(Image source: Ivans homepage.)
Ivans (University Park, Ill.) announced that it has expanded its partnership with Duck Creek Technologies (Boston) to quickly integrate and onboard its carrier customers to the Ivans Distribution Platform. The partnership will enable mutual customers of Duck Creek and Ivans Distribution Platform to easily implement the platform and quickly provide digital commercial quoting experiences to their agencies, according to an Ivans statement.
“Ivans Distribution Platform is revolutionizing the commercial lines distribution process, simplifying the workflow for both carriers and agents to work more productively and profitably together,” comments Ken O’Sullivan, director, Product Management, Duck Creek Technologies. “By pre-building an integration with Ivans Distribution Platform, we will enable many more carriers to generate new and renewal business opportunities, while lowering total cost of ownership.”
Ivans says its Distribution Platform improves the entire commercial lines policy lifecycle because, unlike point solutions available in the market, it supports both straight-through processing as well as more complex risks that require an underwriter’s attention. By identifying market appetite via Ask Kodiak as part of the process, the Ivans solution increases efficiencies and submission volume and can lower declination rates, the company statement says.
Eliminating Time and Expense
“Maintaining individual connections and integrations can be quite costly and time-consuming, forcing carriers to choose which connections to maintain and delaying the benefit realization of broader spread connectivity,” comments Reid Holzworth, CEO, Ivans. “Our partnership with Duck Creek will eliminate the barrier of time and expense it takes to manage integrations for our carrier partners, allowing them to focus their time on expanding and strengthening their commercial lines distribution channels.”