The clever property and casualty (P&C) and common insurance coverage options supplier, Duck Creek Applied sciences has launched Duck Creek Funds in North America providing the insurance coverage trade entry to any international fee supplier or expertise for premium collections and claims disbursements.
Serving because the singular entry level to the worldwide funds ecosystem, Duck Creek Funds ensures insurers take pleasure in heightened price effectivity. It additionally accelerates time-to-market, improves buyer experiences, and future-proofs fee choices, all whereas making certain fee compliance.
Recognising the more and more vital function of funds in assembly buyer expectations, the insurance coverage firm caters to insurers’ distinctive wants. It acknowledges the challenges of integrating fee options not inherently designed for the insurance coverage trade.
Increasing from Europe
Initially crafted for the European insurance coverage market, Duck Creek Funds has already solved fee complexities for European purchasers. By complementing Duck Creek’s broader suite of core system options, insurers can now additionally hook up with their most well-liked fee supplier, harnessing their chosen fee expertise within the areas through which they function or on a world scale with out the complications of in depth and time-consuming integrations.
“Duck Creek Funds is the important thing to unlocking a streamlined, future-ready fee expertise for insurers, solidifying its standing as a game-changer in our trade,” stated Jess Keeney, chief product and expertise officer, Duck Creek Applied sciences. “The selection and adaptability this revolutionary answer additionally present our clients will supply them important benefits and place them for achievement within the evolving digital funds panorama.”
“Revolutionising fee practices within the insurance coverage sector isn’t merely an improve; it’s a basic shift in direction of a future the place effectivity and buyer satisfaction reign supreme”, says Karlyn Carnahan, head of Celent’s North American insurance coverage observe.
“Modernising fee processes is the linchpin for insurers to remain agile, cut back operational complexities, and finally, ship a frictionless customer-centric expertise. In an period outlined by technological developments, embracing these modifications isn’t simply an possibility; it’s a strategic necessity for the insurance coverage trade to thrive and meet the evolving wants of each insurers and policyholders alike.”
