Duck Creek’s “best of breed” underwriting and billing solution has been selected by Legal & General’s general insurance business to revolutionise their product and pricing capability. Legal & General will use the Duck Creek solution to improve efficiency through more sophisticated pricing and to respond more quickly to business demands to offer a broader product range, across its various distribution channels.
A key factor in making the decision to use Duck Creek is the ability the solution offers to create a centralised general insurance platform. This will enable all Legal & General’s business partners and customers to access details of the general insurance cover arranged with them via a web browser. Developing the new platform is a significant step in enabling Legal & General to deliver its future business strategy.
Geoff Howard, Strategy Director for Legal & General’s general insurance business, said: “The advancement of our technological capability is fundamental to achieve our aim of continued long term profitable growth. The delivery of the system is a huge undertaking but with an experienced project team of business experts from Duck Creek and Legal & General working together, we expect to deliver the first web based new product using the solution in Q2 2011.”
Tony O’Halloran, Managing Director of Duck Creek EMEA, said: “As one of the major insurers in the UK marketplace we are delighted to have the opportunity to work with Legal & General providing them with our complete underwriting and billing solution. Legal & General play a key role in support of Duck Creek’s growing presence as a preferred partner in the global insurance market.”
Source : Duck Creek Tech Press Release
