Duck Creek Technologies, Inc. (Duck Creek), a provider of innovative software and services for the insurance industry, announced it has signed an agreement with The Insurance Corporation of British Columbia (ICBC), to license Duck Creek Rating.
ICBC is a provincial Crown corporation established in 1973 to provide universal auto insurance to British Columbia motorists. They are also responsible for driver licensing, and vehicle licensing and registration.
ICBC was seeking new rating technology to help improve its flexibility and speed to market for new products and rating changes to respond more quickly to customer needs.
“There are many vendors in the insurance technology marketplace. We wanted to make sure that we chose the right business partner for ICBC and our customers, considering costs, technology, and the culture of the company we would be working with,” stated Kellee Irwin, vice president, underwriting, ICBC. “We felt that Duck Creek was a great fit in all areas.”
“We are pleased that Duck Creek was chosen by ICBC to provide its new rating system,” commented Steve Hall, Duck Creek’s president and CEO. “ICBC’s commitment to their customers is unparalleled. We are looking forward to partnering with their team on this project.”
Source : Duck Creek Rating Press Release
