WARREN, N.J. and MUMBAI, India, Jan. 25,
2023 /PRNewswire/ -- LTIMindtree (NSE: LTIM) (BSE:
540005), a global technology consulting and digital solutions
company, today announced that it has partnered with Duck Creek
Technologies (NASDAQ: DCT), the intelligent solutions provider
defining the future of property and casualty (P&C) insurance,
and Microsoft to build a solution that will enable insurers to
migrate their on-premises core systems to the cloud in a quick and
efficient manner.
The solution brings together LTIMindtree's core modernization
expertise, migration tools, and accelerators, Duck Creek's
industry-leading software-as-a-service (SaaS) platform 'Duck Creek
OnDemand', and Microsoft's comprehensive and secure Azure cloud
platform. It will help insurers gain competitive advantage by
delivering superior customer experience, innovation,
cost-efficiency, and revenue growth. LTIMindtree's comprehensive
end-to-end cloud migration framework and remediation bots empower
insurers to fully harness the agility and power of Duck Creek
OnDemand to achieve predictable outcomes and transform their
businesses.
"Insurers of all sizes are increasingly looking to tap into
SaaS-based core systems to boost their ability to launch new
products, reach new customers, and provide differentiated
experiences," said Mukund
Rao, Chief Business Officer for Banking, Financial
Services and Insurance at LTIMindtree. "Our solution will help them
take a holistic approach to 'core-to-experience' transformation for
thriving in the marketplace of the future."
"As customer demands and digital technologies evolve, insurers
must drive continuous product innovation, accelerated
speed-to-market, higher responsiveness, and personalized
omnichannel experiences to stay relevant and resilient," said
Rohit Bedi, Chief Revenue
Officer at Duck Creek Technologies. "This solution will make it
faster and easier for insurers to achieve their strategic goals by
realizing future-ready, cloud-based core systems."
"Amid a fast-changing insurance landscape, it is imperative for
insurers to thrive on disruption and convergence by empowering
intelligent insurance," said Kim
Vogel, GM Insurance Sales for Microsoft Corp. "By
combining capabilities of Microsoft, Duck Creek, and LTIMindtree,
this solution will enable new ways for insurers to boost agility,
delight customers, drive new business models, enhance partner
collaboration, and achieve better business outcomes. It will help
insurers leapfrog operational challenges and complexities to
deliver higher availability, scalability, security, and resiliency
of their core systems."
About LTIMindtree
LTIMindtree is a global technology consulting and digital
solutions company that enables enterprises across industries to
reimagine business models, accelerate innovation, and maximize
growth by harnessing digital technologies. As a digital
transformation partner to more than 700 clients, LTIMindtree
brings extensive domain and technology expertise to help drive
superior competitive differentiation, customer experiences, and
business outcomes in a converging world. Powered by
nearly 90,000 talented and entrepreneurial professionals
across more than 30 countries, LTIMindtree — a Larsen
& Toubro Group company — combines the industry-acclaimed
strengths of erstwhile Larsen and Toubro Infotech and Mindtree in
solving the most complex business challenges and delivering
transformation at scale. For more information, please
visit www.ltimindtree.com.
About Duck Creek Technologies
Duck Creek Technologies (NASDAQ: DCT) is the intelligent
solutions provider defining the future of the property and casualty
(P&C) and general insurance industry. We are the platform upon
which modern insurance systems are built, enabling the industry to
capitalize on the power of the cloud to run agile, intelligent, and
evergreen operations. Authenticity, purpose, and transparency are
core to Duck Creek, and we believe insurance should be there for
individuals and businesses when, where, and how they need it most.
Our market-leading solutions are available on a standalone basis or
as a full suite, and all are available via Duck Creek OnDemand.
Visit www.duckcreek.com to learn more. Follow Duck Creek on our
social channels for the latest information – LinkedIn and
Twitter.
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