Honolulu-based P&C carrier DTRIC Insurance has recently implemented Decision Research Corp.'s (DRC, Honolulu) DecisionMaker commercial auto and truckers lines in production, bringing the total number of commercial lines in production at DTRIC to four including workers' compensation and general liability, which were rolled out in 2009.
DRC, a P&C rating and policy processing software provider, recently added support for commercial auto and truckers lines of business to its DecisionMaker Suite and has announced its general availability along with news of DTRIC's going into production on the lines. The solution now offers full policy administration support for business autos, trucks, tractors, trailers, private passenger types, public autos, as well as non-owned autos and hired autos, according to a DRC news release. DecisionMaker supports fully automated classification generation, VIN verification, and the ability to perform mass uploads of vehicle data from Microsoft Excel spreadsheets. The vendor reports that it will soon release support for commercial property and inland marine.
“The implementation of DRC’s Commercial Auto and Truckers represents another'milestone achieved in the execution of'DTRIC’s strategic business plans,” comments Garret Yoshimi, vice president and CIO, DTRIC. “With each implementation of a new commercial line into our DecisionMaker Suite,'DTRIC benefits from'operational efficiencies'and cost savings resulting from our use of'a single processing system for our commercial lines portfolio. This is made possible'through DRC's use of a robust, common'base layer of functionality that'extends to all'lines of business. This common foundation results in direct savings to the business (e.g., out-of-sequence processing for commercial auto works exactly like workers compensation,) significantly reducing'the'learning curve when'implementing a new line'of business, or when training new staff.”
Anthony O'Donnell has covered technology in the insurance industry since 2000, when he joined the editorial staff of Insurance & Technology. As an editor and reporter for I&T and the InformationWeek Financial Services of TechWeb he has written on all areas of information ... View Full Bio