Press Release

Innovative Risk Management selects Duck Creek Technologies, solidifying Duck Creek presence in the Specialty Program Administration Market

Duck Creek's EXAMPLE Platform® Product Suite enables quick development and deployment of Innovative Risk Management’s new programs and products

Bolivar, MO, January 6th, 2004 -- Duck Creek Technologies, Inc., a provider of product management software and services to the insurance industry, today announced that Irving, Texas-based program administrator, Innovative Risk Management, Inc. (IRM) has selected Duck Creek's EXAMPLE Platform. IRM will implement the entire Duck Creek product suite including: EXAMPLE Express®, EXAMPLE Author®, EXAMPLE Server®, ManuScript Templates™, and EXAMPLE TransACT®.

As an insurance industry services provider, IRM required a technology that enabled them to quickly develop, deploy, and maintain new carrier programs and products for both ISO- and NCCI-based Commercial Lines, as well as for specialty products. Additionally, IRM needed support for Web-enabled submissions and policy processing and improved capabilities for capturing data for analytical and reporting needs.

Jami Galvan, IT Manager with Innovative Risk Management, noted "During our evaluation process, we did our due diligence by looking at a variety of vendor solutions. Duck Creek really stood out due to their technology, breadth of capability, and the flexibility built into their product. With the EXAMPLE Platform solution we are able to provide more product and service options and can tailor them specifically for each of our carriers. And, needless to say, the Web capabilities are a must have in today’s e-business insurance world.”

Stuart Stagner, President of IRM, indicated “The Duck Creek system will allow us to provide Web-enabled policy administration services for our clients and make us more efficient by allowing us to consolidate all of the carrier based systems onto one automation platform.”

Wendy Corman, Duck Creek's Vice President of Business Development added, "We are very pleased to have been selected by a large insurance industry services provider like Innovative Risk Management. The IRM decision validates Duck Creek’s place as a viable solution provider to the specialty insurance program administration market, and we anticipate building a significant presence in this segment of the insurance industry.”

About Innovative Risk Management, Inc.

Headquartered in Irving, Texas, Innovative Risk Management, Inc. (IRM) is an insurance industry services provider offering complete insurance program management with services including: underwriting, policy issuance, claims administration and loss prevention services. IRM provides services for captive programs, risk retention groups, self-insured clients, insurance companies and public entities. For more information, visit http://www.innovative-risk.com or call 972.518.1577.

About Duck Creek

Duck Creek Technologies enables insurance carriers and other participants in the insurance distribution process to define and develop rating, underwriting, and policy processing services for any line of business and to deploy those services to the Web and to all other points on the product value chain. Duck Creek's EXAMPLE Platform supports all aspects of product definition, including data capture, rating, rules, interview screens, documentation, workflow, and transactions. Duck Creek's customers use the Platform for a wide variety of purposes, including full policy processing, submission processing, and black-box rating for both batch and interactive environments. The company was founded in January 2000, and is based in Bolivar, Missouri, with a branch office in Farmington, Connecticut.

For more information, visit http://www.duckcreektech.com or call 866-DUCK-TEC.

Contact:
Melinda Burnett
burnetme@duckcreektech.com
417-328-5339

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