OneShield, Inc., a provider of policy and billing core systems for property & casualty insurers, announces the expansion of its cloud services, Dragon Cloud, which will benefit insurance customers looking to lower their total cost of ownership (TCO) and increase flexibility for deploying and offering applications and services.

"The insurance industry has begun to embrace cloud capabilities for non-core services, and we expect this to expand to core services as well," says Karen Furtado, partner, Strategy Meets Action. "In fact, in a recent survey, more than 45 percent of insurers are evaluating or implementing core systems utilizing cloud services. Private cloud or a hybrid model, which is a cross between public/private, is an excellent point-of-entry for insurance companies that need the flexibility cloud offers, but want to ensure the privacy and security of their data."

Dragon Cloud extends the full capabilities of OneShield's flagship offering, OneShield Dragon, to the cloud with the option of a private cloud or hybrid cloud approach. Dragon includes Dragon Policy, Dragon Billing, Dragon Rating and Dragon Intelligence, and is a proven industry solution in production across a combined 43 commercial, personal and specialty lines of business.