Insurance administration software-as-a-service (SaaS) platform Duck Creek Technologies has announced the formation of a strategic partnership with Web Connectivity Limited (WCL), a provider of Association for Cooperative Operations Research and Development (ACORD) standards-based solutions for the commercial insurance industry.
With this partnership, Duck Creek customers will have expanded access to tools related to London Market insurance operations with the addition of a London Market messaging function. Duck Creek customers can also take advantage of WCL’s integrated products, including rapid deployment of ACORD and London Market messaging.
“This is a significant step forward for us in terms of being able to provide our customers with a global OnDemand SaaS platform that includes Syndicate and London Market Company operations,” said Bart Patrick, managing director, Europe at Duck Creek Technologies. “WCL and Duck Creek have a close cultural fit, and pairing our technologies for the London Market is a logical step. We can now provide insurers operating in the London Market with an even greater degree of functionality specific to their needs on top of the globally recognized Duck Creek Platform.”
“It is through collaborations and integrations such as our partnership with Duck Creek that we can provide a range of interconnected solutions,” said James Willison, managing director at WCL. “We can deliver integration solutions to our mutual clients to accelerate implementations and therefore enable our clients to realize significant process efficiencies sooner.
“Our multi-award-winning messaging Gateway and associated solutions are being used by nearly 100 organizations globally, including some of the world’s largest brokers, Lloyd’s Managing Agents, international carriers, and central bureau providers. This partnership is a significant step forward for the global specialty insurance market.”