NU Online News Service, May 18, 2:42 p.m.EDT--Duck Creek Technologies Inc.,a provider of rating andpolicy administration software for the insurance industry,announcedtoday the upcoming release of a 50-state Commercial Lines rating,underwriting and policy processing solution.

|

The Bolivar, Mo.-based firm said EXAMPLE Commercial Templatesnow are scheduled for limited release by the end of summer 2005,with wide availability by the end of the year.

|

Commercial Lines Templates, Duck Creek said, are off-the-shelfproducts that support ISO and NCCI-based rating, underwriting,policy processing, statistical coding and forms generation.

|

Duck Creek said it is currently working with several "earlyadopter" customers to test and complete the product for generalliability, workers' compensation, property, auto, crime and inlandmarine lines.

|

Duck Creek's Commercial Lines Templates can be customizedthrough EXAMPLE Author, a product definition environment thatenables the carrier to adjust the ISO and NCCI standard rates,rules and workflow, resulting in a customized, carrier-specificproduct, the company said.

|

Customers can utilize the templates in a "black box" ratingenvironment or as part of a full policy processing system.

|

Duck Creek Technologies said it enables insurance carriers andother participants in the insurance distribution process to defineand develop rating, underwriting and policy processing services forany line of business and to deploy those services to the Web and toall other points on the product value chain. The company's EXAMPLEPlatform supports all aspects of product definition, including datacapture, rating, rules, interview screens, documentation, workflowand transactions.

|

Further information is available at http://www.duckcreektech.com.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.