Decision Research Corporation (DRC), a rating and policy processing software solution provider to the property/casualty insurance industry, completed a successful sixth annual client conference at the Hilton Hawaiian Village Waikiki in Honolulu, Hawaii.
The conference gave attendees a chance to interact with other DRC customers while learning about recent and future enhancements to the DecisionMaker Suite of products for policy administration. This year's attendees included industry analysts from Celent and Novarica along with DRC partner, HP Exstream,
This year's theme, Solutions at the Speed of Business, emphasized DRC's ability to put tools in the hands of its clients so they are able to manage directly their portfolio of insurance products, resulting in lower cost and shorter time to market. Several sessions reinforced this theme and the industry focus on SaaS, cloud computing, and grid enabling with information on how DRC intends to incorporate this technology in an upcoming release.
"In addition to a very picturesque backdrop of Waikiki Beach, the conference offered concrete examples of customers getting value from their modern policy administration system implementations," says Chad Hersh, principal in the insurance practice at Novarica. "For example, one customer presented a case study on its implementing a new system in multiple states in well under a year, with straight-through processing and other cost-saving features enabled by the solution. We're always excited to see modern core systems create real value at real insurers."
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