Beazley in the US easily implements an indication portal to meet the demands of the growing cyber insurance market
Philadelphia, PA – May 15, 2015 –Decision Research Corporation (DRC), a technology leader specializing in insurance processing solutions for the P&C insurance industry, today announced that global specialty insurer, Beazley, is in production with GameChanger® Portal.
GameChanger Portal is hosted on the Microsoft Azure cloud to provide Beazley and its brokers with an environment where both parties can simultaneously manage the pricing of Beazley Breach Response, a market leading breach response insurance product. The portal provides a client ready indication to the broker in seconds or alternatively can automate the distribution of thousands of quotes and broker marketing material, significantly reducing the time and effort for brokers to acquire a Beazley Breach Response quote. GameChanger Portal scales to meet Beazley’s and its brokers’ needs.
James Wright, Head of US IT notes, “DRC had already proven its great technology and toolset along with its insurance acumen in past projects so it was an easy decision for Beazley to select GameChanger Portal. With this project we wanted to rapidly prove a concept and generate a return on value inside 12 months, in partnership with the DRC team and technology this was easily achieved.”
“Initially, this project appeared challenging for DRC because of the unique and variable specifications for rates, forms, and user interfaces,” stated Dave Benedetto, VP of Client Services. “After reviewing requirements, we were confident that the flexibility of the GameChanger products could help Beazley meet their needs. We are pleased by their success and thank Beazley for their continued support and confidence in DRC,” Benedetto continued.
Beazley plc (BEZ.L), is the parent company of specialist insurance businesses with operations in Europe, the US, Asia and Australia. Beazley manages five Lloyd’s syndicates and, in 2014, underwrote gross premiums worldwide of $2,021.8 million. All Lloyd’s syndicates are rated A by A.M. Best.
Beazley’s underwriters in the United States focus on writing a range of specialist insurance products. In the admitted market, coverage is provided by Beazley Insurance Company, Inc., an A.M. Best A rated carrier licensed in all 50 states. In the surplus lines market, coverage is provided by the Beazley syndicates at Lloyd’s.
DRC is an experienced and trusted technology leader specializing in software development solutions for the P&C insurance industry. DRC successfully and consistently implements solutions for insurers, MGAs, and brokers 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, and to enjoy an impressive return on investment. For more information, visit www.decisionresearch.com .