Duck Creek Technologies, Inc., a provider of product configuration, sales automation, rating and policy administration solutions for the insurance industry, announced that Everest National Insurance Company has selected Duck Creek’s Commercial Policy Administration Solution, a web enabled platform designed to manage the complete commercial lines policy life cycle. The implementation will initially focus on Everest’s General Liability and Excess & Surplus lines with plans to support other commercial lines in the future.
One of the key factors contributing to Everest’s selection of Duck Creek was the system’s flexibility and tool-based approach that will enable quick development and deployment of new insurance products. Being able to respond quickly to market opportunities in today’s competitive marketplace was one of the insurer’s main objectives.
As a web enabled solution built on service oriented architecture (SOA), the Duck Creek policy administration solution proved a good fit for Everest’s technology strategy. In addition to the need for a flexible and configurable system, Everest also had a desire to be self-sufficient in order to quickly make product modifications and build new products with minimal ongoing dependence on Duck Creek resources.
“We wanted a solution that was tool-based and was consistent with our SOA technology strategy, but we also wanted a system that would enable us to control our own destiny without having to rely on the vendor for every modification, enhancement, and new product. Duck Creek proved to be a good fit on all counts,” Sandeep Bajaj, CIO with Everest National Insurance Company.
Everest’s Executive Vice President and CAO Barry Smith commented, “Our selection of Duck Creek was a combination of the strength of their policy administration solution, coupled with the Duck Creek team’s depth of insurance industry business knowledge and technical expertise.”
Smith continued, “With the Duck Creek system, the tools-based technology platform enables our business users for the first time to have easy access to and control of data---so they can more quickly make informed underwriting decisions; allowing us to take advantage of market opportunities with the proper infrastructure.”
Duck Creek’s Doug Roller, CEO, noted, “We are pleased to welcome Everest National Insurance Company to our growing family of clients and thank them for selecting Duck Creek. Our success is the reflection of the ongoing support and vision of our clients combined with the dedication of the Duck Creek team. We look forward to continuing our work with the Everest implementation team to support their company’s growth strategy. “
Everest Re Group, Ltd. is a Bermuda Holding company that operates through the following subsidiaries: Everest Reinsurance Company provides reinsurance to property and casualty insurers in both the U.S. and international markets. Everest Reinsurance (Bermuda), Ltd., including through its branch in the United Kingdom, provides reinsurance and insurance to worldwide property and casualty markets and reinsurance to life insurers. Everest National Insurance Company and Everest Security Insurance Company provide property and casualty insurance to policyholders in the U. S. Everest Indemnity Insurance Company offers excess and surplus lines insurance in the U. S.
About Duck Creek Technologies
Duck Creek Technologies is a leading provider of software and services to the insurance industry, providing rating and policy administration solutions for personal, commercial, and specialty lines. Duck Creek Technologies offers next—generation policy administration solutions that support the complete policy life cycle process, from internet-based rating, quotes, proposals, and underwriting to policy administration and agency self-service. Duck Creek is dedicated to enabling customers to develop insurance products and to sell and service those products in their chosen markets with unprecedented speed-to-market, flexibility, reach and quality. Founded in 2000, Duck Creek Technologies is headquartered in Bolivar, Missouri, and has offices in Farmington, Connecticut, and Columbia, South Carolina. For more information, visit
www.duckcreektech.com or call 800-889-8401.