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Duck Creek Technologies, Inc. specializes in delivering software-as-a-service core systems tailored for the property and casualty insurance industry, catering to both domestic and international markets. The company's offerings are designed to streamline and enhance various aspects of insurance operations, from policy administration to billing, claims processing, and beyond.
At the core of Duck Creek's portfolio is Duck Creek Policy, empowering insurers to innovate and launch new insurance products swiftly while managing all facets of policy administration, including quoting, binding, and servicing. Duck Creek Billing complements this by providing comprehensive payment and invoicing capabilities, encompassing billing, collections, commission processing, disbursement management, and general ledger functionalities across different insurance lines and bill types.
Duck Creek Claims supports the entire lifecycle of claims management, from initial notice of loss through investigation, payments, negotiations, reporting, and closure. The company's solutions also include Duck Creek Rating for developing and deploying real-time quotes based on complex rating algorithms, and Duck Creek Insights, facilitating robust insurance analytics by consolidating data from internal and external sources into a unified system.
Furthermore, Duck Creek Digital Engagement fosters seamless digital interactions between property and casualty insurers, agents, brokers, and policyholders. Duck Creek Distribution Management automates sales channel activities such as producer onboarding, compliance, and compensation management. Additionally, Duck Creek Reinsurance Management automates financial and administrative functions, while Duck Creek Industry Content offers pre-built content with base business rules, product designs, rating algorithms, data capture screens, and workflows tailored for specific insurance lines like commercial auto, inland marine, and workers compensation. Founded in 2016 and headquartered in Boston, Massachusetts, Duck Creek Technologies continues to innovate and expand its offerings in collaboration with industry partners like Shift Technologies, Inc., particularly in implementing advanced AI fraud detection capabilities.
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