RiskMatch, a business intelligence and analytics firm that provides insurance portfolio management and placement solutions to insurance brokers and insurers, today announced it has been issued U.S. patent no. 8,666,788: “Systems and methods for facilitating an insurance marketplace for negotiations among brokers and insurance carriers.”
“The patent relates to our capabilities for facilitating connections, and enabling collaboration between brokers and insurance companies to effectively address the needs of clients,” said Kabir Syed, founder and CEO of RiskMatch.
According to Mr. Syed, RiskMatch provides a leading-edge platform and suite of tools that help participating brokers determine client needs, identify industry trends, benchmark programs, expand sales, and monitor company performance on a real-time basis. At the same time, RiskMatch™ gives insurers the ability to efficiently identify opportunities based on their respective appetites for risk and desired client relationships.
“The entire insurance industry is engaged in a perpetual drive for efficiency,” said Mr. Syed. “RiskMatch gives brokers and insurance companies a robust array of leading-edge capabilities and resources designed to accelerate their ability to respond to client needs, achieve targeted growth and elevated service delivery while compressing the transaction time and driving down related costs.”
He added: “RiskMatch continues to move forward with a patented platform, dynamic capabilities and a growing number of satisfied clients. The patent reinforces our expertise and enhances our participants’ abilities to elevate their service levels and drive their performance.”
About RiskMatch
RiskMatch is an analytics firm that delivers a suite of web-based solutions for insurance brokers and underwriters throughout the U.S. Its patented platform delivers an array of portfolio management, analytic and data management services designed to enable brokers and underwriters to enhance performance, reduce costs, facilitate growth, and improve their client service capabilities.