Riskmatch Issued Second U.S. Patent For Its Capabilities In Facilitating Broker-Insurer Transactions
Business Intelligence and Analytics Firm Issued U.S. Patent No. 9,165,324 B1: “Systems and Methods for Facilitating an Insurance Marketplace for Negotiations among Brokers and Insurance Carriers”
GREENWICH, Connecticut, October 27, 2015 – 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. 9,165,324 B1, entitled “Systems and methods for facilitating an insurance marketplace for negotiations among brokers and insurance carriers.” This is the second patent awarded to RiskMatch to date.
“The new patent relates to our capabilities for facilitating collaboration between brokers and insurance companies to effectively address the needs of clients,” said Kabir Syed, founder and CEO of RiskMatch. “In particular, it references our approach to giving brokers a formal mechanism to gather insights about insurance company risk appetites so they can identify insurance markets best suited to the needs of their clients. At the same time, the patent describes the capabilities we offer insurance companies to pinpoint brokers with client coverage needs that specifically meet their underwriting criteria.”
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. Additionally, RiskMatch gives insurers the ability to efficiently identify opportunities based on their respective appetites for risk and desired client relationships.
“Today, the property/casualty insurance industry faces imperatives to achieve significant gains in efficiency and productivity,” said Mr. Syed. “Accordingly, a growing number of insurance companies and brokers throughout the U.S. are taking advantage of our leading-edge capabilities and resources to accelerate their ability to respond to client needs, achieve targeted growth, enhance service delivery, drive performance and reduce costs.”
The new patent expands on the original patent, U.S. Patent No. 8,666,788, awarded to RiskMatch in 2014.
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.
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