![]() ![]() (TMNF), and the affiliation between the U.S. The rating actions consider implicit and explicit support provided by the ultimate parent, Tokio Marine Holdings, Inc., its lead insurance operating company, Tokio Marine & Nichido Fire Insurance Co., Ltd. The ratings reflect PURE Group’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management. PURE and PIC are domiciled in Fort Lauderdale, FL. ![]() The outlook of these Credit Ratings (ratings) has been revised to stable from positive. PIC and PURE Risk Management LLC, which serves as attorney-in-fact for PURE, are wholly owned subsidiaries of Privilege Underwriters, Inc. Best Company, Inc.įor more information, visit pureinsurance.AM Best has upgraded the Financial Strength Rating to A+ (Superior) from A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to “aa-” from “a+” for both members of the PURE Group of Insurance Companies (PURE Group): Privilege Underwriters Reciprocal Exchange (PURE) and PURE Insurance Company (PIC). PURE's low cost of capital, careful member selection, and proactive risk management all contribute to highly competitive rates and a Financial Strength Rating of "A+ (Superior)" from A.M. PURE has sustained at least 15% annual growth each year since its inception and now serves more than 100,000 members across the United States. Privilege Underwriters Reciprocal Exchange (PURE) is a Florida-domiciled reciprocal insurer, dedicated to creating an exceptional experience for responsible high-net-worth families, providing customizable coverage for high-value homes, automobiles, jewelry, art, personal liability, watercraft, flood, fraud, and cyber fraud. Our global footprint includes corporate headquarters in Marlborough, MA, with additional offices throughout India.įor more information, visit About PURE Insurance OneShield's clients, some of the world's leading insurers, benefit from optimized workflows, pre-built content, seamless upgrades, collaborative implementations, and pricing models designed to lower the total cost of ownership. OneShield's cloud-based and SaaS platforms include enterprise-level policy management, billing, claims, rating, relationship management, product configuration, business intelligence, and smart analytics.ĭesigned specifically for personal, commercial, and specialty insurance, our solutions support over 80 lines of business. OneShield provides business solutions for P&C Insurers and MGAs of all sizes. "Our commitment to aligning our respective teams with PURE's strategic growth plans is just one reason they have been an advocate for OneShield, and we look forward to the next phase of this long-standing partnership."įor more information or to schedule a media interview, please contact: "We welcome this opportunity to deepen the connection between our two organizations," says Smith. These services enable external systems to exchange data with the OneShield platform and expose insurance product definitions to third-party systems – enabling, for instance, portals or specialized functional applications such as risk management. ![]() Any processing that has traditionally been tied to the user interface, or available solely within the platform, has been de-coupled and made available as-a-service. This collection of services allows external applications to remotely execute business transactions on the OneShield platform. ![]() OneShield's Services Designer implements a collection of vendor and product-independent pre-configured APIs. "For PURE, these new best practices will serve to further our team members' capabilities and experiences of self-managing the technology platform while still accessing the latest knowledge and innovations being developed by OneShield's engineering and product teams," says Jason Lichtenthal, PURE's SVP & Chief Information Officer. Most recently, PURE and OneShield took the opportunity to advance their ongoing engagement model by identifying new best practices for sharing the latest technology developments, setting new goals for partnering at all departmental levels of PURE, and creating a formal plan to further enhance the OneShield Enterprise platform to support PURE's rapid growth objectives. ![]()
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