Reinsurance News

Core Specialty highlighted as Duck Creek’s first customer transacting its Cloud-based SaaS solution

2nd April 2024 - Author: Jack Willard

Core Specialty has been highlighted as being Duck Creek Technologies’ first customer transacting its Duck Creek OnDemand subscription on Microsoft’s commercial marketplace to use its existing Microsoft Azure Consumption Commitment (MACC).

core-specialty-logoIn a press release, it notes that Core Specialty recognises the strategic value of acquiring software-as-a-service (SaaS) products through the Azure Marketplace.

As a result, this approach allows Core Specialty to apply its Duck Creek SaaS fee payments as a credit to its MACC, ultimately simplifying the billing process through a more robust invoice.

Whilst being a technology-focused insurer, Core Specialty benefits from Duck Creek’s presence across the commercial marketplace.

This robust relationship between both Duck Creek and Microsoft helps drive impactful results for insurers with regard to scalability, security, and sustainability, as well as getting to market quickly with innovative and emerging technologies.

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Mike Jackowski, Chief Executive Officer, Duck Creek Technologies, commented: “We take pride in championing Core Specialty on their path to growth, innovation, and service excellence for both their customers and distribution partners through our world-class solutions and industry expertise. The decision to make Duck Creek solutions available in the Microsoft Azure Marketplace is a strategic move and adds substantial value for insurers by aligning their Duck Creek and Microsoft relationship and investments with impactful results.”

Karen Del Vescovo, CVP Financial Services, Microsoft, said: “Duck Creek’s win with Core Specialty Insurance demonstrates the immense partner opportunity of building on Microsoft Azure and selling solutions via the Azure Marketplace, resulting in streamlining Core Specialty’s cloud transformation strategy across SaaS and transactable solutions. This underscores the power of collaboration, where forward-thinking technology providers and insurers come together to drive innovation, enhance customer experiences, and transform the insurance landscape. As we continue to empower the financial services industry, relationships like these exemplify the true potential of the cloud and the Microsoft partner ecosystem.”

Jeff Consolino, Founder, President & Chief Executive Officer, Core Specialty, added: “At Core Specialty, our dedication to meeting the needs of our customers and brokers is unwavering. Through our relationship with Duck Creek and Microsoft, we have heightened our emphasis on using technology to elevate the customer experience. This relationship empowers us to uphold our commitment to delivering exceptional service and innovative solutions.”

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