New rating software combines with customized pricing and templates to deliver innovative B2B platform for Hollard’s agents/brokers serving customers located down under
NEW YORK; July 13, 2016 – The Hollard Insurance Company Australia will transform how they support agents and brokers in Australia by utilizing rating software from Duck Creek Technologies. The new business-to-business platform powered by Duck Creek Rating will enable Hollard to advise their select brokers throughout Australia about the preferred pricing options that can be quoted based on customer needs.
Hollard selected Duck Creek Rating to change its product definition and deployment capabilities and enhance its existing business management processes. The new rating system will allow brokers to see pricing options based on criteria submitted and select the one that is best for the customer.
In addition to the Duck Creek team, the rating platform will be supported by the expertise of two Duck Creek Global Alliance Partners: Finity Consulting, an actuarial and management firm serving the general and health insurance industries in Australia and New Zealand will provide best-practice pricing analytics and Mindtree, a global system integrator will assist with the implementation of the rating software.
“It’s exciting to be working with Hollard as they modernize their systems to improve how products are brought to the marketplace and capitalize on new revenue opportunities,” said Michael A. Jackowski, president, Duck Creek Technologies. “And together with our alliance partners Finity and Mindtree, we’ll deliver the technology that will enable Hollard to be more responsive to customer and market demand, a differentiation that can give them a competitive advantage.”
About Hollard Insurance Company
The Hollard Insurance Company Australia is part of the Hollard Insurance Company worldwide group. Formed in South Africa in the “1980s” to underwrite self-insurance programs for large corporate clients and banks. Hollard covers over 7 Million policy holders through insurance businesses operating across Africa as well as in Europe, India, China, the United States, Australia and New Zealand.
About Duck Creek Technologies
Duck Creek Technologies LLC, an Accenture company, is a leading provider of comprehensive P&C insurance software and services delivered on-premises or via Duck Creek On-Demand, a Software as a Service model. We deliver configurable, best of breed software that is designed to work independently or as a combined approach to quickly and seamlessly handle the unique needs of insurers of all sizes worldwide. Our technology solutions enable clients to optimize outcomes through digital and data capabilities, streamlined operations, and consistent functionality. For more information, visit www.duckcreek.com.
On April 18, 2016, Accenture and Apax Partners, a leading global private equity firm, announced an agreement to form a joint venture that will operate as a new and independent company, Duck Creek Technologies. The joint venture is intended to further accelerate the development of Duck Creek products and technologies, leveraging advanced digital and cloud technology, and to extend the reach of Duck Creek in key markets. The transaction, which is subject to customary closing conditions, is expected to close in August 2016.