Duck Creek Technologies, Inc., a leading provider of modern policy administration, product definition & configuration, sales automation, and rating solutions for the insurance industry, today announced that Oregon Mutual Insurance Company has selected Duck Creek’s Policy Administration Commercial ISO Lines Solution. The implementation will consist of nine lines of business being implemented across multiple states.
Oregon Mutual’s selection of Duck Creek was due in large part to the solution’s ability to support any product, any line of business and any distribution channel across Oregon Mutual’s various business needs. The flexibility offered with Duck Creek’s platform enables the support for all property and casualty commercial lines of business, giving the carrier speed and flexibility to add additional lines and volume as their business grows.
Oregon Mutual licensed the Duck Creek ISO solution for CPP (Commercial Package Policies), which includes Commercial Auto, Commercial Property, Crime, Inland Marine, and General Liability. These pre-built out-of-box ISO products (templates) coupled with Duck Creek’s flexible platform proved an ideal fit for Oregon Mutual’s need to package several commercial lines across multiple states. The Duck Creek solution offers Oregon Mutual full ISO support for rates, rules, circulars, and over 20,000 ISO forms. Ongoing implementation and enhancement of the ISO content is included with Oregon Mutual’s maintenance agreement with Duck Creek. In addition to the ISO solutions, they also purchased EPLI, Farm and Commercial Umbrella.
“We wanted a system that would allow our agents easy online access to a wealth of capabilities. We also wanted to ensure that the system we selected would support our anticipated growth while enabling us to continue to provide exemplary service to our agent partners,” said Rick Prouser, Vice President of Information Systems at Oregon Mutual Insurance Company. “After an extensive market search and evaluation of the available systems, we felt the Duck Creek system best fit our needs. The agent portal, commercial lines ISO processing capabilities, and configuration flexibility offered with Duck Creek’s tool-based approach made for an attractive offering.”
Oregon Mutual Insurance, Finance & Commercial Lines Vice President Ed Yorty added, “Self-sufficiency was also a key in our decision. As part of the product implementation, Duck Creek is building a solution for our Farm/Agribusiness/Ranch line. This work combined with the system’s pre-built commercial line ISO templates and the tool-based platform will give us the ability to internally maintain the system and support our products without the need to rely on Duck Creek.”
Curtis Gekle, Duck Creek Technologies EVP for Sales & Marketing, commented, “I thank Oregon Mutual for selecting Duck Creek and for their confidence in both our system and the Duck Creek team. We welcome them to our growing family of clients taking advantage of our commercial ISO lines solution and we look forward to continuing our work with Oregon Mutual’s implementation team. ”
The Duck Creek Technologies Policy Administration Solution supports the complete policy life cycle including: agent & consumer self-service portals, rating, underwriting, policy issuance, product definition & configuration, document management, bureau and stat code generation, reporting, and business workflow. With the flexibility of the Duck Creek solution, carriers are able to easily tailor the policy administration system to address their company’s specific business needs. This can be accomplished by purchasing an out-of-the-box solution, extending an out-of-the-box solution, or building (define/configure) a component of the full solution or the full solution.