Duck Creek Technologies, Inc., a provider of product configuration, sales automation, rating and policy administration solutions for the insurance industry, today announced that Everest National Insurance Company has selected Duck Creek’s Commercial Policy Administration Solution, a web enabled platform designed to manage the complete commercial lines policy life cycle. The implementation will initially focus on Everest’s General Liability and Excess & Surplus lines with plans to support other commercial lines in the future.
One of the key factors contributing to Everest’s selection of Duck Creek was the system’s flexibility and tool-based approach that will enable quick development and deployment of new insurance products. Being able to respond quickly to market opportunities in today’s competitive marketplace was one of the insurer’s main objectives.
As a web enabled solution built on service oriented architecture (SOA), the Duck Creek policy administration solution proved a good fit for Everest’s technology strategy. In addition to the need for a flexible and configurable system, Everest also had a desire to be self-sufficient in order to quickly make product modifications and build new products with minimal ongoing dependence on Duck Creek resources.
“We wanted a solution that was tool-based and was consistent with our SOA technology strategy, but we also wanted a system that would enable us to control our own destiny without having to rely on the vendor for every modification, enhancement, and new product. Duck Creek proved to be a good fit on all counts,” Sandeep Bajaj, CIO with Everest National Insurance Company.
Everest’s Executive Vice President and CAO Barry Smith commented, “Our selection of Duck Creek was a combination of the strength of their policy administration solution, coupled with the Duck Creek team’s depth of insurance industry business knowledge and technical expertise.”
Smith continued, “With the Duck Creek system, the tools-based technology platform enables our business users for the first time to have easy access to and control of data---so they can more quickly make informed underwriting decisions; allowing us to take advantage of market opportunities with the proper infrastructure.”
Duck Creek’s Doug Roller, CEO, noted, “We are pleased to welcome Everest National Insurance Company to our growing family of clients and thank them for selecting Duck Creek. Our success is the reflection of the ongoing support and vision of our clients combined with the dedication of the Duck Creek team. We look forward to continuing our work with the Everest implementation team to support their company’s growth strategy. “