PURE Insurance Extends Its Long-Stand­­ing Relationship with OneShield

The new five-year agreement extends PURE’s use of OneShield Enterprise to include the pre-built catalog of APIs through the Services Designer tool.

(Image source: PURE.)

Privilege Underwriters Reciprocal Exchange (PURE; White Plains, N.Y.), a policyholder-owned insurer of high-net-worth individuals, has committed to a multi-year agreement with OneShield (Marlborough, Mass.) The agreement extends PURE’s use of OneShield Enterprise to include OneShield’s pre-built catalog of APIs through the Services Designer tool and unlimited access and use of the extensive use case library.

Jason Lichtenthal, SVP, CIO, PURE.

OneShield’s over 16-year relationship with PURE is one of the vendor’s longest. “The technical and executive teams at PURE have been a constant source of new ideas and feedback on a wide range of our products and processes,” comments Liza Smith,  Chief Revenue Office, OneShield. “This is the very definition of a successful client/vendor partnership—formed at the time PURE was a startup to writing over $2 billion in premiums today.”

PURE and OneShield recently took the opportunity to advance their ongoing engagement model by identifying new best practices for sharing the latest technology developments, setting new goals for partnering at all departmental levels of PURE, and creating a formal plan to further enhance the OneShield Enterprise platform to support PURE’s rapid growth objectives, according to a OneShield statement.

“For PURE, these new best practices will serve to further our team members’ capabilities and experiences of self-managing the technology platform while still accessing the latest knowledge and innovations being developed by OneShield’s engineering and product teams,” comments Jason Lichtenthal, SVP, CIO, PURE.

Liza Smith, EVP, Chief Revenue Officer, OneShield.

OneShield’s Services Designer implements a collection of vendor and product-independent pre-configured APIs. This collection of services allows external applications to remotely execute business transactions on the OneShield platform, the vendor explains. Any processing that has traditionally been tied to the user interface, or available solely within the platform, has been de-coupled and made available as-a-service. These services enable external systems to exchange data with the OneShield platform and expose insurance product definitions to third-party systems – enabling, for instance, portals or specialized functional applications such as risk management.

Deepening Connection

“We welcome this opportunity to deepen the connection between our two organizations,” adds Smith. “Our commitment to aligning our respective teams with PURE’s strategic growth plans is just one reason they have been an advocate for OneShield, and we look forward to the next phase of this long-standing partnership.”

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Anthony R. O’Donnell // Anthony O'Donnell is Executive Editor of Insurance Innovation Reporter. For nearly two decades, he has been an observer and commentator on the use of information technology in the insurance industry, following industry trends and writing about the use of IT across all sectors of the insurance industry. He can be reached at AnthODonnell@IIReporter.com or (503) 936-2803.

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