Southern States Insurance Exchange (The Exchange) has selected insurance software solutions provider OneShield Software as a technology partner.

As agreed, The Exchange will replace its legacy policy management system with OneShield Software’s SaaS offering OneShield Market Solutions.

The move comes as The Exchange was seeking to enhance its process and delivery platform to deliver better services.

OneShield Market Solutions is designed to offer end-to-end policy management (quoting, binding, and servicing), billing (invoicing through to payment), and claims administration (first notice of loss through to payment).

The solution also has document management, reporting and analysis features.

The Exchange president John Madden said: “Our members look to The Exchange for comprehensive insurance and risk transfer solutions to protect their agricultural businesses.

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“OneShield’s successful track record with digital transformation for regional commercial lines providers made them the clear choice in our technology vendor search.”

OneShield chief revenue officer Liza Smith said: “OneShield is excited to partner with The Exchange.

“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.”

The Exchange operates as a reciprocal insurance company offering property & casualty insurance and risk management solutions to its Ag-Industry members.

It operates in 11 US states.