Duck Creek Technologies has teamed up with Sollers Consulting, aiming to modernise reinsurance operations for insurers worldwide.
The collaboration will assist insurance companies in implementing a “modern, data-driven” system for reinsurance management.
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It will leverage Sollers international expertise in core systems integration to maximise the benefits of Duck Creek Reinsurance, a platform designed to centralise, streamline and automate reinsurance processes.
The cloud-based Duck Creek Reinsurance solution is said to be adept at gathering and evaluating data from different internal sources.
The aim is to enhance the digitalisation and automation of reinsurance for improved decision-making.
Sollers, with its customer base of more than 100 financial institutions across 20 markets, is supporting the implementation of Duck Creek Reinsurance.
The reinsurance systems for cedants are designed to draw data from multiple sources including actuarial and reserving, business intelligence reporting, claims management, credit control, document management, exposure management and policy administration.
Sollers Consulting London market lead Krzysztof Biernat said: “We are very pleased to be working with Duck Creek to help insurance companies respond. Duck Creek Reinsurance offers a powerful solution. Our experience with complex system integrations in the insurance industry makes us confident that reinsurance management will take a significant step towards digitalisation.”
Duck Creek Technologies EMEA managing director Elodie Hilderal said: “This partnership marks a significant step forward in the digitalisation and automation of the reinsurance industry, and we are excited about the positive impact it will have on our clients.
“The combination of our advanced, cloud-based reinsurance solution and Sollers’ extensive experience with system integration will provide insurers with the tools they need to make informed decisions and streamline their reinsurance management processes.”
Earlier this month, Duck Creek launched the Payments Marketplace ecosystem, which integrates with payment providers and offers carriers comprehensive payment management solutions.
