Cognizant has announced that, under strategic partnership as system integrator with FCCI Insurance Group (FCCI), it has supported the creation of FCCI’s new Excess & Surplus (E&S) lines of business.
This collaboration will use Cognizant’s expertise in the insurance sector and Duck Creek Policy with Active Delivery. The goal is to modernise FCCI’s operations and drive expansion into E&S.
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In addition, FCCI’s transition to Duck Creek’s platform will allow for active delivery and help the company drive operational efficiencies, automate manual processes, and enhance the speed to market for new products.
Furthermore, FCCI and Cognizant have implemented a state-of-the-art policy administration system that enhances FCCI’s existing admitted commercial property and casualty offerings with E&S capability. The E&S segment offers General Liability, Excess Liability, Inland Marine, Crime, and Property and Package. The first two lines went live in October, and the remaining lines will go live in early 2025.
“These new E&S lines of business are a significant milestone in FCCI’s modernization journey, signaling a major expansion of our footprint in the industry. Furthermore, it marks a pivotal evolution in our business strategy,” said Dave Patel, Executive Vice President – Chief Information Officer (CIO) of FCCI. “By entering the E&S market, we’re positioning FCCI to be the commercial carrier of choice with ‘one-stop’ shopping for our agency partners. Cognizant’s deep industry knowledge and track record in managing complex insurance programmes made them the ideal partner to lead this critical transformation.”
“We proudly support FCCI’s journey to update and expand its operations. The successful implementation of our Policy with Active Delivery platform marks an important milestone for FCCI entering the Excess & Surplus market. This collaboration underscores our commitment to providing innovative solutions that enable our clients to adapt quickly and deliver exceptional service to their agents and policyholders,” continued Chris McCloskey, chief operating officer of Duck Creek Technologies.
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By GlobalData“We are excited to collaborate with FCCI to expand their business into the E&S market and beyond,” added Ajay Pandita, Senior Vice President and Financial Services, Fintech & Insurance Business Unit Leader of Cognizant. “This partnership builds on our ongoing efforts to modernise FCCI’s applications and migrate policies to the Duck Creek platform. Our combined expertise and cutting-edge digital solutions are expected to enable FCCI to deliver superior customer experiences and achieve sustained growth.”
