Investment firm, Beat Capital Partners (Beat), has chosen OneShield Software’s as a service (SaaS) technology platform – OneShield Market Solutions (OMS), to launch and incubate new Managing General Agents (MGAs).
With its out-of-the-box features, OMS will help to provide optimized operational efficiencies and fuel Beat’s entry into the US market.
In a press release, it says that OMS provides functionality for policy management, billing, and claims administration, including document management, reporting, and analysis, all configurable for the complex requirements of MGAs.
“We conducted an extensive review of available insurance technology platforms and selected OneShield for a combination of reasons, including OMS’s all-in-one pricing model, overall system capabilities, and their deep industry experience,” says April Galda Joyce, Beat Capital America’s CEO.
“OneShield’s team listened to us and clearly understood our overall business plan, and the platform itself has an excellent reputation in the startup and MGA marketplace.”
Liza Smith, OneShield Chief Revenue Officer, added: “Last year was a banner year for OneShield’s SaaS offering as many startup insurers and MGAs sought to adopt scalable and configurable applications with proven rapid time-to-market implementation timelines. We are so proud to be able to meet these same criteria for Beat Capital and look forward to partnering as they grow their business in the U.S. market.”
