Financial Services Industry
Industry: Email Alert RSS FeedOne Shield, Inc.
Rough Notes, Dec 2000
OneShield, Inc.(TM), a provider of insurance distribution services over the Internet, announced that it is acquiring Connective Technologies, Inc., a provider of e-commerce solutions for the property and casualty insurance industry.
Houston-based Connective currently provides e-commerce solutions to more than 20 regional and national carriers. Connective was one of the first companies to offer an open model for insurance policy binding over the Internet. With more than 10 years of experience, Connective's expertise spans the areas of agency interface, expert underwriting, automated workflow, Web-enabled electronic data interchange, and e-commerce.
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OneShield's line of e-commerce solutions for the commercial insurance market in the United States and Europe will include:
OneShield Direct and OneShield Connect, which provide real-time risk analysis, streamlined policy application, and expert underwriting. These products also include automated rating, binding, and policy issuance for over eight lines of business, enabling providers to efficiently distribute and service commercial insurance products to both buyers and brokers with minimal technology and infrastructure investments.
The OneShield Brokerage, a licensed cyber-broker, which allows non-traditional providers to leverage their existing client base and brand equity to provide a full range of commercial insurance products and services to their customers.
The OneShield Call Center, a state-of-the-art 24x7 facility utilizing voice, fax, and chat, which can be bundled with all OneShield products.
For more information about OneShield and Connective Technologies, visit their Web sites (www.oneshield.com) and (www.connective-edi.com).
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