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

Optimal Blue partners with Arch Mortgage Insurance Company

According to the terms of the agreement, Optimal Blue will now provide Arch MI's competitive pricing and Rate Quote workflow within its eligibility and pricing services. Arch MI customers using Optimal Blue's services can now request for Arch MI's mortgage insurance premium rates for up to five loan products. [ Read More ]
08/29/2014

State Farm Makes Auto Claims Submission with Mobile Devices Easier

Unfortunately, we are all too familiar with the phrase, "accidents will happen!" Whether it is a fender-bender or a serious collision we have all been there and done that when it comes to capturing all of the information we need to submit a claim that insurance companies can easily and quickly process. To use another popular phrase, "It is a real pain in the neck." [ Read More ]
08/28/2014

Insurance Industry Increases Hiring for Technology Jobs

Insurance companies have lots of job opportunities for those with thecnology skills. [ Read More ]
08/28/2014

American National Insurance Company Selects iPipeline Solution

iPipeline, a company that offers on-demand marketing, selling, and processing solutions, recently announced that its AFFIRM for Annuities solution has been selected by American National Insurance Company, a provider of life and annuities products, to automate the advisor selling process. By supporting the customized workflows and streamlining the order-entry process, the solution allows financial institutions to meet their requirements for FINRA, SEC and state compliance. [ Read More ]
08/26/2014
FREE Insurance Technology enewslettter.

Events

Weekly Live Demo
Contact Center Solutions

Register Today!