Impressive volume figures from Markerstudy underline the benefits of using the RDT insurer-hosted rating hub
You may have seen recent media reports that the RDT rating hub is driving both value and volume for Markerstudy, the first insurer to implement the hub. Below are some of the benefits that Markerstudy is gaining and the advantages you could achieve for your business.
12 million quotes a day and rising
The UK and European motor specialist went live with RDT’s revolutionary platform in 2013 and has seen a rapid growth in transaction volume over the last 18 months as well as a 3.5% reduction in its loss ratio over the same period. The hub is now processing over 12 million quotes a day and is predicted to reach 20 million a day within the next year. (more…)
The Road to 2020
The future of the motor insurance industry was comprehensively discussed during the ABI’s Motor Conference 2014 at the Grange Tower Bridge Hotel on 2 December. Hosted by the broadcaster Sian Williams, and with keynote speeches from Huw Evans, Assistant Director General of the ABI, and Chris Grayling, Secretary of State for Justice, the plenary sessions and panel discussions covered the key issues facing insurers and consumers as technological advances, complex legislative reforms and political changes shape the future of the marketplace. Richard Burden, MP, Shadow Roads Minister, and Heather Wheeler, MP, PPS to the Attorney General, added a political dimension and provided expert industry comments.
As a leading technology supplier for motor providers, RDT is closely aware of and involved with the issues and challenges that the industry must confront over the next five years. Not least is the MyLicence initiative (see the RDT press release) and the fight against fraud, as well as credit hire, vehicle technology, big data, and the future of distribution – all of which were discussed in individual breakout sessions. (more…)
RDT is a company committed to innovation and research and development, which leads to technical advances and business benefits that we pass on to our insurance clients.
That’s why we employ software engineers who have a creative energy and an aptitude for learning – key attributes that enhance our reputation as a technology leader. It’s also why we embrace the latest technology developments and attend and participate in relevant technology conferences and seminars. In particular, as a Microsoft Gold Partner for many years, we are supporters of the annual Microsoft Global TechEd Conference. (more…)