Accenture has released the latest version of Accenture Duck Creek Policy software to help property and casualty insurers streamline policy administration processes and accelerate speed to market.
Built on Microsoft’s .NET framework, the new release of Accenture Duck Creek Policy software has been enhanced with additional ease-of-use and rapid product implementation features that support a carrier’s growing business.
Available as a complete policy administration suite or as modular components that can be implemented based upon an insurer’s requirements, the software has new customer information management functionality. This enables users to centralise and shares customer data across the entire Duck Creek Insurance suite, reducing duplicate data entries and improving customer service.
Users can also benefit from new automation capabilities for Accenture Duck Creek Product Studio, a product lifecycle management tool used in tandem with Duck Creek Policy. This enables business users to automatically validate rate testing and trace product requirements to quickly drive product changes.
An enhanced test automation centre allows users to increase testing efficiency by enabling them to easily create, edit and execute test scripts for Accenture Duck Creek web-based applications.
“Accenture Duck Creek is a system that can support the different needs of agents, underwriters and other users is critical for insurers that seek profitable growth,” said Michael Jackowski, global managing director of Accenture Duck Creek. “Duck Creek Policy has the configurability that enables users to modify and test rules, rates and forms quickly and easily. It delivers a real-time view into transactions and processes relevant to each user group.”
The software also has codeless configuration options to allow users to define and modify all aspects of an insurance product – including rating, rules, forms, pages, workflow and transactional processing – without changing programming code.
In addition, multi-channel user interaction capabilities enable carriers to support multiple distribution channels and user types from a single product definition. This enables carriers to rate, quote and issue policies across various channels and allows them to react quickly to changing markets by more easily launching products in new channels.
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