Specialist insurer Beazley has selected Decision Research Corporation (DRC), a provider of enterprise software solutions for the Property and Casualty insurance industry, to help power its next generation of pricing tools.
To do so, the London-based insurer will work with DRC’s RS X Rating as the Global Enterprise Rating technology.
Troy Dehmann, Chief Operating Officer at Beazley, said: “We are designing our technology solution to help power our future growth, and DRC’s RS X Rating offers us a scalable platform, that fits well with our evolving technology architecture that we are developing as part of our modernisation programme.”
RS X Rating is a no-code rating solution that gives actuaries the ability to configure powerful automation functions without IT assistance, and to price risks and model products, no matter how complex, all through a familiar Microsoft Excel interface, DRC explains.
Karen Yamamoto, CEO and President of DRC, stated: “We are truly humbled to be selected as a global partner for the true leader in global specialty insurance.
“Beazley continues to push the rest of the market in product innovation, underwriting discipline, and technological innovation. We are so proud to be a part of their global platform underpinning some of the most complex and interesting risks in the market.”
