RDT company meeting

Today at our Kings Hill office we hosted a company 'town hall' meeting. In this instance, all of our directing executives and our CEO left the building to allow all staff to speak freely about any constructive points they feel will benefit the company.

The session started off with a game hosted by Scrum Master Ian, whereby staff members had to choose 'heads' or 'tails' as an answer to a fact question. As you can imagine, this was a brilliant photo opportunity!

Insurtech Wake-Up Call

A report by PricewaterhouseCoopers about technology in the global finance and insurance sectors is a clear wake-up call to insurers who are still not making use of the latest technology. Last month’s report, ‘How InsurTech is reshaping insurance’, reveals that 48 per cent of insurers fear that as much as a fifth of their business could, in the next five years, be lost to new fintech companies.

PwC’s global insurance leader Stephen O'Hearn said: ‘Insurers need to encourage a culture of innovation and creativity within their organisations to ensure that the progress being made is not squandered. There is a risk of missing an opportunity to deliver customers a similar experience to one they already receive from retail and technology companies. One size simply does not fit all in insurance anymore and, by working alongside insurtech companies, insurers can begin to reposition themselves at the cutting edge of customer interaction.’

RDT can, and is, making this happen. It provides the perfect blend of partnership and innovation leadership that insurance companies need today. The PwC report claims that ‘the insurance sector has not yet worked out a consistent approach to disruption… insurtech can be the facilitator, yet if not incorporated into core strategies, it might emerge as a serious standalone competitor, putting at least some of insurers' business at risk’.

July Employee Spotlight - Ellen Barnes

Ellen Barnes - Administration Assistant

I was close to finishing university when I applied for RDT’s apprenticeship role. I was soon contacted and they asked if I would be willing to attend an interview. My issue at that moment was that I was still in Newcastle finishing my studies, so travelling down to Kent was difficult.

RDT were nice enough to work around my needs and we arranged a Skype interview. It went really well, and then after finishing university I was invited to the office for a second interview. I spent a few hours meeting people from all the departments that I would be working with and had the chance to really relax and be myself, which was great, and a few days later I had a call and was told that the job was mine!

Longest day golf challenge for Macmillan Cancer Support

Last year Macmillan Cancer Support launched a fund raising event, the Longest Day Golf Challenge, in which almost 2,000 teams across the country played 72 holes in one day. It was a huge success, raising more than £1million for people affected by cancer.

So we’re very proud to announce that four RDT staff took part in this year’s event, between them raising a whopping total of £2850. One team was made up of RDT developer Ciaran Rowe and three of his friends, and the other team had Zak Attaway from IT support, developer Jamie Hollyholmes and account manager Daniel Derham.

Tech & Innovation Awards

So happy to announce that we are now finalists for the Insurance Times Tech and Innovation Awards 2016! Our product 'Equator' has been shortlisted for the Technology Partnership of the Year award and we couldn't be more excited!

Equator is our award-wining data orchestration solution designed in collaboration with insurers which provides better and faster assessment of risks at the point of quote, drawing on data from third party information feeds to help calculate and price the risks. With Equator, insurers can manage their rates centrally and handle more than 20 million quotes a day.

Keep your fingers crossed!

Markerstudy's Risk Acceptance Further Refined By RDT Add-On

Motor insurer Markerstudy has adopted RDT's latest offering to further streamline its risk acceptance process. Quick Risk Score (QRS), a module of RDT's award-winning data orchestration system Equator, enables Markerstudy to make rapid decisions about the acceptability of a risk.

QRS is a software-as-a-service enquiry tool. Using data enrichment platforms to augment self-declared information, it provides a clear picture of an applicant and their vehicle. The data is analysed by the insurer and a risk score is sent to the broker.

Cloud-based and with a bold, simple graphical user interface, QRS was developed for brokers operating in the niche motor market. A risk's score is displayed as colour-coded rings of red, amber or green, with red being the highest risk. QRS is currently live with eight of Markerstudy's brokers and has proved so popular it's due to be rolled out to many more of the company's brokers in the coming months.

Summer internship assessment day at RDT

Yesterday we had seven candidates for our summer internship in the office with us. They each went through several interviews and activities that we had planned for them to assess them for the role.

Our summer internships give undergraduates experience in the software development and insurance industry and help prepare them for their future in employment, while also giving our staff some assistance throughout the busy summer period. 

Finalists For Computing Vendor Excellence Awards 2016

Well done to RDT for making it to the shortlist of the Vendor Excellence Awards. The winners will be announced during this afternoon's ceremony in Kensington, central London.

We're up for a Collaboration Product Award for our insurer hosted rating solution Equator, created in collaboration with our client Markerstudy!