




Markel American Insurance Company Goes Live with Duck Creek’s EXAMPLE Platform®Niche market insurer looks to Duck Creek for flexible policy management systemBolivar, MO, May 22, 2007 —Duck Creek Technologies, Inc., a provider of policy management solutions for the insurance industry, today announced that Markel American Insurance Company (MAIC), a Wisconsin-based niche-market insurer, has gone live with its new Markel Boat Program, built on Duck Creek’s EXAMPLE Platform®. The new system was implemented in 12 months, and will enable MAIC’s agents to rapidly quote, bind and issue small boat insurance via the web. The insurer plans to move additional lines of business to the new policy management system over the next several months. In addition, the EXAMPLE Platform® was integrated with MAIC’s billing system for a streamlined process. With two custom-built systems already in place, MAIC found their legacy environment costly to maintain and not conducive to easy development or deployment of new products. The modern technology of the EXAMPLE Platform®, with its tools-based approach, provided the insurer with the power and flexibility required - without compromising the self-sufficiency desired by MAIC – to develop and maintain its own products and environment. “As a niche market insurer, we understand the role technology plays in helping us manage and grow our business,” said Timberlee Tamraz Grove , President of MAIC. “In order for us to continue to introduce innovative new products in a short timeframe and at a reasonable cost; we knew it was time to put a strategy in place to migrate to a modern system.” “We reviewed the market and found Duck Creek to have the highest value solution in terms of cost, functionality, and maintenance,” Ms. Grove continued. “Their ability to meet our targeted launch date reinforced their commitment to deliver as promised.” “We are delighted to have worked with the MAIC team on a successful implementation,” said Wendy Corman, Senior Vice President of Business Development at Duck Creek. “They have a broad and visionary view when it comes to technology and product innovation – a combination that has and will continue to serve them well.” About Markel American Insurance CompanyA subsidiary of the Markel Corporation, Markel American Insurance Company specializes in the lines of Powersport Products, Specialty Marine, Preferred Yacht and Small Boat, Specialty Property, and Wedding/Private Event Insurance. For more information on our products, please visit www.markelamerican.com. The Richmond, VA-based Markel Corporation markets and underwrites specialty insurance products and programs to a variety of niche markets. In each of these markets, the company strives to provide quality products and excellent customer service. For more information, please visit www.markelcorp.com. About Duck Creek TechnologiesDuck Creek Technologies is a software and services company that is changing the rules of the insurance business by accelerating the ability to achieve the industry vision of “Product in a Day.” The EXAMPLE Platform® enables insurance carriers to rapidly define, develop, deploy, and manage their insurance products and services – for any line of business. Duck Creek’s customers use the Platform’s flexible Service-Oriented Architecture for product definition, rating and underwriting, submission processing, policy management, and legacy migration. Duck Creek is one of America’s fastest growing private companies, appearing on the Inc. Magazine “Inc. 500” list for the past two consecutive years. Founded in 2000, the company is headquartered in Bolivar, Missouri, and has offices in Farmington, Connecticut, and Columbia, South Carolina. For more information, visit http://www.duckcreektech.com or call 800-889-8401. 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 -####- |
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