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Duck Creek Technologies (Boston) has signed a collaboration agreement with TIREA, Information Technologies and Communication Networks for Insurance Entities (Tecnologías de la Información y Redes para las Entidades Aseguradoras S.A., Madrid) aimed at facilitating the integration of Duck Creek solutions in the Spanish market.
TIREA is the organization in charge of offering value-added IT services to insurers and to UNESPA, the Spanish Union of Insurance and Reinsurance Entities (Unión Española de Entidades Aseguradoras y Reaseguradoras), the association for insurance companies operating in the Spanish market. The alliance of the two entities will bring competitive advantages for organizations such as being able to design, test, and deploy a new product sooner, among other benefits, according to a Duck Creek statement.
This first agreement between Duck Creek Technologies and TIREA will focus on different lines of business and the SGR protocol that covers 85 percent of the market and reached 7,521 million in premiums in 2019, Duck Creek reports. This protocol’s collaboration will also facilitate integration with other protocols from different areas, whether it’s claims (CICOS, SDP) or policy (FIVA, SINCO, SENDA) since they share the same technological platform, the vendor says.
“With this agreement, Duck Creek Technologies reaffirms its commitment to the Spanish market within the framework of its European business, a fundamental piece of the company’s global growth strategy,” comments Douglas Rudd, European Partner Go-to-Market Leader, Duck Creek Technologies. “We are convinced this collaboration will be the first of many and will also strengthen our business proposal in Spain.”
“The collaboration agreement with Duck Creek is part of our role as a ‘facilitator’ partner of the insurance sector and support to the sector’s operational processes, ensuring neutrality in access, operability and quality of these services and their operational efficiency,” comments Carlos Sanchez, Chief Operations Manager, TIREA.