Accenture Duck Creek Templates Updated to Help Insurers More Easily Develop Products with New ISO Cyber Liability Coverage Op...
April 23 2015 - 7:03AM
Business Wire
2015 marks ten year anniversary of Accenture
and ISO alliance that helps property and casualty insurers bring
new products to market
Accenture (NYSE:ACN) announced new cyber liability coverage
options from ISO, a Verisk Analytics company, are now available
through Accenture Duck Creek Templates. The newly integrated cyber
liability endorsements will allow insurers to more easily create
and sell cyber security coverage to customers.
Accenture Duck Creek and ISO have a decade-long alliance that is
committed to providing clients with up-to-date templates that
enable them to create and deliver products to market more quickly.
As cyber security continues to be a top priority for businesses,
new endorsements will be automatically provided to insurers using
the Accenture Duck Creek Template subscription service, enabling
them to stay current with ISO definitions.
Today, more than 35 insurers are processing ISO-related business
using Duck Creek Templates, which has expanded to support 11 lines
of business in all jurisdictions in the United States with hundreds
of programs and variations implemented through the extension and
override features of the Duck Creek software. Other benefits
include base ISO’s advisory loss costs, rules and forms with the
ability to override, extend and adjust base ISO content.
“Using the Accenture Duck Creek service, we continue to deliver
our customized offering to the marketplace. Being able to use
ISO-based content, along with our unique coverage extensions is key
to our commercial business,” stated Tracey Berg, CIO, West Bend
Mutual Insurance.
“As a result of our ten years of working with ISO, we have been
able to ensure that the newest rules and regulations are included
in Duck Creek Templates so that our clients can continue to reduce
costs, lower risks and maintain agility in product development,”
said Patti Griffin, global product lead, Accenture Duck Creek. “By
staying current on cyber liability endorsements and any other new
liability coverages, we can assist our clients in their efforts to
remain compliant and to more easily create new offerings.”
“We value our long-standing and successful relationship with
Accenture Duck Creek,” said Chris Perini, chief marketing officer,
Verisk Analytics. “Our Verisk Strategic Alliance program provides
an efficient way for our mutual clients to receive and implement
ISO’s industry-leading data and analytics services.”
Accenture Duck Creek Templates provide an out-of-the-box set of
content for ISO, NCCI and bureau products as well as an on-going
subscription service for circular maintenance. It is part of the
Accenture Duck Creek Suite, which includes policy, rating, billing
and claims software components that can be implemented
independently or combined for an integrated approach to manage all
aspects of the property and casualty insurance lifecycle.
About Accenture
Accenture is a global management consulting, technology services
and outsourcing company, with approximately 323,000 people serving
clients in more than 120 countries. Combining unparalleled
experience, comprehensive capabilities across all industries and
business functions, and extensive research on the world’s most
successful companies, Accenture collaborates with clients to help
them become high-performance businesses and governments. The
company generated net revenues of US$30.0 billion for the fiscal
year ended Aug. 31, 2014. Its home page is www.accenture.com.
Accenture Duck Creek is a software suite offering comprehensive,
full-featured property & casualty insurance software and SaaS
solutions. Its configurable solutions are designed to work as a
full end-to-end suite or as individual standalone components that
adapt quickly and seamlessly to handle the unique needs of insurers
of all sizes. Duck Creek software enables carriers to make better
decisions in a real-time environment, streamline operations and
improve their level of customer service. For more information,
visit www.accenture.com/duckcreek.
AccentureJulie Bennink, + 1
312-693-7301julie.l.bennink@accenture.comorMelissa Volin, + 1
267-216-1815melissa.volin@accenture.com
Accenture (NYSE:ACN)
Historical Stock Chart
From Mar 2024 to Apr 2024
Accenture (NYSE:ACN)
Historical Stock Chart
From Apr 2023 to Apr 2024