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Grange Insurance in Production with DecisionMaker™ Rating Analyzer for Commercial Auto
HONOLULU, HI – April 9, 2009
Decision Research Corporation (DRC), a rating and policy processing software solution provider to the property & casualty insurance industry, announced today that Grange Insurance has successfully implemented DRC’s DecisionMaker™ Rating Analyzer (DM Analyzer) for its commercial automobile program.
With DM Analyzer now in production, Grange can now answer the “what if” questions relating to its commercial auto rate management and can begin setting up the next line of business. DM Analyzer enables Grange to study the impact of rate changes – not only on the in force business but also how the new rates would compare to the competition. Armed with this depth of rating impact knowledge, Grange is able to fine tune rates to offer the most competitive and most profitable business.
“DRC’s DecisionMaker Rating Analyzer helps us mitigate risk by clarifying the impact of planned rate changes prior to promoting our plans,” said Scott Drab, Grange Commercial Lines Product Manager. “With the Analyzer tool we are even more confident about our pricing, better positioned to serve our customers and prepared to conquer the challenges of today’s tough market.”
“We are delighted to have Grange as a new customer. They are a smart, aggressive and forward thinking group,” said Karen Yamamoto, DRC’s Executive Vice President. “It is no secret that the property casualty insurance market has experienced the longest soft market in decades. DRC has been aggressively developing new tools that deliver speed to market analytics at affordable maintenance costs.”
DecisionMaker Rating Analyzer is a module in the DecisionMaker Rating Enterprise solution.
About Grange Insurance
Grange Insurance, with $2 billion in assets and $1.3 billion in annual revenue, is an insurance provider based in Columbus, Ohio. Through its network of independent agents, Grange offers auto, home, life and business insurance protection. Established in 1935, the company and its affiliates serve policyholders in Georgia, Illinois, Indiana, Iowa, Kentucky, Michigan, Minnesota, Ohio, Pennsylvania, South Carolina, Tennessee, Virginia and Wisconsin. For more information, visit www.grangeinsurance.com.
About DRC
DRC is an experienced software development company that repeatedly delivers and successfully implements software solutions to most lines of businesses within the P&C insurance industry. From startups to large clients in excess of $1Billion in written premium, clients have trusted DecisionMaker for rating, quoting, billing, policy administration and claims. Our solutions have repeatedly provided our customers with a substantial return on their investment. For more information about DRC, call us or visit www.decisionresearch.com.
For more information, contact:
DRC
Rick Young
(808) 949-8316 ext. 120
info@decisionresearch.com