Capitol Named 2012 Novarica Impact Award Winner

Capitol Named 2012 Novarica Impact Award Winner 
Honor Bestowed for Technology Transformation Accomplished With
OneShield Dragon(R) 
MARLBOROUGH, MA -- (Marketwire) -- 11/15/12 --  OneShield, Inc., a
global provider of flexible, enterprise-class, content-rich policy
and billing core systems for property/casualty insurers, is pleased
to announce that Capitol Insurance Companies has received a 2012
Novarica Impact Award in the Transformation category for the
innovative approach the company took in replacing multiple legacy
surety systems with a single modern platform, OneShield Dragon.  
Novarica's 2012 Impact Awards showcase the best insurer case studies
of 2012, which have been judged by a panel of more than 50 insurer
chief information officers (CIOs). Capitol is one of five insurer
case studies to receive the inaugural Novarica Impact Award.  
"This is a great honor for us and we are excited to be named a
standout in such an elite pool of insurer success stories," said Troy
Lethem, CIO and vice president of information services for Capitol
Insurance Companies. "With the help of our partner and technology
provider, OneShield, we have successfully increased efficiency and
improved our time to market. We were able to consolidate the surety
business onto a single system, back-office processing from four
branch offices to one, and rapidly re-enter the contract surety
market in less than seven months." 
Capitol's project included the conversion of 20 years of bond data
from multiple legacy systems, and the deployment of Capitol Express
(CapEx), the company's online, self-service, agent-facing bond
submission and renewal portal, which automates the bond underwriting
and distribution processes. In addition to policy administration,
Dragon also serves as the platform for CapEx. The goal of the project
was to improve Capitol's ability to adapt rapidly to changing
business requirements and to deploy new capabilities in both
underwriting and distribution.  
"Our CIO Research Council members have recognized Capitol's project
as outstanding amidst a large number of policy administration
replacement projects under consideration," said Matthew Josefowicz,
managing director and partner at Novarica, and lead moderator of the
Novarica Insurance Technology Research Council. "We congratulate
Capitol and OneShield on driving business impact through technology." 
"We extend our sincere congratulations to Troy and the entire Capitol
team," said Glenn Anschutz, chief executive officer and president of
OneShield, Inc. "Capitol needed a flexible policy management solution
that allowed them to configure rules to specific bond types, bond
limits, underwriting characteristics and user roles. OneShield Dragon
was able to effectively deliver this capability and has allowed them
to automate the underwriting and distribution processes to
significantly improve the overall agent experience."  
Capitol received its award yesterday at the Novarica Research Council
Impact Awards Event in New York City. To learn more, visit
oneshield.com to view an in-depth case study about the
implementation.  
About OneShield
 OneShield has successfully delivered flexible,
enterprise-class policy management, billing, rating, product
configuration and business intelligence/analytic solutions to the
global P&C/General Insurance industry since our inception in 1999.
Based on an open, tool-based architecture, OneShield Dragon(R)
provides companies with the ability to streamline product creation,
management, underwriting and distribution. With Dragon, P&C/General
insurers gain a competitive advantage that helps them improve
operations and profitability while meeting increasing customer and
market demands. OneShield Dragon(R) is in production across a
combined 43 products for commercial, personal and specialty lines of
business. OneShield develops innovative technology to better serve
the needs of the industry and more importantly, their customers.
OneShield is headquartered in Marlborough, MA and has an office in
Gurgaon, India. Visit oneshield.com to learn more, or for further
information contact Kim Morton :: 774-348-1051 ::
kimorton@oneshield.com  
About Capitol Insurance Companies 
 Capitol has been insuring
business owners since 1959. Capitol is a national underwriter of
specialty insurance products in niche areas of the commercial
property and casualty, professional lines, fidelity and surety
markets. Through its operating entities, Capitol Indemnity
Corporation, Capitol Specialty Insurance Corporation and Platte River
Insurance Company, Capitol offers high quality customer service in
programs tailored to the needs of its customers' business and risk
management strategies. Information on Capitol is available at
www.capitolindemnity.com. Capitol has an A ("Excellent") rating from
A.M. Best. Capitol Indemnity Corporation, Capitol Specialty Insurance
Corporation and Platte River Insurance Company are subsidiaries of
Alleghany Insurance Holdings LLC, whose parent company, Alleghany
Corporation, is publicly traded on the New York Stock Exchange
(ticker symbol "Y"). 
About Novarica
 Novarica provides information, insights, and
perspective on markets, operations, and technology to financial
services and insurance executives. The company delivers its service
through published research, retained advisory services, and
project-based consulting. Novarica's research includes market and
trend analyses, best practices research, case studies, and
independent analyses of insurance software vendors. Novarica draws
its knowledge from the personal experience of its principals, the
ongoing information-gathering initiatives of dedicated research
staff, and regular communication with insurer executives through
informal networks and through the Novarica Insurance Technology
Research Council, a community of more than 300 insurer CIOs and
senior executives. For more information, please visit
www.novarica.com. 
Media Contact:
Jennifer Overhulse-King
St. Nick Media Services
jen@stnickmedia.com
+1-859-803-6597 
 
 
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