Duck Creek Rating

A flexible, low-code rating engine that enables carriers to design innovative, profitable products

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Rating Software

Seize the Market with Modern Product Offerings

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 a standalone rating engine implemented in a headless deployment or integrated with Duck Creek Policy for full the policy lifecycle or quote-and-buy processing.

Benefits

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, only making changes where needed. Whether you are looking to enter new regions or transform an existing personal lines product into a hybrid commercial lines offering, our solution’s inheritance capabilities help reduce repetition and errors across products and enable you to easily manage and consolidate all of your products under a single system, allowing you to get to market faster.

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
750K
Number of quotes processed in a single day
140+
Number of insurance products in production
75%
Reduction in IT backlogs
45
Days to go live with pre-defined commercial products

Testimonials

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.

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See It In Action Today

Whether you’re launching a greenfield initiative, changing providers, or looking to make a digital transformation, our multi-faceted team of insurance and technology experts can help get you there.

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