Aspen U.S. Insurance, which announced its transition from general to specialty casualty at the end of 2014, is supporting that transition with the adoption of Accenture’s Duck Creek P&C software platform. The new platform will facilitate faster delivery of new, highly targeted products to market in keeping with the needs of specialty insurance customers and brokers. It will also provide the enhanced reporting and analytics capabilities Aspen will require to fulfill the more complex regulatory demands associated with diverse, market-specific specialty policy portfolios.
Combined with its end-to-end policy, rating, billing and claims management capabilities, the Duck Creek platform’s analytics can also facilitate margin optimization and loss control.
Aspen reconfigured its casualty business to deliver risk tools to address exposures across four product lines: real estate/hospitality, construction, excess liability and product liability.
“The specialty casualty market in the US is complex and requires deep expertise and creative solutions,” said Roxanne Mitchell, Aspen’s EVP and chief casualty officer. “We are now even more strongly placed to support the unique needs of our broker partners and clients.”
Aspen U.S. Insurance is part of Aspen Insurance Holdings Limited, a global insurance and reinsurance provider that reported $10.2 billion in total assets and $2.6 billion in gross written premiums for 2013.
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