Insurance & Technology News
Crum & Forster Selects Accenture to Support Technology Modernization
Nov 08, 2012 (M2 PRESSWIRE via COMTEX) --
Accenture (NYSE: ACN) has been selected by Crum & Forster, a leading provider of specialty and standard insurance offerings, to deploy Accenture Duck Creek Policy Administration software. Crum & Forster will use the software as a major component of its rating and policy processing system for commercial lines, specialty lines and workers' compensation. The new system will enable Crum & Forster to quickly and easily launch and maintain products, and increase operational efficiencies by streamlining policy administration processes.
Crum & Forster will also use Accenture Duck Creek Templates, a pre-configured insurance product deployment solution for Insurance Services Office (ISO) based commercial lines and National Council on Compensation Insurance (NCCI) based workers' compensation products. Going forward, the templates will enable the rapid implementation and maintenance of these lines of business.
"As our business continues to expand, we need a new system with advanced technology to help us scale up for growth," said Nicole Bennett, CIO, Crum & Forster. "We selected Accenture Duck Creek software because it will enable us to easily support and configure all of our lines of business on a single platform. Giving our lines of business configuration capabilities will allow us to react faster to market changes with updated products and better service."
"We are pleased to be working with Crum & Forster and supporting their growth initiatives," said Michael A. Jackowski, global managing director of Accenture Software for P&C insurance. "The flexibility and rich functionality of our policy administration software suite, including our industry-leading rating solution, will allow them to provide an enhanced user experience for both underwriters and agents."
Accenture's award-winning policy and claims software offers carriers an integrated suite of software with modules that can be implemented individually or as part of a broader migration strategy. The combined software enables insurers of all sizes to benefit from a flexible suite of property & casualty (P&C) software to configure products, transact lines of business and process claims.
About Crum & Forster
Crum & Forster is a national insurance group that is part of Fairfax Financial Holdings Limited. Crum & Forster is a registered trademark of United States Fire Insurance Company. United States Fire and its affiliated companies provide a broad range of standard and specialty insurance products and services.
Visit their website at www.cfins.com .
Accenture is a global management consulting , technology services and outsourcing company, with 257,000 people serving clients in more than 120 countries. Combining unparalleled experience, comprehensive capabilities across all industries and business functions, and extensive research on the world's most successful companies, Accenture collaborates with clients to help them become high-performance businesses and governments. The company generated net revenues of US$27.9 billion for the fiscal year ended Aug. 31, 2012. Its home page is www.accenture.com .
Accenture Software combines deep technology acumen with industry knowledge to develop differentiated software products. It offers innovative software-based solutions to enable organizations to meet their business goals and achieve high performance. Its home page is www.accenture.com/software . For P&C Insurance software, its home page is www.accenture.com/pcsoftware .
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UPDATED 8:43 PM EST - Mar 09, 2014
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