Duck Creek’s capabilities are designed to directly address today’s commercial auto insurance needs, enabling a more fluid, faster and efficient coverage.
Madrid, November 3, 2022 – Duck Creek Technologies (NASDAQ: DCT), the intelligent solutions provider that is defining the future of property and casualty (P&C) insurance, enables insurers to set the new standard in the commercial auto insurance market. The robust, configurable capabilities of the Duck Creek Policy enable improved relationships between insurers and brokers, accelerating speed to market and maximizing operational efficiencies by leveraging data in decision-making.
Commercial Auto insurance is complex due to the enormous amount of information involved. Today, 90% of insurers still rely on antiquated legacy systems, with little to no automated processes, greatly impacting their ability to quote and issue new business. Duck Creek Technologies enables commercial auto insurers to reimagine their processes, improving customer and broker satisfaction while significantly reducing quote times.
With our native Integration Framework and over 3,000 APIs across our suite of solutions, Duck Creek enables data prefill and underwriting automation, making it easier for brokers by providing them with the key digital tools to access the most relevant data. This enables them to make better decisions about pricing, underwriting, customer retention and upselling. All through the most innovative technology in the market.
And Duck Creek is purpose-built to greatly accelerate speed to market. With rapidly changing consumer and market demands, insurers must be agile in order to respond effectively. Duck Creek enables business users to manage new product design, creation, and deployment quickly and easily by using low-code configuration tools which result in lower customer acquisition and product development costs.
A 360° view of the business is possible
Duck Creek’s capabilities in the commercial auto insurance space are diverse and highly differentiating in today’s market. With a flexible platform, a robust partner ecosystem and optimal configuration tools, this product enables much-needed advancements. Duck Creek modernises commercial auto underwriting across the entire policy lifecycle to reduce manual data exchange and upload processes, leverages digital distribution to provide self-service to brokers and increase productivity, provides easy integration aggregators and third-party brokers systems, and unifies policyholder or customer data for a 360-degree view of the business, vehicles, and related risks to prevent loss of relevant information, improve reporting accuracy, data analysis and risk prevention.
“We want our customers to be able to respond to corporate customers’ needs immediately. At Duck Creek Technologies, we help them achieve this through our partner ecosystem by offering a 360-degree view of the commercial auto insurance market: the companies, the vehicles, and the related risks,” explains Juan Antonio Costa, Country Manager of Duck Creek Technologies in Iberia.
Further information about Duck Creek’s Commercial Auto Solutions offering can be found here.
About Duck Creek Technologies
Duck Creek Technologies (NASDAQ: DCT) is the intelligent solutions provider defining the future of the property and casualty (P&C) and general insurance industry. We are the platform upon which modern insurance systems are built, enabling the industry to capitalize on the power of the cloud to run agile, intelligent, and evergreen operations. Authenticity, purpose, and transparency are core to Duck Creek, and we believe insurance should be there for individuals and businesses when, where, and how they need it most. Our market-leading solutions are available on a standalone basis or as a full suite, and all are available via Duck Creek OnDemand. Visit www.duckcreek.com to learn more. Follow Duck Creek on our social channels for the latest information – LinkedIn and Twitter.
Press contact
Eva García / 607 693 755 / eva.garcia@trescom.es
Nuria Seguí / 674 85 62 94 / nuria.segui@trescom.es
