Duck Creek Policy
delivering, and servicing innovative products that delight
Duck Creek Policy enables P&C carriers to deliver insurance products at scale in an era of rapid, customer-centric innovation and growth. Policy supports the full policy lifecycle process with automation and workflow management capabilities, an integrated development environment for insurance products, and pre-built content, so that carriers can go to market faster, increase operational efficiencies, and improve customer satisfaction – built using low-code tools and delivered in a SaaS model.
Duck Creek Policy delivers consistent underwriting outcomes through rules-based processing during straight-through processing or high-touch workflows. The openness of the Duck Creek Platform enables carriers to integrate data and predictive analytics like fraud detection, property or vehicle imports, or cyber risks that improve risk selection and pricing. Augmenting solution and service providers into the rating and underwriting process arms underwriters with the tools they need to more accurately price and underwrite risks.
Rapidly responding to shifting customer needs with new or updated products is made possible with the configurability and scalability of Duck Creek Policy. As product requirements are identified, they can be easily implemented by business users with Duck Creek’s low-code tools, and with inheritance, configurators are able to reuse commonly found definitions across all products. In addition, carriers can meet the self-service demands of customers, agents, brokers, and other third-party entities by configuring tailored, multichannel access to Duck Creek Policy’s features.
Duck Creek Policy, Rating, and [SS1] Industry Content increase operational efficiencies by automating and streamlining manual processes and providing out-of-the box content, with low-code configuration tools eliminating the need to program or hard-code changes. These capabilities can reduce expense ratios and improve core operation performance by providing faster responses to inquiries, running significantly higher volume workflows when needed, and increasing speed to market with accelerated development of new and updated products.
Our comprehensive partner ecosystem features a number of integrations to technology providers who specialize in solving different use cases throughout the policy administration lifecycle.
Customer satisfaction continues to be a key driver of our business, and Duck Creek’s industry expertise and advanced technology will help us deliver the exceptional service our customers expect. Every company knows that the future will continue to present more technology risks. Through this recent modernization, we’re better prepared to take advantage of the latest innovations and digital disrupters.
Delivering innovative products and services to our customers and agents is what drives us. Duck Creek is aligned with the business direction we are pursuing, and offers the configuration, product design, and rating engine we feel is best able to handle our needs now and in the years to come.
With the Duck Creek Suite, AXIS can upgrade easily, standardize reports, process claims more efficiently, streamline sales and quoting, and mine deeper data insights - all with less maintenance. This move has substantially improved our operating environment and allowed us to find and create new business opportunities that otherwise weren’t available to us two years ago.
Whether you’re looking to build unique mobile web transactional experiences for prospects, launch new insurance products, or update existing ones, our end-to-end PAS and multi-faceted team of insurance and technology experts can help get you there.