Berkshire Homestate Goes Live With Phase II of Duck Creek Technologies’ Policy Administration Solution and Adds Billing Solution
BOLIVAR, Mo., Aug. 27 /PRNewswire/ -- Duck Creek Technologies, Inc., a leading provider of software and service solutions for the insurance industry, today announced that Berkshire Hathaway Homestate Companies ("BHHC") has launched the second phase of its implementation of the Duck Creek Policy Administration(TM) solution. Phase I allowed BHHC to issue policies directly through the Duck Creek's system for workers' compensation business for over 30 states. Phase II, which is currently underway, will allow BHHC to issue an array of commercial insurance line products including automobile, property, and general liability. As of today, the company has successfully rolled out their new commercial auto product in Texas, with several other states following. In addition, BHHC has acquired the Duck Creek Billing(TM) solution to add to its technology replacement project, with plans to implement this solution across all commercial lines of business.
This replacement legacy policy administration project is modernizing BHHC's technology base so they can leverage their market strategy--bringing new products to market faster with a configurable flexible system and streamlining their policy management process.
BHHC's CEO, Rod Eldred, commented, "Duck Creek was selected as our partner because we wanted an integrated policy administration solution that was capable of combining a traditional ISO rating approach for some lines of business, with non-traditional proprietary rating algorithms for others. In addition, the ability to develop our own workflow processes and maintain the system ourselves is a huge advantage. The increased operational effectiveness of Duck Creek's web enablement will provide our agents with the ability to quickly quote, bind and issue. We are pleased with the progress of our modernization project and with the addition of Duck Creek Billing, now our solutions will share one platform--systems will be consolidated. The billing front-end is impressive and the integration ease with the policy administration system will help streamline our processes."
"BHHC is a valued partner and we are pleased that our policy administration system has enabled them the benefits of a modernized technology platform," said Steve Hall, CEO at Duck Creek. "We are delighted to deliver an integrated policy administration and billing solution for BHHC to help their agents and employees enhance customer service, improve margins and positively impact profitability. This is a significant commitment that reaffirms our focus and unique expertise in the Property and Casualty insurance sector. We look forward to working closely with BHHC to ensure a speedy deployment and achievement of their current and future business goals."
About Berkshire Hathaway Homestate Companies
The Berkshire Hathaway Homestate Companies (BHHC) is a group of six regional insurance carriers that are part of the Berkshire Hathaway Insurance Group. Headquartered in Omaha, Nebraska, the Homestate Companies has evolved from a mid-western regional carrier to a multi-state insurance group writing a diverse book of policies from coast to coast. The members of the group include Brookwood Insurance Company, Cornhusker Casualty Insurance Company, Continental Divide Insurance Company, Cypress Insurance Company, Oak River Insurance Company and Redwood Fire and Casualty Insurance Company. BHHC offers a wide portfolio of products for main street businesses as well as more difficult to place specialty risks.
About Duck Creek Technologies(R)
Duck Creek Technologies, Inc. is a leading provider of software and services to the insurance industry, providing next-generation policy administration, billing, product definition & configuration, and rating for the Property & Casualty and Healthcare insurance markets. Duck Creek is dedicated to enabling customers to develop insurance products and to sell and service those products in their chosen markets with unprecedented speed to market, flexibility, reach and quality. Founded in 2000, Duck Creek is headquartered in Bolivar, Missouri, and has multiple offices within the United States, with its affiliate and licensing partner in Europe, the Middle East and Africa, Duck Creek Technologies Europe Ltd., headquartered in London. For more information, visit www.duckcreektech.com or call 866-382-5832.
SOURCE Duck Creek Technologies, Inc.
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