(Image source: Core Specialty homepage.)
Core Specialty Insurance Holdings, Inc. (Cincinnati), a provider of a diversified range of property and casualty insurance products for small to mid-sized businesses, has selected Duck Creek Technologies (Boston) solutions via Duck Creek OnDemand, the vendor’s SaaS platform for the property/casualty insurance industry.
Seeking to intensify its focus on product innovation and distribution, Core Specialty sought a next-generation technology platform capable of delivering unmatched operational efficiency, harnessing data from myriad sources, and empowering distribution partners with best-in-class ease of doing business, according to a Duck Creek statement. The vendor reports that Duck Creek’s Professional Services arm is handling the implementation of all solutions, as well as developing a proprietary API-based connection to the broker ecosystem Core Specialty is cultivating.
“Core Specialty is truly ‘ready to go,’ a theme we are emphasizing as part of our Company rebranding,” comments Jeff Consolino, President & CEO, Core Specialty. “Collectively and in each of our specialist niche business units, we intend to operate with strong entrepreneurial spirit, drive, speed, agility, and empowered decision-making. Duck Creek OnDemand will give us the important tools we need from a technical perspective to continue pursuing our goals. This is a decision we know will serve us well into the future as we grow our business with greater speed to market and critical business intelligence.”
Duck Creek describes OnDemand as an end-to-end SaaS solution providing all of the services, support, and computing resources needed to help carriers move faster and more efficiently than ever before. “By leveraging the best available technology and continuously delivering new functionality to solve ever-changing property/casualty insurance business challenges, OnDemand enables a fundamentally new approach to competing in today’s industry—one where technology supports strategy rather than dictating it, and where carriers are empowered to focus on innovation in entirely new ways,” a vendor statement says.
Strengthening Leadership in Rapidly-Modernizing P&C Industry
“Core Specialty’s digital strategy is quickly building impressive momentum and scale,” comments Marc Stad, Founder and Managing Partner, Dragoneer Investment Group, a major investor in Core Specialty. “By selecting Duck Creek OnDemand to power their business, Core Specialty is strengthening their leadership position in the rapidly-modernizing P&C insurance sector—and we are excited to see what they can accomplish with the support of OnDemand’s highly innovative solutions.”
“Core Specialty’s scale and geographic reach require SaaS solutions that can support all of its operations now, as well as scale and speed to meet its goal of tripling in size over the next three years,” says Michael Jackowski, CEO of Duck Creek. “Our team is proud to support our longtime customer as they take this important step forward in their journey, and to provide the solutions and expertise they need to achieve operational excellence and provide their customers and distribution partners with service excellence. We’re excited to expand our relationship and look forward to working together to help Core Specialty accelerate their success.”