In today’s competitive landscape, insurers are focusing on getting products to market faster, improving operational efficiencies and controlling costs.

In order to do this, insurers need to have an effective policy administration solution to streamline processes, define workflows, and provide flexibility in managing products to improve the overall efficiency of their agents, brokers and employees. The right solution will allow insurers to be able to react quickly to change and update products; handle policies for all lines of business; and bring their products to
the web.

The Solution
Duck Creek’s EXAMPLE Platform®, built with the business user in mind, allows insurers to effectively manage all of their personal lines policy administration needs, supporting product definition, rating, quoting and all policy transactions.

The EXAMPLE Platform:

• Allows for complete policy management for personal lines as well as all your other lines
• Streamlines quoting, issuance and processing activities
• Provides real time rating capability
• Provides flexible and secure Web access

Whether it is automobile, homeowners, watercraft, excess flood or collections, Duck Creek’s personal policy administration solution can get your products to market quicker.

With efficient policy processing, insurers can significantly reduce expenses, improve their combined ratio and give their agents and brokers a competitive advantage in the market.

Benefits of the Duck Creek Personal Lines Policy Administration Solution:

• Improved product delivery turnarounds
• Accurate, responsive workflows
• Tools that easily customize your personal lines product characteristics
• Customized automated processes that encourage customer self service
• A strategic solution that will support your company’s future needs

Features of the Duck Creek Personal Line Policy Administration Solution:

• Product development and design tools
• What-If scenario tool
• Best of Breed—Rating Engine
• Policy Issue
• Policyholder service and endorsements
• Out of sequence endorsements
• Automated renewal processing
• Integration and access ability with 3rd party claims and billing systems
• Integration with document imaging systems
• Data support for state filings
• Web-based Agent Self-Service Portal including quote and bind
• Quick Quote Feature

With the Duck Creek Personal Lines Policy Administration solution, you can provide your network of agents and insurers a better way of doing business over the Web. 

For more information on how your company can benefit from the EXAMPLE Platform, call Duck Creek at 800-889-8401 or send us an email.