Insurance Technology Featured Article

Accenture Launches New Version of Duck Creek Policy Administration

December 27, 2012

Accenture (News - Alert) plc, a management consulting, technology services and outsourcing company, recently launched the new version of Duck Creek Policy Administration, its policy administration and rating software platform and a key component of its Property & Casualty (P&C) Insurance software suite.

The new version comes with features that help users to reduce implementation time and cost, while improving account management and underwriting efficiencies.

Processes like the management of account data for large commercial risk quoting and policy processing; accessing information with an updated user interface highlighted by a new toolbar; getting products to market faster; and streamlining the testing process, have become seamless.

A business user can now create a product without the difficulty of writing code, greatly shortening development time and freeing up IT resources for other valuable tasks. Users can easily create new products, add new rules and change products in record time through a single point of change.

Users can also upgrade easily when new versions of the operating system are released. The solution is designed on a .NET (News - Alert) technology platform for flexibility in managing products across multiple business lines for agents, consumers and underwriters.

"Insurance companies are looking for advanced technologies that enable them to respond quickly to shifting market demands," said Michael Jackowski, global managing director, Accenture Software for P&C Insurance. "This release includes a number of application performance enhancements such as improved rating and underwriting rules processing, particularly for high volume scenarios common to top tier insurers."

In related news, United Bank of India is embarking on a transformation program to enhance its productivity by harnessing technology and operational changes. UBI has signed an agreement with Accenture (NYSE: ACN), which will provide management consulting advisory services to support the bank's strategic transformation program.

Accenture will advise the bank on ways to develop and optimize its operating model, with a significant focus on strengthening the bank's branch network and other customer channels. This will include assisting UBI with ways to renew and optimize its more than 1,700 branches, enhance the sales-effectiveness of its branch workforce, and improve and refine its branch footprint.

Want to learn more about the latest in communications and technology? Then be sure to attend ITEXPO Miami 2013, Jan 29- Feb. 1 in Miami, Florida.  Stay in touch with everything happening at ITEXPO (News - Alert). Follow us on Twitter.




Edited by Braden Becker

Article comments powered by Disqus

Related Insurance Technology Articles

Independence Holding Company Platform Administers Health Products on Private and Public Exchanges

As those who live in the U.S. have become more than aware in the past few years the administration of health care exchanges, be they public or private, is an extremely difficult to do not just correctly but cost-effectively as well. News from Independence Holding Company is that IHC Health Solutions, Inc., which administers multiple health insurance lines of business for IHC's carriers and other insurance companies, has launched EbixEnterprise, a state-of-the-art system in conjunction with Ebix,… [ Read More ]
02/26/2015

PROS Cameleon CPQ Provides Insurer AG2R LA MONDIALE Greater Agility and Flexibility

PROS Cameleon CPQ enables French insurance group AG2R LA MONDIALE to expand its multi-channel sales capabilities. [ Read More ]
02/25/2015

Wheelings and Dealings: New JV Acquires Tindall Associates

In terms of the other joint venture partner, LOGiQ³, it has been a partner to msg global solutions since May 2013, and is well grounded in working with TAI as it has used the TAI system for its Reinsurance Administration outsourcing business over several years as a consulting and outsourcing services provider. [ Read More ]
02/23/2015

Black Book Foresees Rise in Payer-Funded Private HIEs

A new research study from Black Book Rankings, a research institution for the clinical technology industry, explores the current state of and future predictions for health information exchanges (HIEs). HIE adoption is still quite low, but there is a growing need for providers and payers to share health information and industry consolidation is expected to lead to a mass rejection of public, government-sponsored solutions in favor of private HIEs for enterprise-grade interoperability. Furthermore… [ Read More ]
02/18/2015

Events

Weekly Live Demo
Contact Center Solutions

Register Today!