Tag: Risk Control Technologies

The California Joint Powers Insurance Authority has selected Risk Control Technologies (RCT) to modernise and enhance its loss control and risk management processes. The collaboration aims...

In the competitive world of insurance, the profitability of underwriting is closely linked to informed decision-making that efficiently mitigates risks and optimizes loss ratios. Traditional barriers, primarily the compartmentalisation of data, often hinder this objective.

Comprehensive management of new and emerging risks is vital for any company aiming to ensure compliance and maintain a strong financial position. For insurance companies, however, it becomes doubly crucial as risk is the very basis of their value, and product, this is why solutions such as loss control could become the next big opportunity for insurers.

For over ten years, Shelter Insurance® has utilised RCT's groundbreaking software. This partnership traces back to 2007, when Shelter sought RCT's expertise to tackle efficiency and consistency hurdles tied to their vast field surveys.

The insurance risk management industry has undergone seismic changes in recent years. Where once companies viewed loss control as a means to achieve process efficiency, it has since become much more far-reaching.

In an increasingly challenging yet competitive market, how is the insurance industry holding up and what are insurers choosing to prioritise?

Risk Control Technologies (RCT) was founded with the aim of making loss control professional’s lives easier. The company has positioned itself as the leading provider of loss control and safety software to the insurance industry in North America.

With the InsurTech industry pioneering change in the insurance industry, FinTech Global has revealed the 100 leading companies in its fifth annual InsurTech100 List.