About Duck Creek Policy
Duck Creek’s policy management software is a powerful and flexible solution that enables carriers to service the complete policy lifecycle and define and develop new products across a wide range of P&C lines of businesses. Our policy administration system has automation and workflow management capabilities that streamline manual processes, low-code configuration tools that put change in the hands of business users, and a commitment to keep our code separate from your IP that makes it easier to upgrade. Carriers can go to market faster and more efficiently, deliver better buying experiences, and improve prospect and customer satisfaction with Duck Creek Policy.
Optimized policy lifecycle support
Our policy management software supports the entire policy lifecycle, from quoting to underwriting, issuance to endorsements, cancelations to renewals, all in a single integrated platform that creates significant operational efficiencies and facilitates faster responses to inquiries. Omni-channel user experiences allow carriers to provide self-service capabilities to external users including agents, brokers, insureds, and consumers.
If your underwriters are directly involved in high-touch evaluation, negotiation, and pricing of risk, learn more about Underwriting Workbench, an add-on module for Duck Creek Policy that provides underwriters with a holistic view of accounts.
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.
Get to market faster
Supporting all lines of business and available as part of Duck Creek Policy or standalone, Duck Creek Rating provides low-code tools for defining new products, including rates and rules, forms, UI, workflows, and underwriting rules, enabling you to get to market in as little as 30 days. What-if modeling lets carriers evaluate rate changes’ impact on a book of business and estimate their underwriting workload prior to moving any product update or change into live production.
Leverage pre-built industry content
With pre-built rates, rules, forms, statistical codes, and state taxes, fees, and surcharges as defined by rating bureaus—ISO, NCCI, AAIS—Duck Creek Industry Content provides everything you need to get up and running for developing products and writing new business as fast as possible.
Additionally, pre-built line of business templates give you a starting point for launching personal, commercial, and specialty lines products – enabling you to put minimum viable products into the market right away or easily modify existing products to differentiate yourself from your competitors.
Easily integrate third-party data and services into your policy lifecycle workflows
With seamless integrations to the insurtech ecosystem, our growing partner program ensures that you have the right data and services to make it easier for you to do business while enabling you to make more informed underwriting and pricing decisions. From being able to prefill vehicle information with just a VIN number, to incorporating property hazard metrics or predictive analytics at the point of underwriting, to building a chatbot that makes it more convenient for your customers to buy from you, we make it easy and intuitive for you to plug in the third-party tools you need to succeed–all in one place.
Policy Case Study: GEICO
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.