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e2Value, Inc. and Duck Creek Technologies Announce Partnership to Provide Valuations for Residential Properties
Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags
partnership
Rhea-AI Summary
Duck Creek Technologies (DCT) has partnered with e2Value, Inc., a leading provider of web-based property valuation solutions. This collaboration allows DCT customers to utilize e2Value’s patented replacement cost estimators for residential properties, enhancing risk management and pricing capabilities. The SaaS tool integrates seamlessly with existing technologies, improving customer service and risk evaluation. The partnership aims to reduce financial risks for insurers by providing accurate valuation reports, mitigating discrepancies between estimated and actual replacement costs.
Positive
New partnership with e2Value enhances Duck Creek's service offerings.
Access to patented replacement cost estimators improves risk management and pricing for customers.
Integration of e2Value’s tools assists in accurate insurance valuation, reducing financial risk for insurers.
Negative
None.
STAMFORD, Conn.--(BUSINESS WIRE)--
e2Value, Inc., the leading provider of web-based property valuation solutions, announced today that it has entered into a partnership with Duck Creek Technologies (Nasdaq: DCT). The partnership will allow Duck Creek customers access to e2Value’s patented replacement cost estimators for residential properties. This software-as-a-service (SaaS) assists with improving risk selection, pricing, customer service, and overall risk management.
“We designed our web-engineered SaaS tool to integrate easily with our customers’ technologies,” Todd Rissel, CEO of e2Value, said. “Now that we are partnered with Duck Creek Technologies, P&C businesses can quickly and efficiently access Insurance-to-Value and collateral value monitoring solutions.”
The Solution Partners in Duck Creek's Partner Ecosystem extend and enhance the value of their core systems. Providing their customers' access to e2Value will reduce the financial risk for insurers by providing a comprehensive valuation report, which lessens any discrepancy between estimated and actual replacement costs for structures.
“Property valuation is at the core of underwriting and pricing homeowners’ insurance, but without a rich data set that enables a fuller view of replacement costs, carriers have not been able to take full advantage of the tools available to them,” said Elizabeth Del Ferro, Vice President of Partner GTM at Duck Creek Technologies. “We are pleased to partner with e2Value and make their solution available to our joint customers.”
About e2Value, Inc.
e2Value, Inc. is a full-service application development and technology provider that offers products to assist with asset valuation. Our tools can be used for collateral asset valuation, risk management, and predictive modeling. We offer full-featured, knowledge-based Internet applications that enable consistency and standardization of pricing, processes and procedures for all financial firms.
Founded in 2000 and based in Stamford, Connecticut, e2Value is the leading SaaS provider delivering valuations for residential, commercial, and farm and ranch properties in the United States and Canada. The company provides the best property-based solution for risk management on a web platform while easily integrating with the latest technologies. Our services expedite decision making and information sharing among the sales, underwriting, asset valuation, predictive modeling and claims functions.
Duck Creek Technologies (Nasdaq: DCT) is a leading provider of core system solutions to the P&C and General insurance industry. By accessing Duck Creek OnDemand, the company’s enterprise Software-as-a-Service solution, insurance carriers are able to navigate uncertainty and capture market opportunities faster than their competitors. Duck Creek’s functionally rich solutions are available on a stand-alone basis or as a full suite, and all are available via Duck Creek OnDemand. For more information, visit duckcreek.com.
Media:
Drake Manning, Director of Communications, Duck Creek Technologies (857) 201-5784, drake.manning@duckcreek.com
Angela Connolly, Business Analyst, e2Value, Inc., (203) 975-7990, aconnolly@e2value.com
Source: e2Value, Inc.
FAQ
What is the recent partnership announced by Duck Creek Technologies (DCT)?
Duck Creek Technologies (DCT) recently announced a partnership with e2Value, Inc. to provide customers access to property valuation solutions.
How will Duck Creek's (DCT) partnership with e2Value impact its customers?
The partnership will allow Duck Creek customers to utilize e2Value’s replacement cost estimators, improving risk management, pricing, and overall service.
What are the benefits of Duck Creek Technologies (DCT) partnering with e2Value?
Benefits include enhanced risk assessment capabilities, accurate valuation reports, and reduced financial risk for insurers.
