August 19, 2017 5:11 PM ET

Software

Company Overview of Duck Creek Technologies, Inc.

Company Overview

Duck Creek Technologies, Inc. develops and provides software solutions for the insurance industry for claim, product definition and rating, policy administration, underwriting, and billing applications in North America and the United Kingdom. It offers property and casualty solutions, including Duck Creek Rating for strategic rating services; Duck Creek Policy Administration suite or modular components to manage products in personal, commercial, or specialty business lines; Duck Creek Billing for billing and receivables management processes; Duck Creek Templates for Commercial Lines, the off-the-shelf XML documents for property, general liability, commercial auto and garage, crime, inland ma...

1807 Jones Street

Bolivar, MO 65613-3305

United States

Founded in 2000

Phone:

417-777-6970

Fax:

417-777-3792

Key Executives for Duck Creek Technologies, Inc.

Chief Executive Officer and President
Chief Financial Officer
Age: 57
Vice President of Marketing
Regional Sales Manager for Western Territory
Compensation as of Fiscal Year 2017.

Duck Creek Technologies, Inc. Key Developments

Safepoint Insurance Company Selects Duck Creek Policy and Billing Solutions to Support Product Diversification and Growth

Safepoint Insurance Company has selected Duck Creek Technologies to modernize its property and casualty insurance core systems. The Tampa-based insurer currently offers residential and commercial property insurance products through agency partners serving customers in Florida and Louisiana. Duck Creek's policy and billing solutions will be used to improve operational efficiencies as well as support new product development that will advance business growth and expand their offerings to additional states.

Duck Creek Technologies Announces the Availability of a Complete Product for Managing Bureau Circular Services Within its SaaS Solution, Duck Creek On-Demand

Duck Creek Technologies announced the availability of a complete product for managing bureau circular services within its SaaS solution, Duck Creek On-Demand. The new capability facilitates the circular adoption process by presenting carriers with simple business questions around adopting, rejecting or revising circular changes. Implementation details resulting from carriers’ decisions are taken on by the On-Demand solution team, simplifying how carriers stay current with circular updates. Duck Creek customers have processed bureau-based business using Duck Creek Templates for more than a decade. Over that time, the content has expanded to support 45 carriers and eleven lines of business in 50 states and the District of Columbia. In addition, Duck Creek has configured hundreds of program variations within the solution. Crucial to each carrier’s success has been a combination of the base implementation of ISO, NCCI, AAIS and independent state bureaus' rates, rules, forms, taxes, surcharges and statistical support, as well as the ability to override, extend and adjust base bureau content to support specific product offerings. Duck Creek’s simplification of bureau circular adoption in SaaS deployments further streamlines the implementation process. Duck Creek Templates provides an out-of-the-box set of content for ISO, NCCI, AAIS and independent state bureaus as well as an on-going subscription service for circular maintenance. Duck Creek Suite includes policy, rating, billing and claims software components that can be implemented independently or combined for an integrated approach to manage all aspects of the property and casualty insurance lifecycle—on-premises or in the cloud.

Foremost Insurance Company® Selects Duck Creek Technologies to Manage Specialty Lines

Duck Creek Technologies announced that Foremost Insurance Company® is in production with the company on delivery of policy and ratings solutions for the specialty line insurer. Foremost® selected Duck Creek to add digital capabilities, improve efficiencies, and enhance the customer experience for nearly 170,000 agents and customer service representatives, and more than 8,000 internal users. The integrated Duck Creek platform will replace the Foremost legacy systems and is intended to improve quote functionality, expand the ability to process subsequent transactions and allow users to close business more quickly and easily. The implementation began with Dwelling Fire and Specialty Homeowners policies, and has already rolled out to five states. It will ultimately expand to all states, over several phases. Following successful implementation of this first product, Foremost will phase the roll out for the balance of the Foremost Choice specialty insurance products. Duck Creek Policy and Duck Creek Rating are included in a suite that also incorporates Duck Creek Billing and Duck Creek Claims software. The configurable software is designed to work independently or as a combined approach to managing all aspects of the P&C insurance lifecycle. It can be deployed through an on premise implementation or via Duck Creek On-Demand, a differentiated Software as a Service model.

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