(Rock dove in flight. Photo credit: Alan D. Wilson)
Dovetail Insurance, (Columbia, S.C., a subsidiary of Marsh) a provider of insurance services to small commercial market has entered into a strategic partnership with Duck Creek Technologies (Columbia, S.C.) whereby the core system vendor will assume responsibility for managing and developing the technology underlying Dovetail’s proprietary platform.
Dovetail developed a cloud-based technology platform that enables independent insurance agents to obtain online quotes from multiple insurance providers and bind insurance policies in real time. A Duck Creek statement describes Dovetail’s platform as enabling independent insurance agents to deliver better, more efficient service and an expanded product selection to their clients, while providing insurance carriers with a new channel to distribute their products. The vendor says that the new relationship will give Dovetail increased technology resources and the capability to scale its business more rapidly.
“Duck Creek’s sophisticated technology will enhance the speed and quality of our service delivery,” comments Rich Drab, CEO, Dovetail Insurance. “We believe that this strategic relationship is a win-win for carriers, agents and their clients.”
John Drzik, president of Global Risk & Specialties at Marsh couches the strategic partnership announcement in the context of an accelerated pace of innovation in insurance distribution driven by technology. “Dovetail’s strategic relationship with Duck Creek accelerates our ability to bring new and better solutions to the small commercial market,” he says.
Meeting the Changing Needs of the Small Commercial Marketplace
“Working with Marsh and Dovetail on this initiative brings together many of the aspects that make Duck Creek unique—a deep understanding of the P&C marketplace and its potential for innovation; modern, highly configurable software that is inherently built for change; and the ability to get carriers and their partners to the cloud quickly and in a model that best supports their strategy,” comments Curt Stevenson, Chief Digital Officer, Duck Creek Technologies. “We’re also thrilled to help advance a technology platform that better meets the needs of the burgeoning small commercial marketplace.”