RCT named an InsurTech100 company for the third consecutive year.

October 9, 2024 – Mississauga, ON

Risk Control Technologies (RCT), a global leader in loss control software for the insurance industry, has been named to the prestigious 2024 InsurTech100 list, an annual ranking of the most innovative companies transforming the insurance landscape. Released by specialist research firm FinTech Global and selected from over 2,100 nominees, this year's list highlights the trailblazers who are tackling the industry's most pressing challenges, despite a difficult macroeconomic climate.

RCT's inclusion in the InsurTech100, for the third consecutive year, recognizes its impactful role in driving digital transformation through its innovative RiskHub platform, which automates loss control tasks, enhances underwriting precision, and improves claim prediction and prevention. With over 150 insurance organizations using its platform, RCT is at the forefront of reshaping how insurers mitigate risk, enhance customer retention, and optimize pricing decisions using real-time data and insights​​.

Commenting on this year's list, FinTech Global CEO Richard Sachar stated: “The InsurTech100 is a vital resource for industry leaders looking to stay ahead of the curve. The companies that have worked their way onto the list are driving real innovation and providing the tools insurers need to navigate the complexities of digital transformation in this dynamic marketplace."

RCT’s inclusion comes at a time when the global InsurTech market is projected to reach US$306.5 Billion by 2030, growing at a CAGR of 45.6% from 2023 to 2030. RCT’s ability to integrate seamlessly into core policy administration systems has been a game-changer for underwriting teams, enabling them to leverage loss control data to reduce claims and refine pricing models in real-time​​.

“We are honored to be recognized on the 2024 InsurTech100 list,” said David Da Costa, CEO of Risk Control Technologies. “This acknowledgment underscores our commitment to delivering technology that empowers insurers to increase their profitability and drive operational efficiency. We are proud to be part of the industry's digital evolution.”

About Risk Control Technologies
Risk Control Technologies (RCT) is the leading provider of loss control software solutions for the insurance industry. Serving over 150 insurance organizations, RCT's flagship platform, RCT RiskHub, streamlines loss control processes, providing real-time risk data that empowers underwriters to make smarter, data-driven decisions. By integrating seamlessly with core systems, RCT further helps insurers to maximize their profitability by reducing claim frequency, improving customer retention, and optimizing policy pricing.

For more information, visit www.riskcontroltech.com.