Just
over a year ago one of our clients asked us to create a tool that would enable
them to make rapid decisions about the acceptability of specific risks. This
led to us developing a new module of our rating platform Equator, which we
called Quick Risk Score.
Our
client has been using QRS for more than a year to help then make decisions
about risks as niche cars and drivers with endorsements or restrictions. The
benefits of the module, for both the brokers and the insurer, have proved to be
huge. QRS eliminates the time-consuming elements of trying to place niche business
and provides a very accurate picture of the risk, further improving the
profitability of our client’s underwriting.
You
can read more information about Quick Risk Score in our most recent edition of
Prism, our technology newsletter.
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