Specialty Insurer Picks Up Accenture's Duck Creek Software
Policy administration software to become a major component of Crum & Forster's rating and policy processing systems.
Virtual Water Cooler, November 9, 2012
Crum & Forster, a provider of specialty and standard insurance offerings, has chosen to deploy Duck Creek Policy Administration software from Accenture. Crum & Forster will use the software as a major component of its rating and policy processing system for commercial lines, specialty lines and workers’ compensation. The system is designed to enable Crum & Forster to launch and maintain products, and increase operational efficiencies by streamlining policy administration processes.
Accenture says Crum & Forster also will use Accenture Duck Creek Templates, a pre-configured insurance product deployment solution for Insurance Services Office-based (ISO) commercial lines and National Council on Compensation Insurance (NCCI) based workers’ compensation products. Going forward, the templates will enable the rapid implementation and maintenance of these lines of business.
The policy and claims software offers carriers an integrated suite of software with modules that can be implemented individually or as part of a broader migration strategy, says Accenture. The combined software enables insurers of all sizes to benefit from a flexible suite of P&C software to configure products, transact lines of business and process claims.
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