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Capitol was recognized for the technology deployed in its new online surety bond system, Capitol Express (CapEx), which allows appointed insurance agents and brokers to rate, issue and service their surety bonds online in an easy and convenient manner. With the release of this new online system in late 2008 and early 2009, registered Capitol Express users have the ability to significantly speed up the process of obtaining bonds by submitting an application, receiving approval and issuing bonds online, anytime. To complement its simplicity, CapEx uses a dynamic automated underwriting system, which gives agents the processing and management reporting tools they need, when they need them, to write business with Capitol.
“We understand the importance in the ease of doing business and believe that Capitol Express is one of the simplest online surety bond systems available. Our ultimate goal is to utilize this system for the processing of all small, transactional surety bonds throughout the United States,” said Rick Allen, President, Surety & Fidelity Operations.
“We could not be more thrilled that Capitol has been recognized as a market leader for demonstrating the extensibility of the Dragon system,” commented Glenn Anschutz, president and CEO of OneShield. “The leadership they invested into this project has paid off in improved agent experience and reduced underwriting costs and Capitol deserves this recognition for their hard work and successful collaboration and leadership.” Capitol has been in production with OneShield since December 2008.
Media Contact:
Capitol Insurance Companies
David Finkelstein - (800) 475-4450
About Capitol
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 and the 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 http://www.capitol.net. 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.
About OneShield
OneShield provides browser-based solutions to automate the sales and service of insurance and bond products for insurance carriers, major brokers, and managing general agents. Its flagship product, OneShield Dragon®, is a tools-based, data-driven insurance underwriting, policy administration, rating and workflow engine. Dragon provides configurable and modifiable options to meet today’s goals and to adapt to future demands. OneShield has offices in Westborough, MA; Glastonbury, CT; and Gurgaon, India. For additional information, visit http://www.oneshield.com
Other press releases from Capitol Insurance Companies
- Capitol Insurance Companies Expands the Availability of Accident Insurance Products - June 10th, 2010
- Capitol Insurance Companies Reports 2009 Results - March 25th, 2010
- Capitol Insurance Companies Concludes 50th Anniversary by Donating $50,000 to Designated Charities - March 17th, 2010
- Capitol Insurance Companies Selected as a Finalist for A.M. Best’s 2009 E-Fusion Award - December 22nd, 2009
- Capitol Named One of the ‘Best Places to Work in Insurance’! - October 21st, 2009
- Capitol Insurance Companies Speeds Into the Fast Lane With Commercial Automobile - June 25th, 2009
Contact Information
David FinkelsteinCapitol Insurance Companies
1600 Aspen Commons
Middleton, WI 53562
Phone: (800) 475-4450
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