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Island Insurance Companies selects Duck Creek Technologies’ Commercial Lines Rating Solution

Duck Creek Technologies, Inc., a provider of rating and policy administration solutions for the insurance industry, today announced that Honolulu based, Island Insurance Companies has chosen Duck Creek’s Commercial Lines Rating Solution. The Duck Creek solution is built on the EXAMPLE Platform® and will be implemented as a best-of-breed rating solution. The selection of Duck Creek’s EXAMPLE Platform is an integral component to Island Insurance’s commitment to a Service Oriented Architecture (SOA).

With implementation currently underway the Duck Creek solution will be used to rate Island’s commercial product lines, including workman’s compensation and general liability. A key factor in the company’s selection of Duck Creek was a combination of the system’s SOA architecture and its ability to fit well with the insurer’s best-of-breed strategy.

With its configuration and rules-engine approach, the Duck Creek solution will enable Island Insurance to be self-sufficient, requiring minimal long term support from Duck Creek for ongoing product changes, and the development and deployment of new products. Island Insurance is implementing in multiple phases with a goal of converting all lines of business to the new rating solution.

Jeff Fabry, CIO with Island Insurance, commented, “After a six month analysis of the market we selected Duck Creek Technologies’ EXAMPLE Platform because it offered a best-of-breed rating solution and is a perfect fit for our SOA approach. By leveraging Duck Creek’s ISO templates we anticipate gaining a competitive advantage by increasing our speed to market.”

Fabry continued, “Combining the system’s technical advantages with Duck Creek’s in-house IT services team, rich in insurance industry knowledge, we realized that this was the best solution to support our business strategy.”

Duck Creek’s Wendy Corman, Senior Vice President of Business Development, noted, “We are very pleased that Island Insurance selected our Commercial Lines Rating Solution as part of its growth strategy. We are looking forward to continuing to work with the Island team throughout the implementation to help them gain maximum value from the Duck Creek solution.”