Beazley Selects Decision Research Corporation for Global Enterprise Rating
Press Release
The London-based leading specialist insurer to use RS X Rating to help power its next generation of pricing tools.
PHILADELPHIA, PA | November 28, 2023 Decision Research Corporation (DRC), a leading provider of enterprise software solutions for the Property and Casualty insurance industry today announced that Beazley, the leading specialist insurer headquartered in London, is working with RS X Rating as the Global Enterprise Rating technology to help power its insurance pricing.
“We are designing our technology solution to help power our future growth, and DRC’s RS X Rating offers us a scalable platform, that fits well with our evolving technology architecture that we are developing as part of our modernization program” said Troy Dehmann, Chief Operating Officer at Beazley.
“We are truly humbled to be selected as a global partner for the true leader in global specialty insurance. Beazley continues to push the rest of the market in product innovation, underwriting discipline, and technological innovation. We are so proud to be a part of their global platform underpinning some of the most complex and interesting risks in the market,” stated Karen Yamamoto, CEO and President of DRC.
About Majesco
Majesco is the partner P&C and L&A insurers choose to create and deliver outstanding experiences for customers. We combine our technology and insurance experience to anticipate what’s next, without losing sight of what’s important now. Over 350 insurers, from greenfields and startups to some of the world’s largest insurers, rely on Majesco’s SaaS platforms solutions of core, data, analytics, digital, and rich ecosystem of partners to create their next now.
As an industry leader, we don’t believe in managing risk by avoiding change. We embrace change, even cause it, to get and stay ahead of risk. With 900+ successful implementations we are uniquely qualified to bridge the gap between a traditional insurance industry approach and a pure digital mindset. We give customers the confidence to decide, the products to perform, and the follow-through to execute.
For more information, please visit www.majesco.com and follow us on LinkedIn.
About Beazley
Beazley plc (BEZ.L) is the parent company of specialist insurance businesses with operations in Europe, United States, Canada, Latin America and Asia. Beazley manages seven Lloyd’s syndicates and, in 2022, underwrote gross premiums worldwide of US$5,268.7m. 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 Excess and Surplus Insurance Inc. and the Beazley syndicates at Lloyd’s.
Beazley’s European insurance company, Beazley Insurance dac, is regulated by the Central Bank of Ireland and is A rated by A.M. Best and A+ by Fitch.
Beazley is a market leader in many of its chosen lines, which include professional indemnity, cyber, property, marine, reinsurance, accident and life, and political risks and contingency business.
For more information please go to: beazley.com