2016 has (among other
things) been the year of insurtech. It was a year of headline-grabbing
investment in technology startups, rapid developments in big data, the rise
of the internet of things and blockchain, and a host of other digital
innovations that are on the brink of disrupting the insurance industry. Disruption
and insurtech go together and, in the slow moving world of insurance, we’ve
finally reached a tipping point. Traditional insurers must now either adopt
the latest technologies or watch as their businesses are eroded by
fast-moving newcomers.
Yet despite this potential threat there is also opportunity
and continuity – both of which are provided by RDT. We have been at
the forefront of insurance technology for more than 25 years and we’re the
name behind some of the key developments that have transformed the
industry. From the first real-time insurance purchasing website to the
first truly agnostic data orchestration platform that allows insurers to
price centrally for the whole market, RDT has been helping insurers move
with the times and build their businesses.
And today, when everyone is preaching
insurtech and venture capitalists are bank-rolling startups, RDT is still
ahead of the game. Not only that but it is an insurance partner, not a
competitor. The distinction is important because RDT provides
collaboration and stability that’s founded on deep industry roots. It
combines an insurtech pedigree with solid industry understanding and a
proven partnership approach that startups cannot match.
In 2016, we strengthened our
relationship with customers such as Towergate, Markerstudy and the Royal
Automobile Association of South Australia. We continued to refine our
administration platform Landscape and we enhanced Equator. We further developed
our software-as-a-service model with the launch of Quick Risk
Score, a data-enrichment GUI for hard-to-place motor risks. And we were
the only technology company to publicly contribute to the FCA’s report about
the future of big data. At
November’s Insurtech Rising conference we showcased our groundbreaking app
with our newest client, Trice Insurance. The app, built with
RDT technology, underlines RDT’s strength and focus as a
technology accelerator.
As we look forward to the new year we can
take pride in RDT’s insurtech contributions, past and present, and remain
committed to the future of our industry and
the development of technologies that will benefit insurers and their
customers.
Here’s to 2017.
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