(Image credit: Hans Dehing/Unsplash.)
Argyle Insurance, a Sydney-based startup insurer has gone live with Duck Creek (Boston) following an implementation effort concluded in fewer than 60 working days. Argyle worked with Duck Creek SI partner Coforge (Noida, India).
Through Duck Creek’s modern core system, including software-as-a-service (SaaS) solutions for policy, billing, and data insights, Argyle Insurance will deploy a hybrid operating model into the Australian general insurance market, according to a Duck Creek statement. The insurer’s new platform will give brokers access to a wider range of insurers and their products, allowing them to offer their SME clients more choice and competition, improving client outcomes, the vendor statement says. Duck Creek reports that the sub-60-day execution was achieved through the use of an innovative Australian SME template built by the Duck Creek APAC regional product development team.
“Partnering with leading organisations in the insurance sector is a key to Argyle’s value proposition,” Anthony Day, Managing Director and Co-Founder, Argyle. “Duck Creek was able to embrace the vision to redefine, through the use of technology, how intermediaries and customers do SME insurance,” said “Duck Creek worked hand-in-hand with our team to deliver our underwriting system in record time”
“Argyle’s unique model connects all stakeholders in the ecosystem through an AI-augmented platform,” explains said Matthew Morgan Chief Commercial Officer and Co-Founder, Argyle. “More than five thousand dynamic questions, rules and pricing combinations were set up during the implementation to deliver effective value to the entire insurance community. Working with the Duck Creek platform, we were able to achieve our desired objective to advance the Australian general insurance market and remain continuously relevant and engaged with customers.”
“Duck Creek and Argyle’s unique relationship, which enabled the 60-day delivery, comes down to our alignment of purpose and vision that the future of insurance is agile, intelligent and evergreen,” says Shaji Sethu, Managing Director, Asia Pacific, Duck Creek Technologies. “We are both focused on driving better, easier-to-understand insurance products, which are tailored to policyholders’ needs and are adaptable to their changing priorities.”
Unwavering Level of Commitment
Duck Creek describes an implementation effort characterized by “an unwavering level of commitment and flexibility” that made a rapid launch successful. The vendor says the implementation project was slated to span more than 60 days, but owing to the quality of collaboration between Duck Creek and Argyle, supported by deep domain and technical expertise of Coforge, the teams were able to beat their target date.
“Coforge is equally proud to be a part of Argyle’s record-setting go-live journey powered by Duck Creek OnDemand,” comments Deepak Agarwal, SVP and Global Delivery Head—P&C Insurance, Coforge. “A significant achievement to deliver a core platform transformation project within 60 days. A true example of seamless collaboration between Argyle, Duck Creek Technologies and Coforge to set new normal for Core Insurance Platform Rollout.”