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Policy Administration

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Builders Insurance Services Selects DRC DecisionMaker Suite

The DRC solution, which includes DecisionMaker Quote, Rating, Policy, Blling and Claims, will handle policy administration for BIS's Contractor General Liability program.

Builders Insurance Services, LLC (BIS, Irvine, Calif.) has selected DRC's (Honolulu) DecisionMaker Suite to model and manage its lines of business and support expansion within and beyond the Western region within which it has traditionally operated. The DRC solution, which includes DecisionMaker Quote, Rating, Policy, Blling and Claims, will handle policy administration for BIS's Contractor General Liability program, according to a DRC source.

BIS executives cite the DecisionMaker Suite's configurability, ease-of-use and speed of implementation as factors in opting for the solution.

"We chose the DecisionMaker Suite because of its flexibility and scalability which will allow us to easily model our business processes and automate workflows to accommodate existing and future business" says Steve Tvedt, vice president, IS, of Insco Insurance Services, Inc., the controlling member of BIS, which is the underwriting manager for a group of surety bond companies doing business as the Insco Dico Group of Companies. "Coupled with DecisionMaker Rating Enterprise, our subject matter experts will be able to seamlessly manage the rates and underwriting rules with minimal assistance from our IT teams," Tvedt adds.

"The DRC team has been very professional and helpful in working with us, and we look forward to their continued support as we grow our business," comments Steve Gaines, president, BIS.

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

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