Duck Creek acquires distribution software provider
The addition of Outline Systems LLC to Duck Creek’s ecosystem furthers the company’s goal to provide P&C carriers with end-to-end system modernization.
Duck Creek Technologies, the Boston-based insurance software company, has acquired Outline Systems LLC, a New Jersey-based provider of P&C insurance distribution channel management software, the companies announced Wednesday.
“Outline’s distribution channel management software is a natural addition to Duck Creek’s platform and marks an important milestone in our growth strategy,” Duck Creek CEO Michael Jackowski said in a press release.
Effective immediately, Outline’s flagship product was rebranded as Duck Creek Distribution Management, and will be offered alongside Duck Creek’s other P&C insurance solutions. Duck Creek also will capitalize on Outline’s software products and expertise to optimize their producer channels through onboarding, licensing, compliance, reporting, relationship management, and commission management capabilities.
“Distribution management is keenly important to insurers as they expand channels, move into new territories, and add distributors,” said Karlyn Carnahan, head of Celent’s Property/Casualty practice for the Americas. “Coupling a distribution management solution with configurable core systems can offer insurers a distinct competitive advantage by assuring the consistent delivery of key processes while optimizing the ability to access and use data.”
See also:
The software revolution laps the insurance shore
The 3 stages of the P&C insurance software system selection process