SaaS claims data mining platform helps Duck Creek customers manage growing litigation costs and identify defense best practices
Boston, July 30, 2019announced today that it has expanded its offerings through a new relationship with Milliman, Inc. For insurers seeking deeper understanding of their litigation bills and effective cost-benefit analyses of their defense strategies, Milliman's Datalytics-Defenseplatform provides enhanced granular data and the necessary tools for those critical insights. The platform incorporates powerful data-mining algorithms, along with a robust data warehouse environment, to provide carriers with the tools necessary to better manage their defense costs and develop a best-practice approach towards claims management."To effectively mitigate and manage risk, today's insurers need specialized analytics systems that employ techniques like machine learning and data mining," said Chad Karls, product leader of Milliman's Datalytics-Defense. "Teaming up with Duck Creek and leveraging the Duck Creek Anywhere APIis a natural fit for us, and we are excited to help even more insurers efficiently process vendor invoices, conduct audits, monitor workflows, and review key claims management reports in real time."
Datalytics-Defense extends the capabilities of Duck Creek Claimsby enabling carriers to use analytics and algorithms to detect patterns in attorney billing practices, thus allowing a better understanding of litigation costs and strategies. Duck Creek and Milliman have jointly developed an Anywhere Enabled Integration, now available on the Duck Creek Content Exchange, for insurers looking to expedite implementation through Duck Creek's Anywhere APIprogram.
"The rising costs of claims litigation defense is an important issue for our industry, to which Milliman is applying unrivaled expertise and cutting-edge analytics technologies," said Eddie Jones, Vice President of Strategies and Alliances at Duck Creek Technologies. "Datalytics-Defense gives carriers the critical information they need to create smarter strategies and implement best practices, and Duck Creek is thrilled to welcome them into our rapidly-growing ecosystem."
About Milliman:
Milliman is among the world's largest providers of actuarial and related products and services. The firm has consulting practices in healthcare, property & casualty insurance, life insurance and financial services, and employee benefits. Founded in 1947, Milliman is an independent firm with offices in major cities around the globe. For further information, visit milliman.com.
About Duck Creek Technologies:
Duck Creek Technologies paves a genuine path to the future for P&C insurance companies. Decades of insurance experience underpin advanced technologies specifically designed to accommodate change - allowing carriers to navigate uncertainty and capture market opportunities faster than their competitors. Duck Creek solutions are available standalone or as a full suite. All are available via Duck Creek OnDemand, the provider's SaaS solution for the P&C insurance industry. For more information, visit duckcreek.com.
Media Contact:
Paul Rechichi
Racepoint Global
617-624-3295
prechichi@racepointglobal.com
