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Duck Creek Technologies is a leader in providing intelligent solutions for the property and casualty (P&C) and general insurance industry. As a pioneering company in the insurance technology landscape, Duck Creek offers a range of software-as-a-service (SaaS) solutions designed to help insurers streamline their operations, enhance customer experiences, and drive innovation.
Duck Creek's core business revolves around modern, cloud-based platforms that enable insurance carriers to deploy and manage their products and services efficiently. Their offerings include policy administration, billing, claims, data insights, digital enablement, and distribution management solutions. Leveraging its deep domain expertise, Duck Creek ensures that insurance companies can meet the evolving needs of their customers with agility and precision.
One of the recent notable achievements of Duck Creek Technologies is its strategic global technology partnership with Hagerty, an automotive lifestyle brand and specialty insurance provider. This partnership aims to redefine the customer experience for classic car enthusiasts by offering customized, humanized digital interactions. Another significant milestone is Duck Creek's expansion into the Indian general insurance market through a partnership with HDFC ERGO, enabling the insurer to adopt advanced AI/ML models for improved customer experience.
In addition to forging strong partnerships, Duck Creek continues to innovate and enhance its product suite. The company has collaborated with Country-Wide Insurance Company to migrate to a cloud-based system, thus modernizing its operations and improving customer satisfaction. Duck Creek's dedication to offering flexible, scalable solutions has also attracted Southern Trust Insurance, which seeks to expand its commercial auto insurance offerings using Duck Creek OnDemand.
Duck Creek Technologies emphasizes authenticity, purpose, and transparency. They believe in creating insurance solutions that are accessible when, where, and how individuals and businesses need them most. This commitment is reflected in their wide range of market-leading solutions, available individually or as a comprehensive suite through Duck Creek OnDemand.
With a strong focus on international growth, SaaS maturity, and customer-centric strategies, Duck Creek Technologies is well-positioned to continue leading the transformation of the insurance industry. For the latest updates and detailed information, visit their website at www.duckcreek.com and follow their social media channels on LinkedIn and Twitter.
Duck Creek Technologies has successfully completed its acquisition by Vista Equity Partners for $19.00 per share, totaling approximately $2.6 billion in cash. The partnership aims to enhance Duck Creek's position in the property and casualty insurance technology space, leveraging Vista's expertise and resources to support the industry's transition to cloud-based solutions. Following the acquisition, Duck Creek's shares will no longer trade on the Nasdaq. This strategic move is anticipated to foster innovative solutions for major carriers worldwide, ensuring a best-in-class customer experience.
Duck Creek Technologies announces Mick Ebeling as the keynote speaker for its Formation '23 user conference, scheduled for May 8-10, 2023, in Orlando, FL. Ebeling, founder of the award-winning social lab Not Impossible, will share insights on leveraging technology to transform lives. This annual event aims to foster collaboration within the property and casualty insurance sector, emphasizing the theme 'building together' to enhance customer experiences. Attendees will benefit from various sessions led by industry leaders, aimed at driving innovation in the insurance ecosystem.
Hexaware, a global IT services provider, is a silver sponsor at Duck Creek's annual Formation event in Orlando, set for May 8-10, 2023. The company recently won the Innovation Award for OnDemand Enablement Tooling from Duck Creek Technologies, recognizing its work in Custom Business Object Remediation and Claims Remediation. The event will feature over 30 sessions from industry leaders focusing on advancements in property and casualty insurance, along with networking opportunities. Milan Bhatt, EVP at Hexaware, emphasizes the company's commitment to aiding insurers in their digital transformation journey using Duck Creek's SaaS-based solutions.
Duck Creek Technologies (NASDAQ: DCT) was named Quadient's 2022 Americas Partner of the Year at the Inspire Days conference in Orlando. This recognition highlights the strategic partnership aimed at enhancing customer communication for insurance carriers. The integration of Duck Creek's solutions with Quadient's SaaS offerings enables insurers to deliver interactive, personalized communications across preferred channels, improving overall customer experience. Eugene Van Biert, COO of Duck Creek, emphasized the company’s commitment to customer-first technology, while Chris Hartigan from Quadient noted the partnership’s role in transforming insurer interactions with policyholders.
Duck Creek Technologies (NASDAQ: DCT) has partnered with GAINSCO Auto Insurance, a leading provider in the non-standard auto insurance market. This collaboration aims to enhance operational efficiency and expand GAINSCO's service area from 19 to over 40 states. By leveraging Duck Creek’s SaaS solutions, GAINSCO seeks to modernize its technology stack and improve speed to market. Duck Creek's cloud-enabled software allows insurers to adapt to the complexities of minimum-limits personal auto insurance. Both companies express confidence that this partnership will bolster GAINSCO's goal of becoming a national leader in non-standard auto insurance.
Duck Creek Technologies (NASDAQ: DCT) is sponsoring Quadient's Inspire Days user conference in Orlando from February 22-24, 2023. This event will focus on enhancing relationships and discussing innovative business strategies within the property and casualty (P&C) insurance sector.
Duck Creek's partnership with Quadient aims to streamline communications for insurance carriers, facilitating market opportunities through improved customer engagement. Executives from both companies have expressed excitement about showcasing their collaboration and its benefits for digital transformation in the insurance industry.
CIS Insurance Services announced a partnership with Duck Creek Technologies on February 9, 2023, enhancing performance testing and stabilization for Duck Creek's SaaS and on-premises customers. This collaboration will leverage CIS's expertise in performance management to streamline implementation timelines and optimize post-go-live success. Key products include the CIS Performance Testing Platform and Trace Tools. The partnership aims to provide valuable tools for insurance carriers and system integrators, facilitating the effective use of Duck Creek implementations.
Duck Creek Technologies (NASDAQ: DCT) announced that the 30-day 'go-shop' period for its merger with Vista Equity Partners has expired without any alternative proposals. Under the agreement, Vista will acquire Duck Creek for $19.00 per share, totaling approximately $2.6 billion. The merger is anticipated to close in the first half of 2023 and is subject to stockholder approval and U.S. antitrust clearance. Following the completion, Duck Creek will become a privately held company and its stock will no longer be publicly traded.
Duck Creek Technologies (NASDAQ: DCT) announced its platinum sponsorship of the Verisk ELEVATE 2023 conference, taking place from February 7-8 in Salt Lake City, Utah. The event will focus on the digitization of the property and casualty (P&C) insurance sector. Duck Creek will showcase its multi-tenant claims solutions, particularly integrating with Verisk's Property Estimating Solutions. This partnership, which spans 20 years, aims to enhance claims handling efficiency and improve customer satisfaction. The conference will host discussions with industry leaders on streamlining workflows and enhancing customer experiences in the insurance industry.
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