Duck Creek Technologies Europe Managing Director Bart Patrick explains why a new Web Connectivity partnership matters for London market carriers.
Duck Creek makes no secret of its mission to simplify technology architecture for London market carriers. Internationally, we already work with the likes of QBE, Chubb, Aegis and Mapfre – all leading global businesses with a London market presence.
And a new messaging partnership agreed with Web Connectivity Limited (WCL) represents an important element of our London market push.
The partnership integrates our cloud services with WCL’s messaging capability, which is already used by more than 40 Lloyd’s managing agents as well as company market carriers. Essentially, cloud-based efficiency meets the ability to accept and manage interaction with the centralised architecture at Lloyd’s.
This means users can reduce the costs of running systems for businesses, to increase the speeds at which they they can operate, and to rapidly deploy new products to the market.
Bringing something different to the table
Until now, London carriers have had limited options to put modern systems in place. Old tools have been peddled by a limited pool of providers, not really bringing anything to the mix, and taking a long time to integrate any changes or updates. In my opinion, this creates more of a gloopy soup of tech that doesn’t help the market’s technology evolution.
Duck Creek Technologies Europe is still a relatively new addition to EC3’s technology landscape, coming at a time when a step change is needed to transform old architecture.
We want to broaden the choices on offer to London market carriers, and bring technology to the table that really supports the highly efficient and secure flow of international business into London, integrating changes flexibly and without fuss.
By offering SaaS architecture from the cloud, a modern gateway for market messaging, and with more partnerships in the pipeline, the ecosystem on Lime Street is evolving fast. Watch this space!
Read more on Web Connectivity: https://webconnectivityltd.com