From 35 entrants, finalists Coforge, Value Momentum, and Xceedance engaged in a “battle of the bots” to demonstrate their innovation potential to the insurance industry
Boston – May 11, 2023 – Duck Creek Technologies, the intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, recognizes Coforge as the winner of the company’s Innovation Anywhere Hatch-a-Thon at Formation ’23. 2023 is the second year the company has opened the Hatch-a-Thon to external ecosystem participants.
Duck Creek’s Innovation Anywhere Hatch-a-Thon encourages the development of new and innovative ideas that advance on-demand, cloud, and software-as-a-service (SaaS) technology solutions to rapidly improve insurance carriers’ core technology systems, as well as unique concepts that address insurance carrier operational pain points. Designed as an innovation marathon, Duck Creek brings together its internal teams and its developer community to upskill, build amazing solutions, and hatch new ideas that will further advance technology for the insurance industry.
The 2023 Hatch-a-Thon call for entries challenged the developer community to keep insurance human, find untapped synergy between insurance operations, and integrate technologies that enhance customer experience to advance the P&C and general insurance industry globally. The Hatch-a-Thon innovation marathon drew 35 entries which were reviewed by Duck Creek’s Innovation Anywhere committee. Entries were judged based on innovation, product impact, business impact, and execution. Three finalists, representing Coforge, Value Momentum, and Xceedance, were chosen to present their ideas on stage for attendees to view and vote for their favorite innovation during Formation ’23.
Formation attendees voted Coforge as the Formation ’23 Innovation Anywhere Hatch-a-Thon champion. This year’s winning team from Coforge produced “document delivery using WhatsApp” to build connections and make it easier for policyholders to communicate directly across the Duck Creek Platform by using a policy number to retrieve documents.
“Duck Creek’s research points to the continued need to advance strategic innovation in tech with a specific focus on the insurance industry, enabling tools and technology that make policyholder connections and experiences better,” said Quinn Easterbrook, Chief Enterprise Architect at Duck Creek. “Duck Creek’s Innovation Anywhere Hatch-a-Thon provides an exciting forum to showcase new thinking in insurance technology and celebrate the contributions to cloud-based SaaS technology by our developer and partner community.”
About Duck Creek Technologies
Duck Creek Technologies 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.