Beazley Group selects DRC's DecisionMakerT Rating Enterprise System

8 January 2009

Beazley Group, the London-based global, specialist insurance business, has selected Decision Research’s (DRC) DecisionMaker™ Rating Enterprise solution to perform rating and analysis for Beazley’s US Specialty Lines business. Beazley’s U.S. operation currently offers both admitted and non-admitted Specialty Lines insurance products across all 50 states.

DRC’s DecisionMaker Rating Enterprise is a powerful toolset that allows business users to model and manage rate plans. The suite integrates all the features of DecisionMaker Rating, Analyzer and Assistant products to deliver a comprehensive solution for management and roll out of rate programs as well as analysis of current books of business.

Richard Williams, Programme Manager for Beazley Group said, “We wanted a flexible SOA based rating engine for our new US Specialty Lines underwriting platform. DecisionMaker Rating gives us a callable engine in which we can model, build, deploy and manage the many rate plans we need for the US market. It should help enable our actuaries and underwriting managers to react quickly to changes with minimal IT resources.”

Karen Yamamoto, DRC’s Vice President of Product Development, said: “The ease of configuring a new product with DecisionMaker Rating Enterprise makes it an ideal solution for companies like Beazley who market such unique insurance products. We enjoyed working with the Beazley staff to understand their needs, to work through a proof of concept and to help them better understand our products. We’ve enjoyed a good deal of success in the U.S. and it was gratifying to have our product and company further validated in the international insurance market.”

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development