OneShield Congratulates Darwin Professional Underwriters on Being Named in Celent’s “Model Carrier 2008” Report

17 March 2008

OneShield today announced that Celent, LLC, a leading research and advisory firm focused on insurance technology strategy, has included OneShield’s client, Darwin Professional Underwriters, in the Celent Model Carrier 2008: Case Studies in Effective Use of Technology in Insurance. Darwin was named in the report as a “Model Carrier Component” in property and casualty.

Bob Asensio, CIO of Darwin, will be presenting Darwin’s business case study at the first annual OneShield Users Group Conference to be held in April.

In the report, Celent states that Darwin’s (i-bind) system streamlines ‘the processing of specialty liability policies from application submission to policy issuance with a web front end, an integrated underwriting system, and an automated policy issue system.’ The (i-bind) system was put into place in 2005 using the OneShield® Dragon policy administration suite and deployed in an Oracle/WebSphere/Linux environment.

Since deploying (i-bind), the results have been extremely impressive. Darwin’s bind to quote ratio has improved by 10%. Meanwhile, the declination ratio has plummeted to less than 5%. Perhaps the greatest achievement is the fact that the total time from submission entry to policy issuance has gone from 30 days to 10 minutes. That type of efficiency is what makes Darwin a “Model Carrier Component”.

We want to congratulate Bob and his team for winning this award. Darwin has been a leader in their market as well as in demonstrating the extensibility of the Dragon system by leveraging the power of our tools to change they way they do business with their agent partners for a radically different customer experience. Ultimately they have a focus on making it easier for their agents and we are happy to be their partners. Said Glenn Anschutz Chief Executive Office of OneShield, Inc.

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