Duck Creek Technologies has announced the release of Duck Creek Clarity, a cloud-native technology solution and the successor to Duck Creek Insights that will “transform the future of data-driven excellence for the insurance industry.”
According to the firm, Duck Creek Clarity is designed to “empower insurers with advanced data management, reporting, and analytics capabilities.”
Duck Creek said that the product’s introduction modernises the traditional technology upgrade cycle through a unique “Active Delivery” approach, which provides continuous updates and eliminates the need for insurers to undergo timely and costly upgrade projects.
The firm continued, “With the ability to seamlessly integrate external data sources, Duck Creek Clarity enables teams to gain comprehensive insights, leading to enhanced decision-making and improved loss ratios. Insurers can harness this powerful service for both daily operational reporting and strategic long-term planning, setting the stage for portfolio-wide improvements.”
Duck Creek explained that the new product leverages the Snowflake Data Cloud to equip insurers with curated data layers and a suite of pre-built business intelligence dashboards and reports, facilitating “more informed underwriting and renewal decisions, as well as team performance evaluation.”
Duck Creek Clarity also reportedly simplifies data integration into AI/ML (artificial intelligence/machine learning) models, consumer and agent/broker applications, and third-party systems.
Jess Keeney, Chief Product & Technology Officer, Duck Creek Technologies, commented, “We are ushering in a new era of data-driven excellence with the launch of Duck Creek Clarity. Duck Creek has proven the solution’s robust capabilities are an essential element that supports data ownership and agile decision-making, which offers insurers a greater competitive edge in the marketplace.
“This is only the beginning of Duck Creek’s commitment to ongoing investment in data and analytics that enable insurers across the globe to be smarter and faster in their response to market opportunities.
“Duck Creek Clarity is a pivotal step in our technology roadmap vision to provide insurers with the means to ‘execute with intelligence,’ optimize operational efficiencies, and provide more personalized customer experiences.”
