Businessowners Policy (BOP) now supported in DecisionMaker™ Suite

DRC announces the general availability of BOP as part of its Property and Casualty solutions.

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Jun 04, 2012, 04:36 ET

PHILADELPHIA, June 4, 2012 /PRNewswire/ -- Decision Research Corporation (DRC), a leader in rating and policy processing software and services to the Property & Casualty Insurance Industry, announced today its DecisionMaker™ Suite now supports Businessowners Policies. Insurance carriers using DecisionMaker™ Suite are now able to provide cost effective policy administration support for their Businessowners policies.

This latest addition to the growing list of lines of business supported by DecisionMaker™ includes support for multi-state functionality, forms and rate charges based on class code and coverage selected, as well as support of company specific premium charges. Recognizing industry trends of rapid, low cost implementations, DRC will be making its BOP solution available to carriers in a Software as a Service (SaaS) platform.

Additionally, this BOP solution inherits all the base functionality that is currently available in the DecisionMaker™ Suite; including its industry recognized ability to provide full configuration management of rates, rules and online screen presentation in the hands of the carrier's staff of business analysts and actuarial support staff.

"This general availability of Businessowners Policies to DecisionMaker™ Suite provides the latest testament to how quickly DRC can bring a viable solution to market. Now carriers can have a BOP solution with a low start-up cost in either a rating only or full policy servicing option," notes Karen Yamamoto, President of DRC.

In addition to BOP, the DecisionMaker commercial lines policy administration system now supports upwards of over 20 different Commercial and Specialty lines including Commercial Auto, Work Comp, General Liability, Commercial Fire, Commercial Package, Professional Liability, D&O Liability, and Employers Practice Liability.

About DRC
DRC is a highly experienced and trusted software company that consistently delivers and successfully implements solutions to support Personal, Commercial, and Specialty lines of business in the Property & Casualty Insurance Industry. From the small startup insurers and MGAs to insurers with written premium in excess of $2 billion, 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.

SOURCE Decision Research Corporation