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Duck Creek Technologies (Boston) has expanded its Partner Ecosystem program through a new relationship with TransUnion (Chicago). Duck Creek characterizes TransUnion as joining its Partner Ecosystem as an industry leader of insurance solutions, working with 19 of the top 20 U.S. property/casualty insurers and over 250 insurance companies in total.
Mark McElroy, EVP, Insurance, TransUnion.
As a result of TransUnion’s joining the Duck Partner Ecosystem, an integration with Duck Creek Policy has been made available through the Duck Creek Content Exchange, giving carriers access to an Anywhere Enabled Integration with TransUnion’s DriverRisk product, offering access to motor vehicle records, pre-filled violation details, out-of-state convictions, and more, all through the Duck Creek Platform.
“TransUnion’s DriverRisk combines the power of court record violation data with nationwide state Motor Vehicle Reports, offering insurers a clearer view of consumers’ driving records,” comments Mark McElroy, EVP and head of TransUnion’s insurance business unit. “Partnering with Duck Creek and leveraging the Duck Creek Anywhere API is a natural fit for us, and we are excited to help even more insurers leverage our technology and resources to make smarter business decisions with accurate data at their fingertips.”
Jeff Wargin, Chief Product Officer, Duck Creek.
TransUnion’s DriverRisk extends the functionality of Duck Creek Policy to improve rating and underwriting and measure and manage portfolio risk while helping carriers reduce MVR-related expenses. In addition, carriers can optimize their marketing spend and lead quality by suppressing leads that are not aligned with their ideal driving history risk profiles, according to a Duck Creek statement.
Optimizing Spend while Identifying Problematic Drivers
“DriverRisk lets carriers optimize their spend and identify drivers with actionable convictions so they can affordably validate driving records and assess risk,” comments Jeff Wargin, Chief Product Officer, Duck Creek Technologies. “Its many capabilities offer significant value to insurers, and TransUnion is a fantastic addition to the Duck Creek Partner Ecosystem.”