Duck Creek hosts customer webinars introducing functionality which enables
P&C insurers to focus on new market opportunities, while reducing overall
<p>BOLIVAR, Mo., <chron>Dec. 7</chron> /CNW/ -- Duck Creek Technologies, Inc. (Duck Creek), a leading provider of software and services for the Property & Casualty (P&C) insurance industry, announces the release of its EXAMPLE Platform® 4.1. The flexible, next-generation system supports the Duck Creek Rating(TM), Duck Creek Policy Administration(TM) and Duck Creek Billing(TM) products; on an integrated platform for personal, commercial and specialty lines of business. To introduce EXAMPLE Platform® 4.1, Duck Creek hosted webinars focused on new functionality that allows insurers to focus on new market revenue opportunities, while reducing overall system maintenance expenses.</p>
<p>With new efficiencies to its core infrastructure, the EXAMPLE Platform® 4.1 boasts enhanced system performance capabilities, while positioning carriers for technology advancements forthcoming in global arenas. As evidence of strong development partnerships between Duck Creek and its customers, the 4.1 release enables Duck Creek Policy Administration(TM) carriers to rapidly develop insurance products for their chosen markets, while gaining integration efficiencies with third-party applications. The Duck Creek Policy Administration(TM) 4.1 product enhancements include:</p>
-- Direct-to-consumer shopping options. Insurers can quickly respond to
ever-changing consumer behavior models with improvements to sales
channel websites. In addition, insurers can display "shopping options"
modules on their websites that provide their agents, partners and
customers, with the opportunity to view price differences in policy
premiums as they choose coverage options.
-- Reusable integration modules. Insurers can reduce time to market with
improved integrations to third-party applications -- integrations can
be built into insurance products by business users and then re-used in
new product development.
-- Enhanced integration framework. Leveraging industry partnerships for
robust data and reporting capabilities, the EXAMPLE Platform® 4.1
provides insurers greater efficiencies in rating, binding and policy
<p>"The 4.1 Platform Release demonstrates Duck Creek's strong commitment to our customers and their business strategies to drive profitable premium growth in this hyper-competitive marketplace," said Duck Creek President and Chief Executive Officer <person>Steve Hall</person>. "Carriers continue to validate that the platform's flexibility and deep functionality enables them to introduce innovative insurance products more quickly, while improving retention for sustained market leadership."</p>
Duck Creek Policy Administration(TM)
<p>Duck Creek Policy Administration(TM) is a tool-based rating, underwriting, product definition and policy administration product, developed to empower insurers with complete product lifecycle management capabilities. With powerful "first-day" processing capabilities, Duck Creek Policy Administration(TM) can be implemented as front-end functionality integrated with a carrier's back-end processing system or as a full solution. While supporting the carrier's agent, partner and customer relationship models; the product's flexibility -- coupled with its best-of-breed rating engine -- allows insurers to react nimbly to market opportunities. With robust ISO®-based templates for commercial products and complete support for all transaction types, including out-of-sequence processing, Duck Creek's policy system streamlines carriers' product development, binding and policy issuance processes.</p>
About Duck Creek Technologies, Inc.
<p>Duck Creek is a leading provider of software and services to the insurance industry, providing next-generation policy administration, product configuration and definition, rating and billing for the Property & Casualty and Healthcare insurance markets. Duck Creek is dedicated to enabling customers to develop insurance products and to sell and service those products in their chosen markets with unprecedented speed to market, flexibility, reach, performance and quality. Founded in 2000, Duck Creek is headquartered in Bolivar, Missouri, and has multiple offices within the <location>United States</location>, with its affiliate and licensing partner in <location>Europe</location>, the <location>Middle East</location> and <location>Africa</location>, Duck Creek Technologies <location>Europe</location> Ltd., headquartered in <location>London</location>. For more information, visit <a href="http://www.duckcreektech.com">www.duckcreektech.com</a> or call 866-382-5832.</p>
Duck Creek(TM) is a trademark of Duck Creek Technologies, Inc.
<p> Contact: <person>Nancy Hines</person></p>
For further information: For further information: Nancy Hines, +1-803-935-9331, firstname.lastname@example.org Web Site: http://www.duckcreektech.com