber lines of insurance business throughout the U.S. OneShield reports that it will provide Falcon with its full suite of automated technology solutions for end-to-end policy administration, billing, claims, reporting, and analytics.
“Leveraging OneShield’s scalable and adaptive core systems platform, we will bring a series of new and innovative financial lines and cyber insurance products to market that can be quoted and bound rapidly,” comments Craig Landi, CEO, Falcon Risk Holdings. “OneShield’s technology complements our analytical and automated underwriting approach.”
OneShield describes its SaaS offering as providing out-of-the-box functionality for policy management, including document management, reporting, and analysis, all completely configurable for MGA-specific requirements.
“We are excited to work closely with Falcon on its market launch and future growth,” says OneShield Chief Revenue Officer Liza Smith. “This is another in a series of recent OneShield successes in the MGA, commercial liability market space.”