Accenture has completed its acquisition of Duck Creek Technologies, a privately held company that specializes in software solutions for the property & casualty insurance industry.

Approximately 370 Duck Creek employees based in the United States and the United Kingdom are joining Accenture through the acquisition.  Duck Creek will become part of Accenture Software, Accenture's dedicated software business.

The acquisition, announced in July, complements Accenture Software's existing p&c, component-based software platforms.  It gives Accenture a suite of software with processing capabilities for the p&c insurance market — from product configuration and definition to policy management, including underwriting, billing, rating, ISO-based products support, and claims management.

“This acquisition demonstrates our commitment to offering insurers a full suite of p&c software with independent but interoperable modules that cover all core insurance functions,” says Colin Davies, global director of Accenture Software. “The software is designed to address insurers' business requirements while helping reduce implementation time and risk.” 

 “Clients will also benefit from continual access to Accenture's ongoing R&D investments into advanced technologies, and can rely on our commitment to providing standard upgradable software, backed by valuable and cost-effective software maintenance services,” says John Del Santo, global managing director of Accenture's insurance practice. “We are pleased with our clients' excitement and support for this acquisition. Like us, they see how these complementary capabilities can lead to better and faster software implementations and more efficient operations.”

“Some insurers are looking for best of breed applications; others want a comprehensive end-to-end suite,” says Donald light, senior analyst at Celent. “All insurers are looking for effective software solutions that can be easily integrated and maintained. The .NET framework shared by Accenture and Duck Creek will facilitate integration and easier maintenance for a strong combined set of claims, policy administration, rating, and billing solutions.”