Duck Creek Technologies

Duck Creek Technologies

Press Release

The Patrons Group selects Duck Creek Technologies’ EXAMPLE Platform®

Duck Creek’s toolset approach provides The Patrons Group with the best of both worlds …the ideal combination of build and buy

Bolivar, MO, October 12, 2004 – Duck Creek Technologies, Inc., a provider of rating and policy administration software for the insurance industry, today announced that The Patrons Group has selected Duck Creek's EXAMPLE Platform®, including: EXAMPLE Author® and EXAMPLE Server®. The first line of business planned for automation is the BOP with additional commercial and personal lines products to follow.

Duck Creek offers The Patrons Group an opportunity to speed up the introduction of agency submission of new business via the Internet. It also allows non-IT staff to maintain product rates and rules.

Krista Swanson, Vice President, IT, with The Patrons Group, commented, "Duck Creek's component based approach affords us the unique combination of 'build and buy' to take advantage of the respective strengths of our two organizations. Patrons' IT staff is currently building a custom Web front-end for our existing policy management system. It will interface with the Duck Creek Platform for BOP rating and rules. And, we plan to build and maintain all of our own future insurance products utilizing Duck Creek's Author tool. These new capabilities give both our company and our agents a big leap forward."

Doug Roller, Duck Creek's CEO, commented, "We sincerely appreciate The Patrons Group selection of Duck Creek and our EXAMPLE Platform solution. The opportunity for their staff to be self-sufficient while still having access to our support team, aligned perfectly with The Patrons Group's objectives. We have found this marriage of build and buy along with the opportunity for self-sufficiency to be attractive options for many of our clients."

About The Patrons Group

A Connecticut based mutual company, The Patrons Group consists of four companies:

  • Patrons Mutual Insurance Company of Connecticut
  • Litchfield Mutual Fire Insurance Company
  • Patrons Fire Insurance Company of Rhode Island
  • Provision State Insurance Company

Each company does business strictly through independent agencies and each specializes in various areas of personal, farm and commercial coverages. When packaged together they can offer a comprehensive insurance program.

Patrons writes over $42,000,000 in annual premiums, has assets in excess of $58,000,000 and policyholders' surplus of over $18,800,000. We are rated "A-" Excellent by A.M. Best. Patrons operates in the following four New England states: Connecticut, Massachusetts, Rhode Island and Vermont.

For more information, please visit www.patronsgroup.com.

About Duck Creek Technologies

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 has offices in Bolivar, Missouri, and Farmington, Connecticut. Duck Creek Technologies is a Microsoft Gold Certified Partner.

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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