(Image source: Carpe Data homepage.)
Carpe Data, a next-generation online data provider for insurers, and Duck Creek Technologies, a core system/insurance platform for the property/casualty industry, have partnered to integrate Carpe Data’s ClaimsX and Minerva products into Duck Creek’s claims and underwriting platforms. This partnership will provide Duck Creek’s customers with access to Carpe Data’s extensive range of actionable insights, helping insurers to reduce instances of fraud, automate and expedite decision-making processes, improve pricing strategies and make more informed underwriting and claims decisions.
“Implementing datasets and protocols to combat fraud, eliminate waste and streamline processes can be a daunting and time-consuming challenge,” said Max Drucker, CEO of Carpe Data. “We are excited to collaborate with Duck Creek to make our Minerva and ClaimsX products available into their existing platforms and workflow. Through this partnership, customers will be able to unlock the full potential of their data and make more informed decisions that will ultimately enhance their bottom line.”
This partnership provides mutual benefits for both companies. It enables information to flow directly into a core system, which allows an insurer to recognize and unlock the full potential of its data. For Carpe Data, it reduces any friction associated with implementing and consuming data. For Duck Creek, the collaboration enhances their platform by adding a broader range of data sources that customers can access, further enabling Duck Creek to serve as a comprehensive end-to-end solution for underwriting and the claims process.
Delivering Innovative and Actionable Insights
“We consider Carpe Data as an innovator in delivering innovative and actionable insights to the insurance industry,” comments Elaine Rogalla, Director, Product Management, Duck Creek Technologies. “We share their commitment to driving innovation, agility and efficiency within the industry and are thrilled to welcome them into our growing ecosystem of partners. We together look forward to identifying areas for customers to harness the power of their data in the future.”