Beazley US Launches New Small Commercial Package on DRC Policy Platform
Power and flexibility of DRC solutions accelerate program rollout and reduce time to market for new products
PHILADELPHIA, April 3, 2019 /PRNewswire/ -- Decision Research Corporation (DRC), a technology leader specializing in digital insurance solutions for the P&C insurance industry, is pleased to announce that Beazley has launched their Small Enterprise Business Package on the DRC Policy Platform. In conjunction, they have also launched their Environmental Liability underwriting system and their Beazley Breach Response (BBR) Rater.
Beazley's Small Enterprise Package targets small commercial customers that face complex risks and require specialist insurance products packaged with general liability or business owners coverage. The flexibility of DRC Policy allowed Beazley to go live with two products with plans for two more within the next month. The solution has been built with customer centricity and product simplicity as guiding principles.
"We are pleased by the successful launch of our SE Package offering," said Jamie Orye, US Focus Group Leader & Underwriter - Private Enterprise at Beazley. "DRC has helped us deploy a flexible framework that can accommodate any product our business teams can dream up, using a familiar and easy to navigate processing platform," Orye continued.
"DRC is a great partner to work with and further exemplified it with the success of our SE package project," said James Wright, Head of Digital Platforms & US IT at Beazley. "We have developed a strong global partnership with the DRC team, we continue to learn and grow together based on trust and transparency. This has become a formidable partnership that has grown in strength and depth. I am confident this collaboration will continue to enjoy success for Beazley as we add additional programs that leverage DRC technology to meet our goals and growth in the future," Wright continued.
"The launch of Beazley's SE Package is a major milestone for both DRC and Beazley," said Karen Yamamoto, President and CEO of DRC. "The flexibility and functionality of DRC's solution can help Beazley, an industry leader in the Lloyds market and in the US Specialty space, focus on smarter, faster digital underwriting and aggressive growth. We are committed to our partnership with Beazley and fully support their future plans and initiatives for beautifully designed insurance," Yamamoto continued.
About Beazley
Beazley plc is the parent company of specialist insurance businesses with operations in Europe, the US, Canada, Latin America, Asia and Australia. Beazley manages six Lloyd's syndicates and in 2018 underwrote gross premiums worldwide of $2,615 million. 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 syndicates at Lloyd's. Beazley is a market leader in many of its chosen lines, which include professional indemnity, property, marine, reinsurance, accident and life, and political risks and contingency business.
About DRC
For nearly half a century, DRC has provided powerful and trusted software solutions to the Property & Casualty (P&C) insurance industry. Large carriers, small start-ups and MGAs alike in the United States and globally deploy DRC's SaaS and onsite solutions to manage total written premium in excess of $7 billion. DRC's web-based administration system expedites implementation, lowers costs and simplifies maintenance across insurance products. Our leading RS X Rating allows business users who price risks and model products in Microsoft Excel® workbooks to create a version-controlled, web service process throughout the entire insurance ecosystem with minimal need for any programming resource. All DRC clients receive market-leading solutions, expert implementation and our commitment to deliver to their complete satisfaction. For more information about DRC, visit www.decisionresearch.com. Connect with DRC on LinkedIn, Twitter (@DRCNews) and Facebook.
SOURCE Decision Research Corporation
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