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OneShield Expands Cloud Operations
Customers Gain Access to Benefits of Cloud Services
By: Marketwired .
Jan. 29, 2013 11:15 AM
MARLBOROUGH, MA -- (Marketwire) -- 01/29/13 -- OneShield, Inc., a global provider of flexible, enterprise class and content-rich policy and billing core systems for property/casualty (P&C) insurers, is pleased to announce the expansion of its cloud services. Dragon Cloud will directly benefit insurance customers looking to lower their total cost of ownership (TCO) and increase flexibility for deploying and offering applications and services.
"The insurance industry has begun to embrace cloud capabilities for non-core services, and we expect this to expand to core services as well," said Karen Furtado, partner, SMA Strategy Meets Action. "In fact, in a recent survey, more than 45 percent of insurers are evaluating or implementing core systems utilizing cloud services. Private cloud or a hybrid model, which is a cross between public/private, is an excellent point-of-entry for insurance companies that need the flexibility cloud offers, but want to ensure the privacy and security of their data."
Dragon Cloud extends the full capabilities of OneShield's flagship offering, OneShield Dragon® (Dragon), to the cloud with the option of a private cloud or hybrid cloud approach. Dragon includes Dragon Policy, Dragon Billing, Dragon Rating and Dragon Intelligence, and is a proven industry solution in production across a combined 43 commercial, personal and specialty lines of business.
OneShield's Dragon Cloud features include:
"We recognize the importance of flexibility for our customers and that is why we have been offering cloud capabilities for more than six years with seven customers in production. Our customers provide commercial and personal products, but many now compete in specialty markets and Dragon Cloud has enabled them to cost effectively expand into these new markets quickly," said Glenn Anschutz, president and CEO at OneShield.
"With the growing demand for these capabilities in the industry, we are increasing our focus in this area and expanding our cloud-based services to provide even more benefits to our customers," said Tim Steele, SVP of US Sales at OneShield. "Cloud has the potential of helping customers significantly lower their total cost of ownership based on its shared infrastructure model and OneShield offers an approach that delivers the highest level of privacy and security while easing the burden of infrastructure demands."
Dragon Cloud leverages the flexibility of Dragon's configuration tool set, allowing for a more custom application to roll out new products than the traditional Software-as-a-Service (SaaS) approach.
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