Duck Creek Rating is a flexible and comprehensive solution that enables carriers to launch new (and modify existing) products across all lines of business and develop rates easily and efficiently. With low-code tools for defining new products – from rates and rules to forms, UI, workflows, and underwriting rules – and the ability to easily incorporate myriad data sources, Duck Creek Rating can be used as standalone or with Duck Creek Policy.
Build products more efficiently
Duck Creek’s unique inheritance model enables carriers to take existing product definitions and create new product versions using the previous version as a baseline. Whether you are looking to enter new regions or transform an existing product, our solution’s inheritance capabilities help reduce repetition and errors across products, enabling you to easily manage and consolidate all of your products under a single system.
Streamline product management lifecycle support
Duck Creek Rating standardizes the product development lifecycle, from requirement definition to approvals, configuration, testing, and completion. Duck Creek’s low-code tools and modern architecture empower carriers to develop new products and maintain existing products through configuration, delivering single-point-of-change capabilities by reusing product definitions across both Duck Creek applications as well as non-Duck-Creek applications.
Improve your pricing and underwriting strategy
The ability to stress-test different rate changes or underwriting rules scenarios is crucial to determining what adjustments best fit your business goals. Rating’s “what-if” modeling lets you easily evaluate a rate change and underwriting rule impact on a book of business prior to moving any product update or change into production.
The P&C Industry’s Trusted, Reliable SaaS Rating System
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.
The Duck Creek technology offers pricing comparisons at up to 10,000 quotes per hour, provides context-specific text and guidance for each user, and calculates the exact amount that each insured would save with a new policy.
NSW Minister for Finance, Services, and Property
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Duck Creek Rating Brochure
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