The London-based leading specialist insurer to
use RS X Rating to help power its next generation of pricing
tools.
PHILADELPHIA, Nov. 28,
2023 /PRNewswire/ -- Decision Research Corporation
(DRC), a leading provider of enterprise software solutions for the
Property and Casualty insurance industry today announced that
Beazley, the leading specialist insurer headquartered in
London, is working with RS X
Rating as the Global Enterprise Rating technology to help power its
insurance pricing.
"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."
Said Troy Dehmann, Chief Operating
Officer at Beazley.
"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," stated Karen Yamamoto, CEO and President of
DRC.
About Beazley
Beazley plc (BEZ.L) is the parent company of specialist
insurance businesses with operations in Europe, United
States, Canada,
Latin America and Asia. Beazley manages seven Lloyd's syndicates
and, in 2022, underwrote gross premiums worldwide of US$5,268.7m. All Lloyd's syndicates are rated A
by A.M. Best.
Beazley's underwriters in the United
States focus on writing a range of specialist insurance
products. In the admitted market, coverage is provided by Beazley
Insurance Company, Inc., an A.M. Best A rated carrier licensed in
all 50 states. In the surplus lines market, coverage is provided by
the Beazley Excess and Surplus Insurance Inc. and the Beazley
syndicates at Lloyd's.
Beazley's European insurance company, Beazley Insurance dac, is
regulated by the Central Bank of Ireland and is A rated by A.M. Best and A+ by
Fitch.
Beazley is a market leader in many of its chosen lines, which
include professional indemnity, cyber, property, marine,
reinsurance, accident and life, and political risks and contingency
business.
For more information please go to: beazley.com
About DRC
Decision Research Corporation (DRC) provides innovative,
cloud-based, enterprise solutions to P&C insurance companies
looking to boost their business development efforts, reduce
administrative overhead, and accelerate speed-to-market for their
products through automation. RS X Rating, DRC's no-code rating
solution, 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's flagship product is the DRC
Insurance Platform, a full-service policy administration system,
including portals, quoting, billing, claims, and advanced
analytics, powered by RS X Rating, and engineered to streamline
internal processes and empower business users within a secure and
robust enterprise ecosystem. DRC has remained committed to total
customer satisfaction throughout its 50-year history, and its
clients, running the gamut of size and scope from large global
carriers to regional start-ups, continue to rely on DRC's trusted
solutions to manage over $10 billion
in written premium. To learn more about DRC, visit
www.decisionresearch.com.
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SOURCE Decision Research Corporation