Decision Research Corporation (DRC), a rating and policy processing software solution provider to the property/casualty insurance industry, has announced the release of Version 7.1 of DecisionMaker Rating Enterprise. The new version has been enhanced for deployment in a cloud computing environment.
DecisionMaker Rating was designed to empower business users such as business analysts, actuaries, and underwriters to manage rate and rules changes across multiple lines of business with minimal IT assistance. The cloud computing capabilities aid insurers looking for scalability and flexibility in how they approach their business.
"With this latest development from our DecisionMaker Rating product team, we are able to build on our commitment to improve the way our clients are able to do business using the latest in technology," says Karen Yamamoto, executive vice president of DRC. "By architecting DecisionMaker Rating to be deployed on cloud networks, it furthers our efforts to provide solutions that run at the speed of business."
Customers can reap financial benefits of cloud computing by minimizing overhead associated with a conventional IT infrastructure and capitalize on capital IT investments while having an IT infrastructure available to them that is capable of supporting growth. In addition, DecisionMaker Rating customers will be able to respond to market events and rate changes, reducing their time to market for new products. Carriers using DecisionMaker Rating can now create multiple cloned environments with minimal downtime.
