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ICW Group Insurance Companies Selects
DecisionMaker Rating Enterprise
HONOLULU, HI – May 28, 2009
Decision Research Corporation (DRC), a rating and policy processing software solution provider to the property & casualty insurance industry, announced today that ICW Group Insurance Companies has selected DRC’s DecisionMaker Rating Enterprise to provide the rate program modeling for its Workers’ Compensation business. The three month implementation is currently underway with production expected in September, 2009.
DecisionMaker Rating Enterprise Edition includes DecisionMaker Rating, DecisionMaker Assistant, and DecisionMaker Analyzer. These tools allow for management of rating and underwriting rules with online access through the Administrative Portal. DM Analyzer provides in depth evaluation of the impact of rate and rule changes.
“We chose DecisionMaker Rating in large part due to its ability to allow us to quickly and easily model rates and underwriting rules and conduct ‘what if’ analyses with minimal reliance on IT resources. We believe this capability will help us achieve and maintain a strategic advantage in the Workers’ Compensation Insurance marketplace,” said Richard Manship, Chief Actuary at ICW Group. “With our actuaries able to quickly implement changes and put new rates into production, we are well positioned as an agile organization able to respond to current market conditions.”
“We are honored that ICW Group selected our Rating Enterprise solution and we look forward to working with their team through the implementation process,” said Karen Yamamoto, VP of Product Development at DRC. “It is always gratifying when our clients appreciate the flexibility and power of our system, along with the design goals we had in mind when we developed the DecisionMaker suite of products.”
About ICW Group Insurance Companies
Privately held ICW Group Insurance Companies represents a group of multi-line property and casualty insurance carriers providing workers' compensation, surety, DIC and personal and business automobile insurance. Its member companies consist of Insurance Company of the West, Explorer Insurance Company and Independence Casualty and Surety. Based in San Diego, Calif., ICW Group continues to transform itself into an insurance industry leader dedicated to meeting the needs of its agents and the people and companies they insure. More information is available at www.icwgroup.com.
About DRC
DRC is a highly experienced and trusted software development company that consistently delivers and successfully implements software solutions to support a wide range of P&C insurance industry lines of business. From the small startup insurers and MGAs to insurers with written premium in excess of $1Billion, DRC clients have chosen DecisionMaker for their rating, quoting, billing, policy administration and claims needs and an impressive return on 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