Global provider of P&C industry insurance software, Duck Creek Technologies, has partnered with provider of reinsurance sector solutions, DataCede, to offer reinsurance administration solution to P&C insurers.
The partnership sees Duck Creek expand its Global Alliance Program via the utilisation of DataCede’s cloud-based CedeRight reinsurance solution, which automates processing and administration of reinsurance activities for global P&C insurance firms.
Duck Creek’s Global Alliance Program incorporates delivery, solution, and technology members who play an important part in offering software services products to a broad range of P&C insurers. DataCede provides an “extensive domain and technical expertise,” which, according to a statement, will be of benefit to the P&C industry as players look to automate processing and administration of their reinsurance activities.
Commenting on the new partnership, Phil Masin, Executive Vice President (EVP), Sales & Operations, DataCede, said; “Historically, the processing and management of reinsurance has been highly manual or mired in inflexible legacy applications.
“CedeRight changes all of that, automating a full range of reinsurance processes and placing the latest analysis and reporting capabilities at companies’ fingertips. And all of this on a Software as a Service delivery platform, reducing the cost and business disruption associated with a traditional on-premises implementation.
“Small and mid-sized insurers can quickly move to managing their reinsurance business, rather than focusing on implementation.”
Eddie Jones, Vice President of Strategies and Alliances, Duck Creek, added; “To serve the needs of our customers covering the complex reinsurance market it was imperative to align with a partner that had a proven comprehensive solution.
“The CedeRight solution gives insurers the automation they need to easily access data to make informed decisions quickly, and to better and more simply manage their reinsurance exposures.”
