US wholesale broker CRC Group has released new functionality for its Risk Evaluation Database (REDY) platform.
REDY.Search will combine the knowledge of individual CRC brokers and underwriting with the company’s exposure and loss information to identify market and programs with the highest likelihood to write an account.
It will deliver recommendations based on million of risk characteristics that CRC has collected on all bound accounts since 2016.
“Especially in today’s tightening wholesale market, REDY.Search will help ensure we cover the entire market for our retail clients,” said Dave Obenauer, CEO of CRC Group.
“REDY.Search truly brings the knowledge of every CRC broker and underwriter to every transaction,” he explained. “It taps into our collective intelligence and allows us to scour the market to ensure we bring the best options to our retail clients and their insureds.”
Neil Kessler, COO at CRC Group, also commented: “We can look much deeper than coverage, industry and state. REDY.Search allows us to match risks based on over 530 attributes – everything from number of doors, to number of beds or from TIV, to loss experience.”
He continued: “We have the best brokers and underwriters in the wholesale business, and REDY.Search is all about delivering them actionable, data-driven market recommendations directly in the workflow to make them even better on each account every time.”
REDY.Search is the first major feature set added to CRC Group’s REDY Platform, with future releases scheduled later in 2019 and throughout 2020.
These include REDY.Analyze, REDY.Match, and REDY.Deliver, which will focus on delivering data-driven, proprietary insights to CRC brokers and underwriters.