Marlborough, MA — October 27, 2016
OneShield, Inc. is pleased to announce MFXchange US, Inc. (MFX) of Morristown, NJ, has signed-on as the first alliance member in its new Value Added Reseller (VAR) program — providing MFX with a rapid and efficient way to serve the Medical Professional Liability market with a proven and robust enterprise solution customizable to the needs of this unique customer base.
OneShield’s highly-configurable process automation platform empowers insurers by automating the handling of all stages of their product lifecycle. OneShield Enterprise features policy, billing, rating, claims and partner relationship management. Alliances, such as MFX, will have access to the full suite of OneShield’s software solutions leveraging significant line of business content delivered in the cloud.
“The insurance markets are trending towards more As-A-Service based solutions that can be rapidly deployed with less risk than undertaking entire enterprise transformations” says Glenn Anschutz, OneShield’s President and Chief Executive Officer. Through the VAR program, OneShield is looking to give a wide variety of industry experts the ability to leverage the power of OneShield’s software platform to quickly deploy solutions, relieving insurers’ pain points while allowing them to transform their enterprise over time.
OneShield is well known to offer and deliver pre-built core solutions designed for the P&C and Life markets however the added value of this program enables 3rd party organizations to take advantage of the extensibility of the platform to build bespoke solutions either for a client or to market standalone. “Our reseller program offers consulting firms, integrators and other companies the opportunity to broaden their potential customer base and deliver a proven platform that can be easily adapted to a wide range of financial services,” continues Glenn Anschutz.
OneShield and OneShield Insurance Software are registered trademarks of OneShield, Inc. Other capitalized terms used herein are also protected marks of OneShield, Inc. Copyright 2016 by OneShield, Inc. All rights reserved. “For MFX, this is a great opportunity to enhance our already strong presence in the P&C insurance market, where we service multiple lines of business, across various geographies using our best of breed Integrated Insurance Platform (IIP),” says Matthew Simmers, MFX’s Senior Vice President of Application Services. “The addition of the OneShield platform capability to the mix allows us to further extend our offerings by not only providing a next-generation insurance platform specifically tailored to meet the demands of the Medical Professional Liability market, but also the capability to quickly configure and deploy targeted line of business solutions across the space.”
OneShield’s VAR program was launched earlier in 2016 and the company is currently in various stages of discussions with other alliance members.
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