ProspX Chosen by OneBeacon Insurance for On-Demand Sales Collaboration
Carrier Will Leverage Platform to Connect with Brokers at Initial Point of Opportunity
AUSTIN, Texas – September 23, 2009 – ProspX, Inc., developer of the first on-demand sales collaboration and automation solution for the commercial insurance industry, today announced that OneBeacon Insurance is participating on the ProspX platform with its Technology and Health Care offerings. OneBeacon, one of a select group of insurers that has consistently maintained an A.M. Best rating of "A" or higher, is taking advantage of ProspX as an additional tool to differentiate itself in the marketplace, strengthen producer relationships, and stay ahead of its competitors.
“ProspX offers another way to enhance our visibility with our agency and brokerage partners and increase the business we write,” said Drew Carnase, Senior Vice President of OneBeacon’s Commercial Lines division, which manages the company’s Technology product. “We’re very enthusiastic about its potential for success.”
The ProspX on-demand enterprise search and collaboration platform enables producers and marketers to reach out automatically to carrier specialists to obtain critical information regarding a business opportunity. Producers get what they need much more quickly, and carriers have another tool to demonstrate their expertise.
OneBeacon Professional Insurance specializes in professional liability solutions for health care and other targeted industries. “Several of our top agents and brokers use the ProspX technology for their own internal and carrier partner collaboration,” said Steve Spina, Senior Vice President, Health Care Underwriting. “This is another great way for OneBeacon to streamline communications with our producer partners, which adds more value for them and for our customers.”
“We are delighted that OneBeacon has chosen the ProspX platform to help grow its new and renewal business,” said Todd Young, President and CEO of ProspX. “We’re committed to helping successful companies like OneBeacon further improve productivity, increase win rates, and retain more business by automating their sales frontline.”
For more information on ProspX solutions for the commercial insurance industry, visit www.prospx.com.
About OneBeacon Insurance
OneBeacon Insurance Group’s underwriting companies offer a range of specialty and segmented commercial and personal insurance products sold through select independent agents, regional and national brokers, and wholesalers. As one of the oldest property and casualty insurers in the United States, OneBeacon traces its roots to 1831 and the Potomac Fire Insurance Company. Today, OneBeacon’s specialty insurance businesses are national in scope, while commercial lines business is produced in select territories throughout the United States. Personal lines business is concentrated in the Northeastern United States. OneBeacon’s U.S. headquarters is in Canton, Massachusetts. The company is publicly traded on the New York Stock Exchange under the symbol “OB”. You can visit OneBeacon Insurance online at www.onebeacon.com.
About ProspX, Inc.
Built for the commercial insurance industry by insurance professionals, ProspX, Inc., headquartered in Austin, Texas, develops on-demand sales collaboration platform that improves productivity and streamlines communications between agencies, brokers, and carriers. Combining the best of enterprise search, social networking and sales collaboration technology, ProspX gives brokers quick and easy access to the critical internal resources available for new and renewal business, while allowing carriers the ability to elevate their message for increased visibility at the initial point of opportunity. For more information please visitwww.prospx.com and follow ProspX on www.twitter.com/prospx.
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ProspX is a trademark of ProspX, Inc. All other company and product names mentioned are used only for identification and may be trademarks or registered trademarks of their respective companies.
Media Contact:
Jill Ford
jill.ford@prospx.com
(512) 657-8915
