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

Nominating Committee for 2015 Novarica Research Council Impact Awards Announced

For those on the technology implementation and management side of the insurance industry the research and advisory firm Novarica is no doubt a very familiar one. The company provides information, insights, and perspectives to industry professionals on a variety of topics and hosts the Novarica Insurance Technology Research Council, a moderated knowledge-sharing community of more than 325 senior IT executives representing more than 300 North American insurers. [ Read More ]
11/19/2014

Kofax to Improve Claims Processing for General Insurance and Asset Management Provider

Improving the business processes associated with mission critical insurance interactions is at the top of most insurers' lists regardless of where they are located around the world. An example of the universality of the need to improve such processes through software automation, which not only improves business process efficiency but also reduces costs while improving the customer experience, is a recent announcement from business process automation specialists Irvine, CA-based Kofax. [ Read More ]
11/19/2014

MedeAnalytics Announces Partnership with Wellmark

MedeAnalytics Employer Reporting software provides healthcare providers with cost-analysis and reporting tools they can use to improve plans and better serve customers. MedeAnalytics recently announced that it will be working with Wellmark Blue Cross and Blue Shield to enhance services for insurance recipients in Iowa and South Dakota. [ Read More ]
11/18/2014

Texas Mutual Insurance Company Implements Guidewire Systems

Guidewire Software has recently announced that Texas Mutual Insurance Company has selected Guidewire products to help fulfill specific business needs. Guidewire strives to bring technology to insurers differently than other vendors. Guidewire prides itself on understanding the P/C industry, the challenges involved and insurers' expectations. [ Read More ]
11/17/2014
FREE Insurance Technology enewslettter.

Events

Weekly Live Demo
Contact Center Solutions

Register Today!