Duck Creek Technologies, a P&C solutions provider, has welcomed Xceedance, an insurance-focused consulting, technology and data provider, as an inaugural ecosystem partner for reinsurance.
Xceedance has been a longstanding collaborator with Duck Creek, having already partnered with three of its reinsurance global customers in Australia, the UK, and the US.
As an re/insurance services group, Xceedance operates seamlessly across the globe, delivering operational support, technology solutions, and data-driven services to empower global insurance organisations, the firm stated.
This collaboration, part of Duck Creek’s commitment to the reinsurance industry, comes months after the company unveiled its integration into Lloyd’s Outwards Reinsurance Scheme (LORS), catering to ceding reinsurance customers leveraging Duck Creek Reinsurance.
This strategic initiative, according to a Duck Creek spokesperson, will provide additional expertise and resources for reinsurance projects while eliminating reliance on spreadsheets and legacy systems.
Julien Victor, Managing Director of Reinsurance Management at Duck Creek Technologies, said: “With our deep expertise, our team at Duck Creek is committed to propelling transformation in reinsurance. Through deploying innovative insurtech and cultivating a robust partner ecosystem, we aim to ensure long-term business success for our customers.
“Our unwavering dedication lies in adding direct value to the insurance industry, driving positive change within the industry, and assisting our customers in navigating market challenges with unparalleled insurance proficiency and intelligent technology.”
Amit Tiwari, President of EMEA & APAC regions for Xceedance, added: “At Xceedance, our long-standing collaboration with Duck Creek Technologies has enabled us to deliver world-class core (re)insurance enterprise platforms across the globe.
“Duck Creek’s commercial reinsurance technology solution transforms and enhances key operations – from contract management to claims, accounting, and reporting. This empowers our shared clients across APAC, EMEA, and North America to elevate operational efficiency, harness data strategically, and drive critical business outcomes. Our in-depth understanding of the reinsurance industry and our capability to cater to varied international markets uniquely equip us to address the intricate demands of the global re/insurance sector.”
