The offering ties together Pitney Bowes Business Insight'sSpectrum data quality platform and location intelligence solutionswith the Duck Creek policy administration product. This combinationprovides carriers with customer information validation, dataenrichment, and geo-spatial analysis in a single API calleddirectly from the Duck Creek user interface and entirelytransparent to the business user.

"Two key areas of focus for Duck Creek are: helping insurancecarriers get products to market more quickly and ultimately drivingprofitable premium growth," says Kerrick Tweedy, co-founder,product manager of Duck Creek. "Integrating with Pitney BowesBusiness Insight allows us to address both of these keyinitiatives. By making the integration available out-of-the-box, wehelp carriers get products to market more quickly. By bringing inthe wealth of data provided by the Spectrum and Envinsa solutions,we give brokers and underwriters the information they need to dotheir jobs more effectively, therefore driving more profitablepremium growth."

"Insurance carriers want a policy administration system that isdesigned to automate key policy functions, define workflows andenable straight-through-processing of core business processes,"says Bill Sinn, strategic industry and marketingdirector--insurance, Pitney Bowes Business Insight. "Ourpartnership with Duck Creek signifies our commitment to providinginsurance carriers with the most advanced, intuitive andcustomer-friendly solutions to enhance their businessoperations."

When an agent or underwriter enters data into the Duck Creekpolicy administration product it makes a Web services call toPitney Bowes Business Insight Spectrum platform. Spectrum returns acomprehensive set of enriched data, including address verification,proximity to risk and emergency services, and identification of theexact location of the insured assets.

This data is leveraged at multiple points throughout theunderwriting process. For instance, if the policy is returned as anunderwriting exception, Pitney Bowes Business Insight's Envinsalocation intelligence solution enables the carrier to visuallycompare the proximity of the policy to the existing book ofbusiness to determine risk accumulations and threats ofover-exposure or aggregated risks within a catastrophe area.

In addition, the joint solution leverages the power of PitneyBowes Business Insight's EngageOne solution for policyholdercommunications. Specifically highlighted is the ability forunderwriters to conduct in-line editing of policies and othercommunications to reflect specific coverage parameters notavailable in standard forms.

(To learn how one Duck Creek customer is using the vendor'spolicy administration system, please click on this Tech Decisions article.)