Insurance Technology Featured Article

Crum & Forster Select Accenture's Duck Creek for Operational Efficiencies

November 12, 2012

Crum & Forster, a renowned provider of specialty and standard insurance offerings, has selected Accenture’s (News - Alert) Duck Creek Policy Administration software to support, enhance and modernize its technology.

Duck Creek Software will be used by Crum & Forster as a major component of its rating and policy processing system for commercial lines, workers' compensation and specialty lines. Post deployment, the software will help the organization streamline its policy administration processes, increasing operational efficiency.

Crum & Foster will be using pre-configured insurance product deployment solutions in the form of templates for Insurance Services Office (ISO)-based commercial lines and worker’s compensation products based on National Council on Compensation Insurance (NCCI).

The templates will help in the rapid implementation and maintenance of the firm’s established lines of business going forward.

"As our business continues to expand, we need a new system with advanced technology to help us scale up for growth," said Nicole Bennett, chief information officer, Crum & Forster.  She commented that "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."

The award-winning policy and claims software from Accenture offers an integrated suite of software and modules, with the flexibility to be implemented individually or as a part of a broader migration strategy. The combined software thus aids insurers of all sizes.

The flexible suite of property and casualty (P&C) software enables all insurers big and small to configure products, transact lines of business and process claims.

The Crum & Forster group of companies consists of wholly-owned subsidiaries of Crum & Forster Holdings Corp. and indirect subsidiaries of Fairfax Financial Holdings Limited. Thus, Crum & Forster is a national insurance group that is part of Fairfax Financial Holdings Limited.

Accenture has been collaborating with its clients and helping them in becoming high-performance entities. The company generated net revenue of $27.9 billion for the fiscal year ending August 31, 2012. It is a global management consulting, technology services and outsourcing company, with about 257,000 people of its people serving clients in more than 120 countries.




Edited by Braden Becker

Article comments powered by Disqus

Related Insurance Technology Articles

Goji Compares and Customers Decide

When customers shop for auto insurance, the main goal is to save money and the key to saving is comparing. By comparing insurance quotes online, it's easier and quicker to assess rates from multiple carriers. Goji, the online insurance agency simplifies auto insurance with its newly launched insurance rate comparison estimator. [ Read More ]
10/08/2014

Estify Raises $1.5 Million to Integrate Insurance Estimates for Auto Body Repair

If you are involved in a car accident and asked to provide three estimates from body shops, the likelihood of getting the exact same amount is an improbability only theoretical mathematicians would be able to calculate. Auto body repair shops are notorious for the shady practices they carryout in providing their services, and the fact the Estify platform was born in the Wasatch Mountains of Utah probably underscores why this problem was not addressed in any other metropolitan city across America… [ Read More ]
10/06/2014

GEICO Earns Highest Overall Score in Forrester Research's Report

Online auto insurance companies are generating considerable business these days. Customers often find it easier to compare and search various plans online. Also, many online auto insurance companies offer attractive discounts to increase their business. [ Read More ]
10/03/2014

Report: Novarica Says Insurers are Spending More on IT

Novarica released its seventh annual U.S. Insurer IT Budget and Project report this past Monday, and it revealed that players in the insurance market are spending more on IT to increase abilities to bring products to market, analyze big data, and make internal workflows more efficient. [ Read More ]
10/01/2014
FREE Insurance Technology enewslettter.

Events

Weekly Live Demo
Contact Center Solutions

Register Today!