DRC helps insurers of all sizes grow by providing technology solutions that increase the effectiveness of new business acquisition, decision making, and automated underwriting. This year at InsureTech, DRC continued to innovate and advance the current state of the art in insurance technology by announcing the release of their newest product: the DRC Rater.
DRC Rater allows analysts and actuaries to automate current programs where the rating is done manually in Microsoft Excel and bring them up to enterprise-level performance. DRC Rater delivers a rating service for pricing, furnishes a user interface and most importantly creates a data persistence layer to store all of the data elements in the risk assessment for use downstream.
DRC Rater offers insurers everything needed to automate and expedite decision making and liberate the organization from outdated Excel raters and pricing tools to automate underwriting. The software also accesses Excel programs and creates restful web services as an API so they can be called by other parts of the enterprise.
DRC Rater is particularly effective at automating commoditized, large risks that have schedule data that are cumbersome to key into systems and need to be consumed electronically. As more underwriting departments provide specific rules around their lines of business, DRC Rater provides the automation tools to transform frustration into effortless productivity.