(Image credit: Skeeze.)
Verisk (Jersey City, N.J. ), a provider of data analytics to the insurance industry, and Duck Creek Technologies (Boston), a provider of core system solutions for the property/casualty insurance industry, announced today additional Verisk underwriting solutions, available on Duck Creek’s Content Exchange, that the vendors say will enable insurer customers to easily access robust data on applicants’ previous coverage and loss history.
Among the newly available solutions, Coverage Verifier, is designed enable insurers using Duck Creek solutions to seamlessly submit auto coverage history data to Verisk and gain access to tools to verify coverages of policyholders. Another Verisk solution newly available on the Duck Creek, A-PLUS, aims to enable the core system vendor’s insurer customers to easily contribute property and auto claims data to Verisk and obtain loss run reports with detailed claim histories on risks they’re looking to insure.
Prior to these solutions being made available on the Duck Creek platform— set to launch in the Duck Creek Content Exchange during the first quarter of 2020—Duck Creek customers have had access to a range of Verisk tools through the Content Exchange, including detailed information on the relative risk of vehicles, the replacement costs for specific homes, and telematics data from consenting drivers for usage-based insurance programs.
“Quick and easy access to robust data is critical for insurers today looking to meet the changing needs of their customers,” comments Robert Fletcher, head of global solution partnerships, Duck Creek. “With these new Verisk solutions in the Duck Creek Content Exchange, insurers who use our software will now be able to easily access Verisk tools and make more informed and efficient underwriting decisions.”
Reducing the Need for Ad Hoc Integrations
“Improving the experience for our customers and enhancing their access to our products is a high priority at Verisk,” comments Mitch Bierman, AVP, strategic alliances, Verisk. “By integrating these new solutions to Duck Creek’s platform, we’re reducing the need for ad hoc integrations and making it simple for Duck Creek insurers to access detailed information about potential insureds.”