Rating

Your business needs to be nimble to better respond to the market. Is your rating system holding back business growth?

The rating engine was something that stood out for Duck Creek over the competitors that we looked at. And once we got into that decision process, we took it a step further and did a proof of concept with Duck Creek. And that really sold us.

Eric Crockett
Vice President
IT Coverys

Keeping pace with business demand is challenging. Today, many property and casualty (P&C) insurers are unable to get new products or product adjustments to market quickly enough to react to the changing environment. The result: lost opportunities, increased development costs, and unmitigated risk.

Duck Creek Rating can help eliminate these adverse outcomes. With full product lifecycle management and configurable rating engine, you’ll have the off-the-shelf functionality and flexibility that gives you a competitive advantage, now and beyond.

  • ‘What If’ Modeling
    Predict your underwriting workload, produce data for filing, and evaluate the rate change impact on a book of business prior to moving any product update or change into live production.
  • Increase Consistency and Improve Efficiency
    Drive standardized business process management throughout the product development lifecycle via task and workflow configuration while increasing operational efficiency with straight-through processing and accelerated rate changes and approvals.
  • Reduce Maintenance and System Time and Costs
    Utilize advanced codeless configuration capabilities to maintain task creation, assignment rules, and workflows. Our single point of change incorporates rating, rules, forms, pages and data into one product definition, enabling updates to be completed once and reflected across the enterprise.
  • Leverage Web Quoting to Deliver New Products Faster
    Avoid legacy system updates and define and deliver rate changes and new products quickly. Your team can configure the user interface, security, and workflow to meet business demand.