DCT Industrial Stock Price, News & Analysis

Duck Creek Technologies has been chosen by Novo Insurance, a telematics startup, to provide its technology platform for policy and billing solutions. This collaboration aims to accelerate Novo's auto insurance product launch across multiple states in 2023. Duck Creek's low-code, cloud-based platform, Duck Creek OnDemand, is highlighted for its efficiency and rapid implementation capabilities. Novo is leveraging advanced analytics and location-based services to enhance customer experience and operational efficiency. The partnership is affirmed by both companies, with Duck Creek being recognized for its market-leading SaaS systems.

Duck Creek Technologies is set to host Formation '23, a major customer conference, from May 8-10, 2023, in Orlando, Florida. The event brings together leading minds in the insurance industry, featuring over 60 sponsors and notable carriers like Berkshire Hathaway Specialty Insurance and GAINSCO. Attendees can expect insightful sessions from industry analysts and a first look at Duck Creek's latest product strategies aimed at empowering insurers. The conference is centered around the theme of “BUILDING TOGETHER”, emphasizing the importance of collaboration and innovation in the insurance sector. The gathering promises rich networking opportunities and discussions on emerging trends, highlighting Duck Creek's commitment to delivering cutting-edge solutions for a complex insurance landscape.

On April 10, 2023, Duck Creek Technologies announced that it has been recognized as a Dominant Provider in the Aite-Novarica P/C Policy Administration Systems Impact Report. This ranking reflects Duck Creek's robust market position and positive momentum within the property and casualty (P&C) insurance sector. The report details the features, capabilities, and strategic partnerships of leading technology solution providers, serving both insurers and policy administration solution (PAS) companies. Duck Creek's transition from on-premises software to a cloud-based SaaS provider has enhanced its market presence, as noted by Aite-Novarica. The company's commitment to delivering modernized insurance products through its low-code, cloud-native solutions is emphasized by leadership, indicating a significant evolution in how insurers operate.

Duck Creek Technologies announced that Andy Yohn, VP of Product Strategy and co-founder, will present at the 2023 Verisk Insurance Conference in Scottsdale, AZ from April 11–14, 2023. His session, Navigating the Noise: Dynamic & Actionable Data is Powering Automation in Small Commercial Insurance, will focus on using AI, machine learning, and computer vision to enhance underwriting through insights from unstructured data. Duck Creek boasts the most pre-built integrations with Verisk, aiding insurers in digital transformation. This partnership highlights a commitment to improving data quality and increasing operational efficiency in the insurance industry.