With new efficiencies to its core infrastructure, the EXAMPLE Platform 4.1 offers enhanced system performance capabilities, while positioning carriers for technology advancements forthcoming in global arenas. As evidence of strong development partnerships between Duck Creek and its customers, the 4.1 release enables Duck Creek policy administration carriers to rapidly develop insurance products for their chosen markets, while gaining integration efficiencies with third-party applications. The Duck Creek Policy Administration 4.1 product enhancements include:
Direct-to-consumer shopping options. Insurers can respond to ever-changing consumer behavior models with improvements to sales channel Web sites. In addition, insurers can display “shopping options” modules on their Web sites that provide their agents, partners and customers, with the opportunity to view price differences in policy premiums as they choose coverage options.
Reusable integration modules. The solutions provider says insurers can reduce time-to-market with improved integrations to third-party applications—integrations can be built into insurance products by business users and then re-used in new product development.
Enhanced integration framework. Leveraging industry partnerships for robust data and reporting capabilities, the EXAMPLE Platform 4.1 is designed to provide insurers greater efficiencies in rating, binding and policy issuance processes.
“The 4.1 Platform Release demonstrates Duck Creek’s strong commitment to our customers and their business strategies to drive profitable premium growth in this hyper-competitive marketplace,” said Duck Creek president and CEO Steve Hall. “Carriers continue to validate that the platform’s flexibility and deep functionality enables them to introduce innovative insurance products more quickly, while improving retention for sustained market leadership.”
In related news, Toronto-based
RSA Canada,
Steve Knoch, VP of underwriting operations and CIO at RSA, says his company selected Duck Creek Technologies’ (DCT) policy administration system its strategic platform for commercial insurance operations because of its flexibility. “More than just an administration system, this solution lets us better manage business processes and automate workflows, which improves underwriting discipline and drives efficiency,” he said.