OneBeacon Expands Web-Based OneChoice Personal Lines Portfolio

May 16, 2005

OneBeacon, which introduced a Web-based, multi-tiered new auto insurance product in 2004, is launching new homeowners and package products using the same OneChoice platform during 2005.

The suite of OneChoice auto, homeowners and package products, OneBeacon Insurance are designed to fit the needs and lifestyles of a broad range of drivers and property owners throughout the Northeast.

OneBeacon currently offers OneChoice Auto in Connecticut, Maine, New Hampshire, New York and Rhode Island, and OneChoice Homeowners in Maine, New York and New Jersey. Consumers in New York can combine auto, home, boat and umbrella coverage with OneChoice Package, which promises to eliminate gaps in protection and provides the convenience of one bill.

“We’ve expanded our approach to personal insurance significantly,” said Alex Archimedes, head of personal lines at OneBeacon, “and our multi-tiered products now enable us to offer insurance solutions for most drivers and most vehicles. We can also help more property owners protect their dwellings and personal possessions, and meet their liability needs.”

Agencies can process new policies through the Web-based technology. The OneChoice platform contains imbedded underwriting rules and real-time quoting so agents can quickly submit business. It also allows producers to issue policies immediately and support all policy life cycle transactions over the Internet.

OneBeacon’s agents can also take advantage of electronic capabilities to access billing information, submit claims and monitor their status, track agency loss results, manage access for individual producers, and more.

Headquartered in Boston, Massachusetts, OneBeacon Insurance Group is wholly owned by White Mountains Insurance Group, Ltd. of Hamilton, Bermuda.

Was this article valuable?

Here are more articles you may enjoy.