Showing posts with label Markerstudy. Show all posts
Showing posts with label Markerstudy. Show all posts

Insurtech: Past, Present, Future



2016 has (among other things) been the year of insurtech. It was a year of headline-grabbing investment in technology startups, rapid developments in big data, the rise of the internet of things and blockchain, and a host of other digital innovations that are on the brink of disrupting the insurance industry. Disruption and insurtech go together and, in the slow moving world of insurance, we’ve finally reached a tipping point. Traditional insurers must now either adopt the latest technologies or watch as their businesses are eroded by fast-moving newcomers.

Yet despite this potential threat there is also opportunity and continuity – both of which are provided by RDT. We have been at the forefront of insurance technology for more than 25 years and we’re the name behind some of the key developments that have transformed the industry. From the first real-time insurance purchasing website to the first truly agnostic data orchestration platform that allows insurers to price centrally for the whole market, RDT has been helping insurers move with the times and build their businesses.

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.