Duck Creek Technologies, Inc. [NASDAQ: DCT] disclosed that it has joined forces with global information services company Experian which will support general insurance providers in the U.K. market to improve the quality of their underwriting and claims handling, providing more comprehensive risk profiles through improved consumer data.
Duck Creek believed that this collaboration with Experian is an exciting opportunity for both companies. DCT confirmed that it will initially remain its focus on the U.K. market, whereby both the companies join hands to serve and add significant value for insurers and their customers. DCT is delighted that Experian has decided to be their technology provider for this unique deal for them.
Furthermore, the collaboration will deliver an on-demand Software as a Service (SaaS) solution leveraging Experian’s iCache platform. This platform consolidates critical and accurate risk information during the underwriting process for motor, buildings, and contents insurance. iCache allows insurers to better comprehend customers and understand their financial status to risks linked with their homes or vehicles.
In addition, Experian commented that it is constantly transforming and using technology to modernize the financial services industry and meet real-time data demands for providers and their customers. The company thinks that every consumer ought to be able to access fair and accessible credit, and it is dedicated to helping its clients to offer greater financial opportunities for everyone.