Duck Creek Technologies, a provider of property and casualty (P&C) and general insurance software solutions, has launched Duck Creek Reinsurance with Active Delivery, a new solution designed to help insurers simplify project management and improve financial controls.
The company explains that this “groundbreaking solution eliminates the need for costly upgrades and enables insurers to manage complex reinsurance programs at scale in an era of rapid market change and fragmented risk.”
Duck Creek Reinsurance is built on the AWS platform and uses Active Delivery capabilities to automatically provide product updates to insurance companies every month.
These updates are deployed mid-month to ensure zero disruption to month-end operations and eliminate the need for expensive, resource-intensive upgrades.
Insurers maintain full control over when new features are activated through feature flags, ensuring production environments are protected. Any necessary customization is managed directly by the Duck Creek team.
The insurance industry has long struggled with fragmented systems and a reliance on spreadsheets, which often results in leaked claims, slow financial settlements and increased operational risk.
Duck Creek Reinsurance with Active Delivery aims to replace this platform with a cloud-native, always-up-to-date platform that centralizes contracts, automates workflows and provides real-time insights.
“We are pleased to launch Duck Creek Reinsurance with Active Delivery, which brings a new level of functionality and control to reinsurance operations,” said Celine Thierry, senior director of reinsurance product management at Duck Creek Technologies.
He continued: “By eliminating upgrade cycles and enabling continuous delivery, insurers can respond more quickly to market changes, improve financial results, and focus on optimizing risk strategies and driving growth rather than maintaining legacy systems.”
Key benefits include:
- Cloud-native stability: Provide continuous innovation through a secure SaaS model without the need for manual upgrade projects.
- Comprehensive Visibility: Comprehensive, real-time visibility into contracts, risk exposures and recoverable amounts, increasing contract certainty and audit transparency.
- Enhance financial performance: Optimize recoverable amounts and reduce leakage, resulting in faster collections, improved cash flow and more accurate financial reporting.
The platform also enables omni-channel access, enabling collaboration between underwriting, finance and reinsurance teams. Dynamic workflows and rules-based processing help ensure consistent results and optimized treaty performance.
