Duck Creek Technologies CEO Michael Jackowski said: "We're proud towelcome Outline's employees to the Duck Creek family and tocontinue to work together to improve the many aspects of P&Cdistribution management together." (Shutterstock)
Duck CreekTechnologies, the Boston-based insurance software company, hasacquired Outline Systems LLC, a New Jersey-based provider ofP&C insurance distribution channel management software, thecompanies announced Wednesday.
|"Outline's distribution channel management software is a naturaladdition to Duck Creek's platform and marks an important milestonein our growth strategy," Duck Creek CEO Michael Jackowski said in apress release.
|Effective immediately, Outline's flagship product was rebrandedas Duck Creek Distribution Management, and will be offeredalongside Duck Creek's other P&C insurance solutions. DuckCreek also will capitalize on Outline's software products andexpertise to optimize their producer channels through onboarding,licensing, compliance, reporting, relationship management, andcommission management capabilities.
|"Distribution management is keenly important to insurers as theyexpand channels, move into new territories, and add distributors,"said Karlyn Carnahan, head of Celent's Property/Casualty practicefor the Americas. "Coupling a distribution management solution withconfigurable core systems can offer insurers a distinct competitiveadvantage by assuring the consistent delivery of key processeswhile optimizing the ability to access and use data."
|See also:
|The software revolution laps the insuranceshore
|The 3 stages of the P&C insurancesoftware system selection process
|
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