KUALA LUMPUR, Aug 22 (Bernama) -- Duck Creek Technologies has announced its partnership with Risk Control Technologies (RCT), a frontrunner in risk data management software for underwriting and loss control teams.
In a statement, Duck Creek said it will be a silver sponsor of RCT’s Loss Control Summit conference for loss control professionals from Aug 21-23, to kick off their partnership in Toronto, Canada.
“RCT’s data-driven risk management solution is paramount, especially for insurers engaged in underwriting property, casualty and workers comp lines of business.
“We look forward to continuing to cultivate our partnership and engaging with RCT’s customers at the upcoming Loss Control Summit in Toronto,” said Duck Creek Technologies Senior Partner Manager, Robert Fletcher.
Meanwhile, RCT Chief Executive Officer, David Da Costa said: “We are excited to work with Duck Creek, one of the most transformative leaders in the insurance solutions market today.
“In addition to efficiencies gained by integrating, combining loss control data with data already in Duck Creek, such as claim data, creates significant value from being able to better predict claims or optimise pricing within your book,” he added.
At the heart of Duck Creek's core solutions is Duck Creek Policy, a cutting-edge platform that offers low-code tools via a Software as a Service (SaaS) model, in which it facilitates the entire lifecycle of insurance operations and seamlessly integrates with esteemed industry collaborators.
RCT enables carriers to optimise and significantly increase their risk data coverage across their entire book of business. In addition to mitigating more claims, it positively impacts their renewal rates while also creating efficiencies for underwriters within Duck Creek.
All of this helps carriers improve their loss ratios, strengthen their customer engagements, and drive impactful operational efficiencies.
-- BERNAMA
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