Pitney Bowes Business Insight and Duck Creek Technologies® Form Partnership to Deliver Enhanced Policy Administration Solution
May 24 2010 - 10:00AM
Business Wire
Pitney Bowes Business Insight and Duck Creek Technologies, Inc.
today announced that they are partnering to offer a comprehensive
policy administration solution. The integrated solution enables
carriers to enhance underwriting operations through more
productive, cost-effective and error-proof policy processing. The
two companies will be demonstrating the joint solution at Booth
#653 at the ACORD LOMA Insurance Systems Forum, to be held May
24-26 at the Mandalay Bay Resort & Casino in Las Vegas, NV.
The integrated offering ties together Pitney Bowes Business
Insight’s Spectrum™ Data Quality Platform and Location Intelligence
solutions with the Duck Creek Policy Administration™ product. This
powerful combination provides carriers with customer information
validation, data enrichment and geo-spatial analysis—all in a
single API called directly from the Duck Creek™ user interface and
entirely transparent to the business user.
“Two key areas of focus for Duck Creek Technologies are: helping
insurance carriers get products to market more quickly and
ultimately driving profitable premium growth,” said Kerrick Tweedy,
co-founder, product manager, Duck Creek Technologies, Inc.
“Integrating with Pitney Bowes Business Insight allows us to
address both of these key initiatives. By making the integration
available out-of-the-box, we help carriers get products to market
more quickly. By bringing in the wealth of data provided by the
Spectrum and Envinsa solutions, we give brokers and underwriters
the information they need to do their jobs more effectively,
therefore driving more profitable premium growth.”
“Insurance carriers want a policy administration system that is
designed to automate key policy functions, define workflows and
enable straight-through-processing of core business processes,”
said Bill Sinn, strategic industry and marketing director,
Insurance, Pitney Bowes Business Insight. “Our partnership with
Duck Creek Technologies signifies our commitment to providing
insurance carriers with the most advanced, intuitive and
customer-friendly solutions to enhance their business
operations.”
When an agent or underwriter enters data into the Duck Creek
Policy Administration™ product it makes a web services call to
Pitney Bowes Business Insight Spectrum Platform. Spectrum returns a
comprehensive set of enriched data, including address verification,
proximity to risk and emergency services, and identification of the
exact location of the insured assets. This enhanced data is
leveraged at multiple points throughout the underwriting process.
For instance, if the policy is returned as an underwriting
exception, Pitney Bowes Business Insight’s Envinsa® Location
Intelligence Solution enables the carrier to visually compare the
proximity of the policy to the existing book of business to
determine risk accumulations and threats of over-exposure or
aggregated risks within a catastrophe area.
In addition, the joint solution leverages the power of Pitney
Bowes Business Insight’s EngageOne solution for policyholder
communications. Specifically highlighted is the ability for
underwriters to conduct in-line editing of policies and other
communications to reflect specific coverage parameters not
available in standard forms.
About Duck Creek Technologies ®
Duck Creek Technologies, Inc. is a leading provider of software
and services to the insurance industry, providing next-generation
policy administration, product definition and configuration,
billing and rating for the Property & Casualty and Healthcare
insurance markets. Duck Creek Technologies is dedicated to enabling
customers to develop insurance products and to sell and service
those products in their chosen markets with unprecedented speed to
market, flexibility, reach and quality. Founded in 2000, Duck Creek
Technologies is headquartered in Bolivar, Missouri, and has
multiple offices within the United States, with its affiliate and
licensing partner in Europe, the Middle East and Africa, Duck Creek
Technologies Europe Ltd., headquartered in London. For more
information, visit www.duckcreektech.com or call 866-382-5832.
About Pitney Bowes Business Insight
Pitney Bowes Business Insight, a division of Pitney Bowes
Software Inc., a wholly-owned subsidiary of Pitney Bowes Inc.,
provides leading enterprises with solutions to acquire, serve
and grow customer relationships. Our software and services
enable organizations to turn data into critical customer insight
that provides the competitive advantage required to succeed in
today's global markets. With a deeper understanding of its
customers, organizations can establish meaningful connections
and build more profitable customer relationships. Visit
www.pbbusinessinsight.com and www.pb.com for more information.
Duck Creek is a registered trademark or trademark of Duck Creek
Technologies, Inc. All other trademarks are the property of Pitney
Bowes Software, Inc.
© 2010. Pitney Bowes Software, Inc. and Duck Creek Technologies,
Inc. All Rights Reserved.
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