Company Overview of Duck Creek Technologies, Inc.
Duck Creek Technologies, Inc. provides software and services to in 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 marine, um...
1807 Jones Street
Bolivar, MO 65613-3305
Founded in 2000
Key Executives for Duck Creek Technologies, Inc.
Co-Founder and Chairman of the Board
Co-Founder and Senior Vice President of Product Management
Senior Vice President of Professional Services Delivery
Managing Director of Duck Creek Europe
Compensation as of Fiscal Year 2012.
Duck Creek Technologies, Inc. Key Developments
Gateway Insurance Company Goes into Production with Duck Creek Technologies, Inc's Policy Administration
Jul 12 11
Duck Creek Technologies, Inc. announced that Gateway Insurance Company is in production and processing General Liability, Commercial Property, Commercial Automobile, and Workers Compensation policies on the Duck Creek Policy Administration(TM) system. Gateway chose Duck Creek because of the flexibility of its technology, which will enable them to rapidly develop and adapt insurance products to a constantly changing marketplace. They licensed Duck Creek's ISO-based templates for Commercial Auto, Inland Marine, and General Liability, in addition to licensing the NCCI-based templates for Workers Compensation.
Outline Systems, Inc. and Duck Creek Technologies Announce New Partnership
May 23 11
Outline Systems, Inc. and Duck Creek Technologies announced two companies have formed a partnership which will integrate OSI's ProducerOne(TM) with Duck Creek Policy Admin(TM). By combining the capabilities of OSI's ProducerOne, a comprehensive producer management system that addresses the needs of insurance carriers by improving transparency and enhancing agency-carrier relationships and establishing true ease of doing business, with Duck Creek Policy Admin(TM), a best-of-breed solution designed on a flexible platform to handle all lines of business, including personal, commercial and specialty lines, the companies will effectively take the producer lifecycle management, licensing and compliance process and the policy administration process and integrate the two solutions into a more seamless, end-to-end insurance process. OSI and Duck Creek will be demonstrating this newly-integrated solution at the ACORD-LOMA Insurance Systems Forum, to be held May 22-24 2011 in San Diego.
Duck Creek Technologies, Inc. Announces Release of Product Studio
May 23 11
Duck Creek Technologies, Inc. continues to expand its portfolio of product definition tools with the release of EXAMPLE Product Studio(TM) (Product Studio), the core of a product development suite designed to improve efficiencies by giving insurance professionals control of all aspects of the insurance product development and maintenance process, freeing technical resources to focus on technical tasks. Product Studio enables insurance product managers to model, manage, modify, and monitor their products in a collaborative manner. Working in tandem with Duck Creek's powerful product definition tool, EXAMPLE Author(R), Product Studio will more radically reduce the time, cost, and effort it takes to respond to market opportunities and changes. With product management, definition and configuration fueling the Duck Creek EXAMPLE Server(R) operating system, carriers can now have a fully operational, self documenting, product centric policy administration solution. While results will vary by customer and project, Duck Creek's Services team has been piloting aspects of Product Studio over the past year, and examples from its use during customer implementations were extremely positive. Real world examples at early adopters have shown productivity improvements that range from 40% to 80% for new insurance product introductions and updates. Immediate return on investment can be measured in shorter implementations with fewer resources, with long term savings realized from reduced maintenance costs. Additionally, companies can generate additional revenue from the faster introduction of new products.
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