Modern software suite enables insurer to consolidate seven separate systems and streamline processes onto one enterprise-wide platform
NEW YORK; Feb. 24, 2015 – Accenture (NYSE: ACN) announced that insurance group Coverys is now utilizing the Accenture Duck Creek suite of software to support its property and casualty insurance product development and policy, rating, billing and claims administration. With the software implementation complete, Coverys can now take full advantage of the Accenture Duck Creek software capabilities that enhance and improve efficiencies through automated and streamlined operations.
One of the top ten medical professional liability insurers in the nation, the Coverys companies provide medical professional liability insurance and related services to hospitals/facilities, physicians/surgeons, dentists and allied healthcare professionals. With Accenture Duck Creek’s simplified configuration and scalability, Coverys’ new integrated platform will better support extremely large schedules, offer advanced reporting, and enable high-volume processing within every segment of the business.
“Because our business is rather unique, transitioning from a legacy-based system to a modern platform required building one capable of enhancing our business agility, collecting and providing access to the right data to make better decisions, and delivering superior customer service,” said Eric Crockett, vice president of information technology at Coverys. “With Accenture Duck Creek, we found the right team and the right software that was truly configurable, scalable and able to meet our needs as we continue to grow.”
“The highly complex nature of this particular insurance segment made this a challenging project for our team and required significant configuration of the Accenture Duck Creek software so that Coverys could consolidate multiple systems and convert all of their claims data,” said Michael A. Jackowski, global managing director of Accenture Duck Creek. “To have their trust and confidence while we worked through the significant requirements with their team helped us build a platform that enables Coverys to customize and streamline processes and rapidly deliver product to the marketplace.”
Accenture Duck Creek Suite includes policy, rating, billing and claims software components that can be implemented independently or combined for an integrated approach to manage all aspects of the property and casualty insurance lifecycle.
Coverys companies are innovative medical professional liability insurance providers dedicated to helping their policyholders and clients anticipate, identify and manage risk to reduce errors, eliminate inefficiency and improve outcomes. As one of the largest medical professional liability insurance providers in the country, Coverys is responsible for insuring over 32,000 physicians, dentists, and allied health care providers, as well as more than 500 hospitals, health centers and clinics from coast to coast. Coverys has consistently been recognized as one of the top performing insurance providers in the country having been included in the Ward’s 50 for the past five years. In addition to its insurance products and service delivery to the health care industry, it also has established the Coverys Community Healthcare Foundation to support endeavors that focus on the improvement of patient safety, as well as healthcare programs to reduce childhood obesity. For more information, visit Coverys at www.coverys.com.
Accenture is a global management consulting, technology services and outsourcing company, with approximately 319,000 people serving clients in more than 120 countries. Combining unparalleled experience, comprehensive capabilities across all industries and business functions, and extensive research on the world’s most successful companies, Accenture collaborates with clients to help them become high-performance businesses and governments. The company generated net revenues of US$30.0 billion for the fiscal year ended Aug. 31, 2014. Its home page is www.accenture.com.
Accenture Duck Creek is a software suite offering comprehensive, full-featured property & casualty insurance software and SaaS solutions. Its configurable solutions are designed to work as a full end-to-end suite or as individual standalone components that adapt quickly and seamlessly to handle the unique needs of insurers of all sizes. Duck Creek software enables carriers to make better decisions in a real-time environment, streamline operations and improve their level of customer service. For more information, visit www.duckcreek.com.