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What is DRC RS X?

The DRC's RS X system serves as the foundation of our all-encompassing insurance platform, which addresses personal, commercial, and specialty lines. Discover how our adaptable toolkit empowers you to roll out insurance products at an unprecedented pace. No matter if you're an executive, an actuary, or part of the IT department, DRC's technology gives you a vital advantage that accelerates your growth. By utilizing cloud-optimized solutions such as the DRC Insurance Platform, E&S product owners can benefit from a more extensive data storage system, leading to improved accuracy and operational efficiency. Our goal is to enable MGAs to fully harness their potential while reducing resource costs, thereby delivering exceptional value to their clients. DRC simplifies the workflow for actuaries, enabling them to quickly model complex products using familiar tools presented as enterprise services. By eliminating obstacles related to IT and vendor resource limitations, we empower your actuarial teams to fully unleash their creativity. In today's fast-paced market, it’s essential to revolutionize the development and delivery of insurance, encouraging innovation and adaptability to meet the challenges ahead. With our solutions, you can stay ahead of the curve and respond proactively to changing industry demands.

What is Akur8?

Akur8 leverages the power of machine learning and predictive analytics to transform the pricing strategies of insurers by improving both speed and precision, while maintaining full transparency, auditability, and control over the models produced. This cutting-edge platform is unique in its ability to automate the development of production-ready Generalized Additive Models (GAM) and Generalized Linear Models (GLM). Utilizing its innovative proprietary algorithms, Akur8 unlocks substantial business value by addressing previously overlooked enhancements in the combined ratio. The solution equips actuarial pricing teams to construct highly predictive models more swiftly than ever, leading to faster and more informed decision-making processes. In addition to these capabilities, Akur8 is built to be API-enabled, providing users with the ability to quickly access various data sources, create tailored features, and seamlessly integrate the technology into their pricing workflows, thus boosting overall productivity and effectiveness. This all-encompassing strategy not only reshapes the pricing environment but also empowers insurers to maintain their competitive edge in an ever-evolving market landscape. As a result, Akur8 stands as a pivotal tool for insurers striving to optimize their pricing practices and enhance their operational efficiency.

Media

Media

Integrations Supported

Additional information not provided

Integrations Supported

Additional information not provided

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Decision Research

Date Founded

1976

Company Location

United States

Company Website

www.decisionresearch.com

Company Facts

Organization Name

Akur8

Date Founded

2018

Company Location

France

Company Website

www.akur8.com

Categories and Features

Insurance Policy

Cancellation Tracking
Claims Tracking
Policy Generation
Policy Issuance
Policy Processing
Quotes / Estimates
Rating Engine
Reinstatement Tracking
Reinsurance Administration
Renewal Management
Underwriting Management

Insurance Underwriting and Rating

Broker / Agent Portal
Carrier Upload
Commercial Lines
Comparative Insurance Rating
Customer Portal
For Casualty Insurance
For Health / Medical Insurance
For Life Insurance
For Personal Insurance
Multi-State
Multiple Line Rating

Categories and Features

Pricing Optimization

Channel Analysis
Competing Product Analysis
Forecasting
Market Analysis
Multi-Store Management
Price List Management
Price Optimization Automation
Pricing Analytics
Profitability Analysis
Scenario Planning

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