P&C Customers Will Have Access to More Comprehensive Hazard Solutions through Duck Creek and CoreLogic’s Expanded Relationship

Rhea-AI Summary

Duck Creek Technologies has announced an expanded collaboration with CoreLogic to enhance insurance underwriting through improved risk analytics. This partnership allows Duck Creek customers to utilize CoreLogic's RiskMeter Hazard Risk layers, facilitating real-time decision-making. The integration aims to reduce costs and improve the efficiency of insurance processes. Both companies reaffirm their commitment to delivering advanced hazard solutions to better support insurance professionals in 2022.

Positive

• Enhanced underwriting efficiency through the expanded partnership with CoreLogic.
• Access to CoreLogic's RiskMeter for real-time risk analytics, improving decision-making for insurers.

Negative

• None.

The strengthened relationship is an exciting enhancement to insurance underwriting

Boston, March 03, 2022 (GLOBE NEWSWIRE) -- Duck Creek Technologies (Nasdaq: DCT), a leading, global technology solutions provider to the property and casualty (P&C) insurance industry, has expanded its collaboration with CoreLogic, a leading provider of property intelligence solutions, to help connect critical touchpoints for a seamless underwriting experience. Insurers use CoreLogic’s highly accurate and comprehensive risk analytics solutions to help guide smart decision-making. The growing relationship enables customers to obtain a deeper level of business intelligence, one where decisions can be made in real-time.

Today, Duck Creek customers can readily leverage CoreLogic RiskMeter™ Hazard Risk layers like Flood and Distance to Coast through Duck Creek Anywhere Managed Integrations program that optimizes carriers’ integration costs and total cost of ownership. CoreLogic and Duck Creek each renew their commitment to enhance and jointly deliver more compelling hazard solutions through a modern core system technology to Duck Creek’s customers in 2022.

“We have a great collaboration with CoreLogic across two key integrations and, together, continue to make the insurance industry more efficient,” said Mike Jackowski, Chief Executive Officer at Duck Creek. “Automating property underwriting intelligence and aggregating data in ways that give underwriters the insights they need quickly, makes for smarter insurance decisions. Simply put, we're making it easier for insurance professionals to do their jobs.”

CoreLogic is a leading provider of property insights and platforms to U.S. and global insurance carriers. CoreLogic’s RiskMeter solution empowers underwriters, brokers, and agents with comprehensive natural hazard risk information at their fingertips. RiskMeter offers 70+ natural hazard risk and building-specific reports to help carriers with risk selection, underwriting precision, and profitability. RiskMeter’s trusted hazard data solutions are built using extensive data and AI/ML models developed by CoreLogic’s in-house team of industry experts, climate researchers, and data scientists.

“CoreLogic is pleased to support Duck Creek’s carrier customers as they strive to leverage hazard and risk solutions to power their digital transformation journey and deliver more efficient and compelling quoting and underwriting solutions,” said Mick Noland, EVP, Global Risk & Analytics Operations of CoreLogic Insurance Solutions. “We’re looking forward to discussing the benefits of this expanded alliance to carriers during Duck Creek’s upcoming Formation event.”

 

About CoreLogic

CoreLogic, a leading provider of property insights and solutions, promotes a healthy housing market and thriving communities. Through its enhanced property data solutions, services and technologies, CoreLogic enables real estate professionals, financial institutions, insurance carriers, government agencies and other housing market participants to help millions of people find, buy, and protect their homes. For more information, please visit www.corelogic.com.

 

About Duck Creek Technologies

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 standalone basis or as a full suite, and all are available via Duck Creek OnDemand. For more information, visit www.duckcreek.com.

FAQ

What is Duck Creek Technologies' collaboration with CoreLogic?

Duck Creek Technologies has expanded its collaboration with CoreLogic to enhance insurance underwriting using advanced risk analytics.

How does the partnership with CoreLogic benefit Duck Creek customers?

The partnership provides Duck Creek customers access to real-time risk analytics, improving underwriting decisions and efficiency.

What is the significance of the RiskMeter solution in this collaboration?

CoreLogic's RiskMeter solution offers natural hazard risk data that helps Duck Creek customers make informed underwriting decisions.

When was the announcement about DCT's collaboration with CoreLogic made?

The announcement was made on March 3, 2022.

What does Duck Creek Technologies aim to achieve with this partnership?

Duck Creek aims to enhance underwriting efficiency and provide better risk insights to its customers through this partnership.