The company's newest product introduction will transform the future of data-driven excellence for the insurance industry
BOSTON, Dec. 05, 2023, the company also modernizes the traditional technology upgrade cycle through a unique "Active Delivery" approach, which provides continuous updates and eliminates the need for insurers to undergo timely and costly upgrade projects.
Duck Creek Clarity is a cloud-native offering that simplifies the process of accessing, managing, and unifying data originating from Duck Creek's SaaS-based, billing, and claimssolutions. With the ability to seamlessly integrate external data sources, Duck Creek Clarity enables teams to gain comprehensive insights, leading to enhanced decision-making and improved loss ratios. Insurers can harness this powerful service for both daily operational reporting and strategic long-term planning, setting the stage for portfolio-wide improvements.
Duck Creek Clarity leverages the Snowflake Data Cloudto equip insurers with curated data layers and a suite of pre-built business intelligence dashboards and reports, facilitating more informed underwriting and renewal decisions, as well as team performance evaluation. This new offering also simplifies data integration into AI/ML (artificial intelligence/machine learning) models, consumer and agent/broker applications, and third-party systems, empowering insurers to make well-informed decisions at every stage of the insurance lifecycle, from underwriting to billing and claims.
"We are ushering in a new era of data-driven excellence with the launch of Duck Creek Clarity," said Jess Keeney, Chief Product & Technology Officer, Duck Creek Technologies. "Duck Creek has proven the solution's robust capabilities are an essential element that supports data ownership and agile decision-making, which offers insurers a greater competitive edge in the marketplace. This is only the beginning of Duck Creek's commitment to ongoing investment in data and analytics that enable insurers across the globe to be smarter and faster in their response to market opportunities. Duck Creek Clarity is a pivotal step in our technology roadmap vision to provide insurers with the means to 'execute with intelligence,' optimize operational efficiencies, and provide more personalized customer experiences."
"Data is a critical building block for insurance companies looking to unlock the true power and efficacy of advanced analytics and generative AI," said Tom Benton, Partner at ReSource Pro (formerly known as Strategy Meets Action). "Insurers need data management and analytics tools like Duck Creek Clarity that can break down data silos and provide a path toward rapidly accelerating their level of data maturity, and ultimately help insurance product management, underwriting, and claims teams make smarter decisions and deliver more differentiated customer experiences."
Join the Duck Creek Technologies live product launch webinaron Thursday, December 7, 2023, at 12:00 p.m. ET to learn more about empowering data-driven insurance decisions with Duck Creek Clarity.
About Duck Creek Technologies
Duck Creek Technologies is the intelligent solutions provider defining the future of the property and casualty, and all are available via Duck Creek OnDemand. Visit www.duckcreek.comto learn more. Follow Duck Creek on our social channels for the latest information - LinkedInand Twitter.
Media Contacts:
Carley Bunch
carley.bunch@duckcreek.com
