Boston, Aug. 15, 2022 (GLOBE NEWSWIRE) — Duck Creek Applied sciences (NASDAQ: DCT), the clever options supplier defining the way forward for property and casualty (P&C) insurance coverage has been acknowledged by Aite-Novarica Group in its newest publication, P/C Claims Administration Techniques Vendor Evaluation Report, as a Dominant Supplier. Duck Creek obtained recognition from the advisory agency for upholding a powerful market place and gaining constructive momentum with options which might be well-known.
Duck Creek Claims is a low-code SaaS (software-as-a-service) core resolution that allows carriers throughout all traces of enterprise, enabling quicker claims dealing with all through your entire claims lifecycle. Duck Creek companions with established and rising insurtech distributors to create value-adding integrations, which enhance the general buyer expertise. Aite-Novarica Group significantly famous Duck Creek Claims’ silent updates, enhancements to staff’ compensation claims and claims configuration administration instruments as a few of the latest high strategic product enhancements.
“It’s thrilling to be named as a Dominant Supplier by Aite-Novarica Group for our modernized insurance coverage claims resolution,” mentioned Elaine Rogalla, Sr. Product Supervisor, Duck Creek Applied sciences. “Duck Creek is dedicated to bettering the general claims course of by creating superior know-how and partnering with progressive insurtechs that allow insurers to rapidly and simply design their very own distinctive claims ecosystem.”
“Core claims administration methods are a key element of any P&C insurer’s strategic know-how footprint,” mentioned Deb Zawisza, Senior Principal at Aite-Novarica Group. “Insurers are in search of trendy options, which suggests cloud-based choices which have broad enterprise capabilities, versatile configurability, and an ecosystem of built-in companions. Insurers at this time perceive that the declare operate and claims methods are a aggressive benefit to assist them perceive their very own enterprise higher in addition to present higher customer support to create long-term buyer relationships.”
The report focuses on 21 core claims options and gives an summary of their configuration, key differentiators, previous product enhancements and upcoming product initiatives. Claims administration methods are a key element of an insurer’s know-how footprint. Core system capabilities have advanced from legacy methods that monitor financials, declare notes, and paperwork to data-driven processing engines that may hook up with an array of ecosystem companions. The report is meant to assist insurers rapidly perceive who’s energetic within the area and their roughly relative market positions.
About Aite-Novarica Group
Aite-Novarica Group is an advisory agency offering mission-critical insights on know-how, laws, technique, and operations to a whole lot of banks, insurers, funds suppliers, and funding companies—in addition to the know-how and repair suppliers that assist them. Comprising former senior know-how, technique, and operations executives in addition to skilled researchers and consultants, our specialists present actionable recommendation to our shopper base, leveraging deep insights developed by way of our in depth community of purchasers and different business contacts.
About Duck Creek Applied sciences
Duck Creek Applied sciences (NASDAQ: DCT) is the clever options supplier defining the way forward for the property and casualty (P&C) and common insurance coverage business. We’re the platform upon which trendy insurance coverage methods are constructed, enabling the business to capitalize on the facility of the cloud to run agile, clever, and evergreen operations. Authenticity, objective, and transparency are core to Duck Creek, and we imagine insurance coverage must be there for people and companies when, the place, and the way they want it most. Our market-leading options can be found on a standalone foundation or as a full suite, and all can be found by way of Duck Creek OnDemand. Go to www.duckcreek.com to study extra. Observe Duck Creek on our social channels for the most recent data – LinkedIn and Twitter.
Carley BunchDuck Creek Applied sciences
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Supply: Duck Creek Applied sciences
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