OneShield and UrbanStat to Bring Real-Time to Insurers Via Machine Learning

machine learning

OneShield’s clients can now use UrbanStat’s automated statistical and geographic modeling technology for machine learning.

OneShield Software has announced that their cloud-based full-suite policy administration system will now be integrated with the analytical and machine learning tools offered by UrbanStat, a firm that specializes in the geo-analytics space.

OneShield’s Enterprise clients can now access UrbanStat’s pre-built APIs to improve their risk management and predictive analytics capabilities with the ability to use hundreds of data points that are connected to weather, geography, emergency response and other factors.

“UrbanStat’s pre-built risk management and analysis processes allow underwriters to make better decisions on risks in real-time,” says Jennifer Clark, OneShield’s Director of Alliances. “Whether it is risk concentration at the level of a book of business, or highlighting of specific risks applicable to a particular location being considered – virtually every geo-analytics use-case can be accomplished rapidly.”

See also: Get ready for big data to modernize the insurance sector

OneShield Enterprise offers users real-time portfolio analysis and reporting tools aimed at helping finance, operations, and marketing departments to make better decisions. UrbanStat will allow them to conduct even deeper analysis and gain insights into underwriting and claims, both across the business and across regions in real-time.

“Teaming up with OneShield was an easy decision,” says Anil Celik, Chief Executive Officer of UrbanStat. “Not only is OneShield a proven software provider in the property and casualty insurance marketplace, we also share similar approaches to software design and scalability. While UrbanStat’s solutions are focused on helping underwriters make better-informed decisions, the geographic and ideal customer profile data generated during risk analysis can also help drive decisions made by marketing, actuarial, and claims departments.”

“We used OneShield Services Design capabilities to rapidly integrate UrbanStat’s services into our workflows”, said OneShield’s VP Engineering Rakesh Parikh, “This provided an excellent test case for our new framework that enables the building of custom services for B2B and B2C needs.”

Sue Walsh

About Sue Walsh

Sue Walsh is News Writer for RTInsights, and a freelance writer and social media manager living in New York City. Her specialties include tech, security and e-commerce. You can follow her on Twitter at @girlfridaygeek.

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