News & Media American Safety Insurance Selects Duck Creek Technologies Solution
American Safety Insurance Selects Duck Creek Technologies SolutionSpeed and ease of rate changes and flexible product configuration were pivotal factors in selection of Duck Creek Bolivar, MO, August 21, 2009 - Duck Creek Technologies, Inc., a leading provider of software and services for the insurance industry, today announced its Duck Creek Rating™ solution has been chosen for American Safety Insurance Holdings, Ltd.’s U.S. insurance operations (ASI). The selection of Duck Creek Rating is a fundamental step in ASI’s initiative to modernize its IT infrastructure by adding a unified underwriting and rating platform that their brokers can access. ASI wanted a faster process to bring new products and new lines of business to market—speed to market was their primary focus. Utilizing its flexible rules-engine capability, the Duck Creek solution will allow ASI to maintain focus on underwriting discipline and streamline processes to improve operational efficiency. The solution allows for more granular risk segmentation and greater pricing precision that will enable ASI to leverage and extend their product portfolio. The implementation will begin with ASI’s Environmental Liability line and then continue for all existing lines. Julia Davis, ASI’s Chief Information Officer, commented, “After an extensive selection process, Duck Creek was selected because it was the quickest and easiest way to be able to update rates and factors. One of our main objectives was to make sure that we had a solution that would give us the most flexibility and the least amount of customization to get operational, but with the option for future configuration.” “ASI’s evaluation and selection of Duck Creek reemphasizes the high value of the overall product offerings we bring to our customers," said Steve Hall, CEO of Duck Creek Technologies. “Our solutions allow companies to stay competitive in the current Property and Casualty insurance market, while significantly improving their operational efficiencies. We are pleased to welcome ASI as a new partner and we are looking forward to our continued work with the ASI team throughout their implementation.” About American Safety Insurance American Safety Insurance Holdings, Ltd. (NYSE:ASI) is a Bermuda-based holding company offering innovative insurance solutions for underserved specialty risks through its U.S.-based program administrator, American Safety Insurance Services, Inc., and its U.S. insurance and Bermuda reinsurance companies. As a group, ASI’s insurance subsidiaries and affiliates are rated “A” (Excellent) VIII by A. M. Best. For additional information, please visit www.amsafety.com. About Duck Creek Technologies® Duck Creek Technologies, Inc. is a leading provider of software and services to the insurance industry, providing next-generation policy administration, product configuration and definition, billing, 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, Contact: Duck Creek Technologies, Inc. This e-mail address is being protected from spambots. You need JavaScript enabled to view it 1-866-382-5832 |
