PHILADELPHIA, July 8, 2015 /PRNewswire/ -- Decision Research Corporation (DRC), a technology leader specializing in insurance processing solutions that are easy to deploy for the P&C insurance industry, today announced that Mitsui Sumitomo Insurance (MSIG) has implemented Decision Research Corporation's GameChanger® Portal for Coverholder (MGA) direct to consumer sales of specialty lines for small business owners in Canada. Ten weeks after contract award, Canadian broker Nacora International went live with a homeopathic medicine program targeted at small to medium sized enterprises, underwritten by MSIG.
Underwriters from both MSIG and Nacora worked directly with the DRC configuration team, and using a weekly cycle of specify/configure/test/review, were able to rapidly bring the new product line to production while continuing their current responsibilities. DRC's use of the Microsoft Azure platform allowed for rapidly creating multiple accounts for internal demonstration, scaled back down for development and then scaled up for production. The speed of provisioning environments in the cloud, and flexibility of configuration supported the agile project methodology and kept infrastructure costs low.
"Once again DRC have delivered software that puts the user first and that is useful, elegant and reliable," stated Richard Williams, CIO at MSIG. "As we have come to expect from them it was on time, sensibly priced and implemented with pragmatism, quality and a strong sense of collaboration. They set a standard other vendors would do well to follow," he continued.
"We are extremely excited to have delivered a new line of business, via our SaaS licensing model in such a short implementation time, and by dealing directly with the business owners of the product," noted Robert Whitton, VP of Business Development at DRC. "This deployment method will become more our standard, as we demo the system for a prospect in the cloud, then use that environment to configure the client to production," Whitton continued.
MSIG at Lloyd's is part of MS&AD Insurance Group, one of the ten largest non-life insurers in the world, with assets of over £96.4 billion and annual net premiums in excess of £15.9 billion. It benefits from exceptionally strong credit ratings: S&P A+, AM Best A+, Moody's A1, has 325 offices in over 40 territories around the world providing unrivalled global strength, stability and security. As a subsidiary of this group, MSIG at Lloyd's brings unique benefits to its brokers and customers in the UK, Europe and further afield through Lloyd's syndicate 3210.
DRC is an experienced and trusted technology leader specializing in deploying software solutions for the P&C insurance industry that requires speed to market and affordable solutions. DRC consistently provides results for insurers writing personal, commercial, and specialty lines of business. From small startups to carriers with written premium in excess of $5 Billion, clients trust DRC solutions for their portal, rating, quoting, billing, policy administration and claims needs, while providing them an impressive return on investment. For more information about DRC, visit www.decisionresearch.com, follow us on Twitter (@DRCNews) and join us on Facebook (fb.com/DecisionResearch).
SOURCE Decision Research Corporation