February 1, 2023
RCT Acknowledged in InsurTech100 listing of Know-how Firms Reworking the Insurance coverage Trade

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TORONTO — Threat Management Applied sciences Inc. (RCT), the main supplier of Loss Management software program options to the Insurance coverage Trade, is happy to be acknowledged in FinTech International’s InsurTech100 listing for 2022.

The InsurTech100 is an annual listing of the world’s most revolutionary InsurTech firms chosen by a panel of business consultants and analysts. The listing highlights firms that insurance coverage business leaders have to know as they take into account and develop their digital transformation methods.

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Gleaned from over 1,400 nominees, the InsurTech100 is chosen primarily based on 5 main standards:

  • Trade significance of the issue being solved
  • Potential price financial savings, effectivity enhancements, worth chain impacts and/or income enhancements generated for shoppers
  • Innovation of the expertise answer
  • The significance that insurance coverage executives find out about this firm
  • Development, by way of capital raised, income and buyer traction

FinTech International director Richard Sachar said, “Confronted with seismic shifts in shopper behaviour, the so-called “race to digitalise” and difficult market circumstances, insurers have their work minimize out for them. The InsurTech100 lists helps senior insurance coverage executives within the business filter by way of the noise out there by highlighting the tech firms remodeling sectors corresponding to underwriting, embedded insurance coverage, pricing, distribution and information & analytics.”

Based on David Da Costa, CEO of RCT, “insurance coverage firms are going through three main challenges: executing digital transformation initiatives, decreasing claims and concurrently enhancing loss ratios, and differentiating their enterprise to be aggressive. Restricted assets and mission capability,” Da Costa mentioned, “make it troublesome for insurance coverage organisations to digitise. They must steadiness the highest precedence initiatives, with the bottom danger initiatives, whereas getting the quickest time-to-value for a number of departments.”

To evaluate the total InsurTech100 listing, together with RCT’s firm profile and government interview, go to www.TheInsurTech100.com.

About Threat Management Applied sciences Inc.

Threat Management Applied sciences Inc. (RCT) is a market-leader Loss Management software program supplier with over 10 years within the house and 140+ clients. RCT was constructed to assist insurance coverage firms enhance their Loss Management operations and cut back danger of their enterprise. We offer a versatile and configurable platform which requires minimal IT assets to optimize all Loss Management actions, maximize the standard of consumer engagements, and speed up analytics. RCT’s platform, RiskHub, is comprised of over 30 core modules and 4 Development Suites. Go to www.riskcontroltech.com to study extra.

View supply model on businesswire.com: https://www.businesswire.com/information/residence/20221025005923/en/

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Contacts

Media Contact:
Brad Matsugu
Director, Advertising and marketing
Threat Management Applied sciences Inc.
[email protected]

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