(Sydney, Australia, home to Hollard Insurance. Photo credit: Wang Hsin Pei.)
The Hollard Insurance Company Australia (Sydney) has adopted Duck Creek Rating to advise its select brokers throughout Australia about the preferred pricing options that can be quoted based on customer needs. Hollard selected Duck Creek Rating to change its product definition and deployment capabilities and enhance its existing business management processes. The new rating system will allow brokers to see pricing options based on criteria submitted and select the one that is best for the customer, according to the vendor.
Hollard’s new rating platform will be supported by the vendor, as well as by two Duck Creek Global Alliance Partners: Finity Consulting (Sydney), an actuarial and management firm serving the general and health insurance industries in Australia and New Zealand will provide best-practice pricing analytics and Mindtree (Bangalore), a global system integrator will assist with the implementation of the rating software, according to a Duck Creek statement.
More Responsive to Customer Demand
“It’s exciting to be working with Hollard as they modernize their systems to improve how products are brought to the marketplace and capitalize on new revenue opportunities,” comments Michael A. Jackowski, president, Duck Creek Technologies. “And together with our alliance partners Finity and Mindtree, we’ll deliver the technology that will enable Hollard to be more responsive to customer and market demand, a differentiation that can give them a competitive advantage.”
The Hollard Insurance Company Australia is part of the Hollard Insurance Company worldwide group. Formed in South Africa in the 1980s to underwrite self-insurance programs for large corporate clients and banks. Hollard covers over 7 Million policy holders through insurance businesses operating across Africa as well as in Europe, India, China, the United States, Australia and New Zealand.