Leading Insurance Technology Group Provides Real Time, Actionable Insight Across Policy Administration Workstreams
Decision Research Corporation (DRC), an insurance technology leader specializing in digital insurance solutions for the specialty, personal, and commercial P&C insurance industry, announced the release of its new DRC Analytics.
DRC Analytics furnish valuable tools that enable data insight for insurers and enhance understanding of what is happening in their businesses in real-time, all seamlessly integrated into the DRC Insurance Platform and available to any and all user groups on a permission basis.
An organization’s ability to provide effective access to its citizen data scientists — those not necessarily formally trained in statistics and data science — democratizes the ability to glean meaningful insights from the data. The self-service capability of DRC Analytics enables self-sufficient citizen data scientists to complete such tasks as performing custom data mining, measure meaningful KPIs and generate custom automated reports and dashboards.
DRC Analytics offer stunning visualizations to reveal insights easily buried in standard spreadsheets and also export data easily and automatically to PDF or Excel®️, to distribute and share reports with other decision makers in formats they already use. In addition to static exports that represent a snapshot of data frozen in time, DRC Analytics link to hot data to create automated, dynamic, reports and visualizations where the underlying data is refreshed in real time. Users across the organization can then make immediate, critical business decisions based on the most accurate and most timely information.
“DRC Analytics are our latest effort to help insurers become more precisely informed about their business performance in areas such as growth, profit, loss and operational efficiency,” noted Les McElhaney, DRC’s VP of Products. “We look forward to seeing our customers leverage our embedded analytics to glean new insights from existing data and advance their digital transformation.”
DRC Analytics help insurers of all sizes better understand what’s happening in their businesses, determine how to allocate resources and take advantage of new opportunities. DRC works closely with each client to load the relevant data and personalize the managed content dashboards, ensuring quick startup and speedy results to stay ahead of the competition.