New Platform Enables DRC Customers to Conduct 6,000,000+ Ratings an Hour
Staff Writer | October 04, 2017
Decision Research Corporation announce the immediate availability of its new Rating Engine and Analyzer solution RS X (rsxrating.com). The new platform derives its name from its role as the 10th generation of the enterprise solution, now with entirely new code, advanced automation and functionality, and unprecedented speed.
DRC RS X technology offers a cost-effective path to transform insurance products from concept to production. Starting with Excel, RS X allows analysts, actuaries and product managers to accelerate the rating development cycle, enabling users to rate, quote, and bind faster than ever before.
“RS X is a next generation new product, with a much smaller and efficient technical footprint designed to give business users improved results,” says DRC President Karen Yamamoto. “Our customers told us they were looking for a fast, flexible and more secure way to automate and advance their rate calculation process. RS X Rating offers this to bring P&C personal, commercial, and specialty lines versatility in bringing new products to market with improved accuracy and cost savings over traditional ‘load and code’ processes.”
Cloud-ready RS X runs natively on Windows and Linux to process new programs faster, and features enhanced testing capabilities and metrics for more precisely calibrated results. The new RS X Analyzer now offers a modern user interface, multiple configurable output options and the ability to compare and run multiple programs on one platform.
“The code is entirely new, harnessing the power and efficiency of Go, the programming language developed at Google, but that’s simply a means to an end,” adds Les McElhaney, VP of product and technology at DRC. “The new system brings a logarithmic vs. incremental increase in speed and performance: it’s 100 times faster than before, which allows customers to model, analyze, and implement rating changes ahead of the market vs. reacting to it as they face even more rapidly changing and emerging market opportunities.”
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