Who's using what in P&C insurance: December 25, 2023

Duck Creek Technologies integrated Lloyd's Outwards Reinsurance Scheme for its ceding reinsurance customers using Duck Creek Reinsurance. Lloyd's of London demands their members to have robust outwards (ceding) reinsurance strategies with appropriate systems, controls, procedures and expertise to enable the effective management of outwards reinsurance purchasing and recoveries. With this latest functionality, Duck Creek Reinsurance continues to offer global carriers the necessary tools to integrate into the world's leading reinsurance market.

Openly selected Ecopia AI's Building-Based Geocoding to fuel high-precision risk assessment during the underwriting process. Openly's user base of independent property and casualty insurance agents across 21 states will now be able to provide the most accurate quotes to homeowners by leveraging the power of artificial intelligence (AI), an innovative approach that aligns with Openly's own founding ideals.