Employee Spotlight - Allan Wishart

My background is very much in insurance and IT. In previous jobs I have had numerous roles including Project Manager, Business Analyst, Underwriter, Broker. Now I have joined RDT as an Account Manager, where my background means I understand what is going on from both the view of the client and from the view of RDT.

I have had previous dealings with RDT from the client side. I was part of the team that selected Landscape as a solution at one of our current client sites. I was really impressed with the company and with the product. When the opportunity arose to join RDT I was happy to take it.

RDT is a great place to work, it’s full of wonderful people. There is a real culture of supporting innovative thinking and people here have pride in what they do.

RDT are going to InsurTech Rising 2016!

RDT has been at the leading edge of general insurance software for 25 years. From the outset we’ve been pushing boundaries, producing disruptive solutions and investing in technology and people. We are fiercely proud of our achievements but we’re never satisfied, and constantly seek opportunities to accelerate our technology. Insurtech is transforming the industry and to stay competitive insurers must adopt new techniques and practices; innovation has become a strategically essential target. Collaboration is one of our guiding principles and we work closely with our clients to define tomorrow’s challenges and tackle them before they become problems.

We are delighted to announce that we are a sponsor of InsurTech Rising 2016, the leading InsurTech Showcase taking place from 14th - 16th November 2016 at The Crystal, Royal Victoria Dock, London.

InsurTech Rising will bring together over 400 key players shaping the InsurTech sector from insurers and entrepreneurs to VCs and solution providers.  With an exciting agenda built around business challenges and innovative solutions, gain insight into where the market is heading, what technologies insurers are looking for and the areas attracting most investment.

As one of our valued contacts, we would like to offer you an exclusive 20% discount from the delegate booking fee.

RDT helps the FCA lift the lid on Big Data

In November 2015, the Financial Conduct Authority (FCA) announced that it would investigate the use of big data in general insurance (GI), focusing on private motor and home insurance, and would seek input from industry stakeholders and experts. As an insurtech specialist in the GI sector, RDT provided a written response to questions on data usage – and was the only technology company that the FCA named as a contributor.

The FCA’s questions covered data sources, data accuracy, and how the growing use of digital information might impact consumers and businesses. The aim was to see if big data would foster or constrain competition, whether some consumers might be marginalised because of an increasingly granular approach to underwriting, and whether the regulatory framework needs adjusting in light of advances in technology.

With the help of RDT’s insights, the FCA has concluded that big data is more friend than foe. In its Feedback Statement, published on 21 September, it said that big data is “producing a range of benefits for consumers in motor and home insurance, by transforming how consumers deal with retail GI firms, encouraging more innovation in products and services and streamlining parts of the customer journey.” The FCA said that because the use of data by insurance firms is “broadly working well”, it would not launch an in-depth market study.

Global Insurtech attracts £1bn of venture investment in the first half of 2016

If proof were needed that insurance technology – or insurtech – is a growth industry, a glance at the latest Pulse of Fintech report will confirm it. KPMG International and CB Insight’s quarterly blog analysing global venture capital trends states that more than £1bn in venture capital was invested in insurtech in the first half of 2016. It also shows that while insurtech has surged, investment in fintech firms fell by nearly 50 per cent during the same period.