Insurance technology news from Duck Creek Technologies, Openly and more. (Credit: Wright Studio/Shutterstock)
Duck Creek Technologies integrated Lloyd's Outwards Reinsurance Scheme for its ceding reinsurance customers using Duck Creek Reinsurance. Lloyd's of London demands their members to have robust outwards (ceding) reinsurance strategies with appropriate systems, controls, procedures and expertise to enable the effective management of outwards reinsurance purchasing and recoveries. With this latest functionality, Duck Creek Reinsurance continues to offer global carriers the necessary tools to integrate into the world's leading reinsurance market.
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