Society Insurance Implements Duck Creek Loss Control for an Evolving Industry
Objectives
- Streamline and automate Loss Control processes, improving workflow efficiency.
- Centralize risk data to better collaborate with Underwriting and Actuarial departments.
- Improve service levels and reduce the likelihood of loss.
The results
The challenges
Manual Processes and Workflows
The manual process of account selection and documentation resulted in duplicate records across Loss Control, Underwriting and Actuarial departments, impacting data integrity. Handwritten field notes, inspection images, and files would require digital re-entry. Increased admin burden due to cumbersome process of issuing recommendation letter creation, and risk improvement follow-ups.
Lower Service Levels
Lack of access to risk data on policyholders resulted in inefficient account selection for servicing. Loss Control teams were spending more time on good risks instead of servicing high-risk accounts, impacting service levels.
Limited Reporting Capabilities
Decentralized data on policyholders made it difficult for management and stakeholders to analyze risk data, identify trends and implement loss control measures.
The Solutions
- Re-engineering and automating loss control process through rule-based workflow automations.
- Providing loss control task assignment, management, and reporting tools within the platform for underwriters.
- Integrating Duck Creek Loss Control with core systems to elevate cross-departmental collaboration and automation.
About the Customer
Headquartered in Fond du Lac, Wis., Society Insurance has been a leading niche insurance carrier since 1915. Society specializes in business insurance for small-to-midsize niche businesses, including restaurants, bars, grocery stores, medical clinics, auto shops, food manufacturers, artisan contractors and more. Society focuses on the small details that make a big difference to its policyholders while offering top-notch insurance coverage, service and competitive pricing to businesses in Wisconsin, Illinois, Indiana, Iowa, Minnesota, Tennessee, Colorado, Georgia, and Texas.
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