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Tokio Marine HCC Taps DRC'S Cloud- Based RS X Rating For Enterprise-Wide Rating ServicesPHILADELPHIA, Jan. 14, 2021 /PRNewswire/ -- Decision Research Corporation (DRC), a leading provider of enterprise software solutions for the property and casualty (P&C) insurance industry, today announced that Tokio Marine HCC, a leading specialty insurance group, has successfully implemented RS X Rating and DRC Rater across a number of its domestic and international product lines. This implementation has already enabled Tokio Marine HCC to rapidly configure multiple new products, including global travel, event cancellation and short-term rental host coverages. "As a company, we are continuously seeking out new and cutting-edge technologies to boost productivity, improve efficiency and provide quicker turnaround times that will ultimately benefit our insureds. With this software, we will be able to automate our legacy pricing tools, which will allow us to deliver on our best-in-class products faster than we have before," said Susan Rivera, Tokio Marine HCC's Chief Executive Officer. Tokio Marine HCC leverages RS X Rating to transform existing Microsoft® Excel® workbooks into an automated and secure enterprise-rating solution. Since DRC's automation easily integrated with existing enterprise policy systems, Tokio Marine HCC's divisions gained increased speed and pricing flexibility to react to market conditions and new distribution channels. All DRC solutions are available with an intuitive front-end interface and can also be seamlessly accessed through customer application programming interfaces. "We chose to work ith DRC because of their best-in-breed rating technology and its ability to integrate into our strategic modularized platform," said Kent Black, CIO Enterprise Applications at Tokio Marine HCC. "Our business users, like our actuarial and underwriting teams, remain empowered to configure their own rating and rules as they always have, and the DRC solution provides them with the extra value of version control and microservices to the enterprise." "We are delighted Tokio Marine HCC has integrated RS X Rating into their technology platform and look forward to continuing working with them to find even more ways to fuel their operational excellence and profitable growth through technology-enabled automation and efficiency," said Karen Yamamoto, DRC's President and Chief Executive Officer. About Tokio Marine HCC About Decision Research Corporation
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