Duck Creek Technologies, a global provider of P&C industry insurance software, is partnering with mobile telematics and analytics firm Cambridge Mobile Telematics.
The partnership is aimed at allowing Duck Creek’s customers to rapidly deploy mobile telematics-based business strategies into their business.
Insurers will be able to create connected insurance business models such as behaviour-based insurance, usage-based insurance, mileage-based insurance, and rewards programs.
CMT uses mobile sensing, IoT, artificial intelligence, and behavioral science to build solutions for personal and commercial insurers, ride-sharing companies, and mobility providers worldwide.
“Cambridge Mobile Telematics’ innovative technologies let insurers process claims faster, lower their risk, and improve their customers’ experiences,” said Jeff Wargin, chief product officer at Duck Creek Technologies. “CMT is a fantastic addition to the Duck Creek partner ecosystem.”
“One of the major limitations that insurers face when deploying new business strategies is the amount of time needed to manage backend technologies that support innovation,” said Ben Bowne, vice president of partner solutions at CMT.
“This partnership allows us to help insurers by removing barriers to build a competitive advantage.”