Beazley Group is a specialist insurer operating primarily in the Lloyd's and American
admitted markets, and has been underwriting US risks since the company's formation
in 1986.
To enable the efficient expansion of business in the complex US market, Beazley
began work in July 2008 on BeazleyPro, a major new application for managing and
underwriting specialty lines risks in the US. A comprehensive system, capturing
all the nuances of regulation in 50 states, the target was to replace the multiple
legacy platforms with a single system to record and manage the record of risk within
an 18 month timeframe, a very ambitious undertaking.
The system is component based and incorporates third party software to deliver specific
areas, including rating, document generation, human workflow and business rules.
For business rules, Beazley chose InRule, a business rule authoring and execution
solution from Chicago-based InRule Technology, the choice being based on support
for .NET and ease of use.
"InRule measured up to our high selection standards and have proved themselves a
reliable and knowledgeable delivery partner" says Richard Williams, Programme Manager
for BeazleyPro. "With an agile development approach we needed a rules engine that
was easy to use, flexible and adaptable and it’s a testament to InRule engineering
that we hit very few bumps in the road."
Developed in collaboration between Beazley's UK IT team and the US business, BeazleyPro
is designed to be flexible and able to cover any insurance market, but the requirements
of the US - with the complex interaction of state and local regulation - make the
use of a rules engine such as InRule vital to its success.