OneShield and Brovada Technologies Form Strategic Partnership

Westborough, MA – May 31, 2011 – OneShield, Inc., the developer of OneShield Dragon®, an innovatively modern, rules- and tools-based, data-driven policy management solution, is pleased to announce a strategic partnership with Brovada Technologies enabling the integration of their insurance focused products. The partnership will enable North American insurers to leverage Brovada’s portal alternative solutions to drive straight through processing for real time transactions with Dragon’s robust, policy management capabilities.

“Combining the capabilities of Brovada’s portal with Dragon’s policy management capabilities will deliver measurable benefits including improved ease of business for brokers and agents and increased underwriting efficiency,” commented Liza Smith, general manager of global strategy for OneShield. “Standardized integration points offer a powerful starting point for carriers to reference, enhance or modify to meet their needs and we feel confident that working together, OneShield and Brovada can help carriers realize faster speed to market with improved service levels.”   

OneShield Dragon is a tools-based, data-driven insurance underwriting, policy administration, rating and workflow system for personal, commercial and specialty lines of business. Based on proven insurance practices and a well-defined data model, Dragon provides configurable and modifiable options to meet today’s goals and to adapt to future demands.

“We are very excited about adding OneShield to our list of growing strategic partnerships.” says Karl Greenlaw, founder and CEO of Brovada.  “OneShield is a recognized leader in the policy management space and by leveraging our award-winning NexExchange portal alternative and conversion module insurers will gain great benefits as they leap into a modern era.”

Brovada’s NexExchange portal alternative is a company-side software solution that provides a web service interface to a carrier’s PAS (Policy Admin System).  Brovada NexExchange can be implemented either as a portal alternative or be used to provide portal automation.  In either case, brokers and agents benefit by not having to re-key information they have already inputted into their agency management system.  Brovada also has a wealth of experience integrating to legacy systems and leverages the NexExchange conversion module to assist with data cleansing, conversion and migration for policy replacement initiatives.

For further information, please contact Meaghan Kenagy at 508.475.0188 or mkenagy@oneshield.com.    

About OneShield:

OneShield provides browser-based solutions to automate the sales and service of insurance and bond products for insurance carriers, major brokers, and managing general agents. Its flagship product, OneShield Dragon®, is a tools-based, data-driven insurance underwriting, policy administration, billing, business intelligence, rating and workflow engine. Dragon provides configurable and modifiable options to meet today’s goals and to adapt to future demands. OneShield has offices in Westborough, MA, Glastonbury, CT and Gurgaon, India. For additional information, visit www.oneshield.com

About Brovada:

Brovada is a software provider specializing in business process integration, system conversions, legacy system integrations, and broker connectivity. Brovada has extensive knowledge of the standards within the insurance sector. Its expertise is often sought by leading insurers to expedite the transition of data between systems. Brovada’s products result in substantial ROI for existing systems by harnessing their existing business logic and by supplementing them with needed functionality in a cost effective manner. Brovada has offices in Toronto, Moncton and Saint John, NB.