The Exchange seeks to transform its process and delivery platform to provide superior service with greater efficiency to its members and plans to implement OneShield’s policy, billing, claims and reporting to support their commercial lines product portfolio, including general liability, commercial auto, inland marine, workers’ compensation, and the AAIS Commercial Output Program.

“Our members look to The Exchange for comprehensive insurance and risk transfer solutions to protect their agricultural businesses,” said John Madden, President of The Exchange. “OneShield’s successful track record with digital transformation for regional commercial lines providers made them the clear choice in our technology vendor search.”

OneShield’s SaaS offering provides end-to-end policy management (quoting, binding, and servicing), billing (invoicing through to payment), and claims administration (first notice of loss through to payment), including document management, reporting, and analysis. This approach delivers rapid implementation while allowing for customization to address the unique needs of regional commercial insurers within an all-in-one pricing model.

“OneShield is excited to partner with The Exchange,” said OneShield Chief Revenue Officer Liza Smith. “This win reflects the advantage we offer insurers – cost-effective SaaS that addresses current requirements while ensuring the technology will be responsive as their needs change.”