logo
Capricorn Mutual Selects Duck Creek Technologies as Their New Core Insurance Delivery Technology Partner

Capricorn Mutual Selects Duck Creek Technologies as Their New Core Insurance Delivery Technology Partner

Yahoo04-06-2025

Duck Creek's solution will be a key enabler of Capricorn Mutual's business strategy, to strengthen their auto-trade members' businesses
SYDNEY, June 04, 2025 (GLOBE NEWSWIRE) -- Duck Creek Technologies, the global provider defining the future of property and casualty (P&C) and general insurance, has announced a new SaaS core insurance delivery technology partnership with Capricorn Mutual, the protection arm of one of Australia and New Zealand's largest member-owned organizations, Capricorn.
Duck Creek's full-suite, including Policy, Rating, Billing, Claims and Clarity (data and insights), served via the OnDemand cloud-delivery platform, will replace Capricorn Mutual's incumbent legacy technology stack, empowering the business to deliver enhanced commercial and domestic coverage products and experiences to more of Capricorn's 30,000 small and medium auto business members.
'As a member-based organisation, strengthening our members' businesses by delivering high-quality service and value is our priority,' said Rod Scanlon, Chief Executive Officer of Risk Services. 'We believe that Duck Creek provides the technology platform we need to deliver on this commitment, now and into the future.'
With their auto-trade members operating in a dynamic and high-risk environment, Capricorn Mutual needed a core delivery solution that supported their strategy of deepening relationships with members, uplifting processes to deliver best-in-class experiences, and continually improving products, services and risk management.
'We identified that technology should be a key enabler of our business strategy and objectives. Duck Creek enables us to enhance our automation capabilities, improve workflows and integrate our insurance system with our other member benefits solutions,' said Mr. Scanlon. 'Duck Creek's evergreen and modular SaaS solutions provide a clean and intuitive team and member experience and a powerful rating engine. The Duck Creek platform offered us all the functionality and capabilities we could need to achieve these strategies.'
Mr. Scanlon added, 'The ease of implementation and extremely natural and intelligent user interface decreases our teams training time on the system, which allow us to deliver more value to members sooner, with lower associated delivery costs.'
Christian Erickson, General Manager APAC Duck Creek, said of the new partnership, 'We're thrilled to welcome Capricorn Mutual to the Duck Creek flock. Throughout the selection process, Capricorn Mutual rigorously reviewed and tested the range of solutions available in-market to ensure that their members would receive the best experiences and outcomes possible. Duck Creek is privileged to be recognized as the leading solution and we look forward to helping Capricorn Mutual build even deeper member relations.'
About Duck Creek Technologies Duck Creek Technologies is the global intelligent solutions provider defining the future of the property and casualty (P&C) and general insurance industry. We are the platform upon which modern insurance systems are built, enabling the industry to capitalize on the power of the cloud to run agile, intelligent, and evergreen operations. Authenticity, purpose, and transparency are core to Duck Creek, and we believe insurance should be there for individuals and businesses when, where, and how they need it most. Our market-leading solutions are available on a standalone basis or as a full suite, and all are available via Duck Creek OnDemand. Visit www.duckcreek.com to learn more. Follow Duck Creek on our social channels for the latest information – LinkedIn and X.
Media Contacts: Marianne Dempsey/Tara Stred duckcreek@threeringsinc.comSign in to access your portfolio

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

How Advisors Can Harness Media to Reach Gen Z
How Advisors Can Harness Media to Reach Gen Z

Yahoo

time13-06-2025

  • Yahoo

How Advisors Can Harness Media to Reach Gen Z

Meeting digital natives where they're at isn't always easy. But with more than a third of Gen Z investors citing influencers as a 'major factor' in their decision to buy, experts say that advisors — an aging demographic, by all accounts — need to be attuned to younger generations' habits. Nearly half of Gen Z uses social media as a primary source of investing information, compared with 42% of Millennials and 26% of Gen X, according to recent research from Finra and the CFA Institute. '[Social media is] where younger people are,' said Kyla Scanlon, an influencer and founder of the financial education company Bread. 'That can be difficult for a lot of [older advisors], where they're like, 'Oh, I prefer to do everything the old-fashioned way,' and that doesn't work with younger people … They get all their information on social media.' READ ALSO: Financial Uncertainty Spurs Anxiety and Depression and Most Americans Question Online Financial Information Rising costs of living and stagnant wages have contributed to feelings of financial nihilism — someone's sense that they'll never be financially stable, or homeowners, or retirement-ready — in every generation, but particularly Gen Z: Less than one in three Gen Zers is currently saving for retirement, a Bankrate survey showed, with 30% of this demographic 'feeling behind' on retirement savings. This generation is also twice as likely as the general population to say they don't know where to find an advisor, despite being, on average, 13 percentage points more likely to want one. There are several ways advisors can harness the power of the internet to expand their reach. Taking a 'personal approach' is key in an age of branding, since Gen Z is wary of ulterior motives in advertising and online financial advice, Scanlon said. 'The way that [advisors] should approach it is that character-based approach,' she said. 'It's not like, 'I will have Blackrock ETFs and VanEck ETFs.' It's, 'I am a person who's going to help you through this.'' Utilizing client testimonials can also be a powerful tool in the review-centric era of sites like Yelp. The company Wealthtender makes use of the SEC's lifting of the testimonial rule, which CEO Brian Thorp thinks advisors still aren't taking advantage of. Even though testimonials have been allowed since 2021, only 9.3% of SEC-registered firms are using them, he said. Into the Pod-verse. Podcasts can also be a key way for advisors to build out their Gen Z books, gain an online following, and establish credibility. Six out of 10 Gen Zers say that it's 'important that podcasts provide them with good tips and advice,' according to data from SiriusXM. Mitlin Financial founder Larry Sprung said his firm's podcast — whose guests are asked what brought them joy that day — has helped the firm establish its core message and set itself apart. 'We started leaning into it. We created shirts… We feel like, especially in the world today, there's so much divisiveness,' he said. 'Joy is somewhat universal. It has resonated with a lot of people.' This post first appeared on The Daily Upside. To receive financial advisor news, market insights, and practice management essentials, subscribe to our free Advisor Upside newsletter. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

HDFC ERGO General Insurance Wins Duck Creek Standard of Excellence Customer Award at Formation '25
HDFC ERGO General Insurance Wins Duck Creek Standard of Excellence Customer Award at Formation '25

Yahoo

time09-06-2025

  • Yahoo

HDFC ERGO General Insurance Wins Duck Creek Standard of Excellence Customer Award at Formation '25

The integration of new technology solutions by Duck Creek will enhance operational efficiency and customer experience for the insurer BOSTON, June 09, 2025 (GLOBE NEWSWIRE) -- Duck Creek Technologies, the global intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, today announced HDFC ERGO General Insurance Company Limited (HDFC ERGO), India's leading private sector general insurer, as a 2025 Standard of Excellence Customer Award winner at Formation '25, its flagship customer conference held in Orlando, Florida. A digital-first company, transforming into an AI-first company, HDFC ERGO is a leading general insurer of India, which is known for introducing pioneering and futuristic tech solutions in the Indian insurance landscape to offer its customers the best-in-class service experience. The Duck Creek Standard of Excellence Customer Awards recognize customers who have achieved the highest level of excellence through their implementation of Duck Creek solutions and who have a vision to advance their business, while reimagining the future of insurance. HDFC ERGO earned recognition for accelerating product launches, streamlining system integration, and increasing market agility using Duck Creek's solutions, including Policy, Billing, Rating, and Insights. The Indian insurance market is undergoing a major transformation with a growing customer demand and the need for hyper-personalized services. The Insurance Regulatory and Development Authority of India (IRDAI) has also been encouraging the insurers to develop agile and customer-centric products so as to fuel insurance inclusion among diverse demographics and across the diverse geographies in the country. HDFC ERGO's adoption of Duck Creek's low-code, highly configurable platform to design a pioneering AI-enabled, real-time policy issuance system marks a significant milestone, where now the insurer has transformed the end-to-end process for its Health and Fire lines of business. 'At HDFC ERGO, our endeavour has been to offer best-in-class solutions and experience to our customers. The behaviour and requirements of today's customers have evolved to a great extent, where they expect dynamic, hyper-personalized, and innovative solutions, and the insurance industry is not an exception in this changed ecosystem. Hence as a customer-focused organization, we were looking for a technology partner, who would enable us to offer innovative products, efficient services, and better analytical insights in an integrated manner to provide a seamless experience to our customers. The tech enablement from Duck Creek matched perfectly to this requirement,' said Sriram Naganathan, President & CTO at HDFC ERGO General Insurance Company Limited. 'We are happy and honored to receive the Duck Creek Standard of Excellence Award. We believe with these new tech enhancements we will set a new benchmark in the insurance industry and propel the cause of insurance inclusion in India — thus also supporting the vision of 'Insurance for All by 2047' of IRDAI— the Indian insurance regulator.' The scale of the project was massive, involving over 45 business users, 150+ IT developers working in parallel across seven systems integrator partners, designing 300+ product covers, 300+ business rules, and executing 10,000+ test scenarios. The solutions were delivered in only nine months, with their commercial fire product first to go live, followed by their health product soon thereafter. Key results include: Product launch time reduced from 4-5 months to just four weeks, allowing rapid response to market demands and regulatory changes. Dramatic productivity gains for agents with quotes generated almost instantly and agents able to offer 4-5 alternative product options rather than just a single choice. Operational efficiency and risk reduction by drastically reducing manual data entry, minimizing compliance risks, and improving accuracy. Straight-through processing completed tasks in just 3-4 minutes, instead of hours or days. Elevated customer experience driven by policies now being processed in near real time, instead of in hours and days. Customers are now also offered data-driven product recommendations and better-suited options, leading to improved engagements. 'We are proud to honor HDFC ERGO General Insurance with the 2025 Standard of Excellence Customer Award,' said Christian Erickson, Vice President and General Manager, APAC at Duck Creek Technologies. 'HDFC ERGO's digital transformation stands as a benchmark for innovation and execution in the insurance industry. As our first customer in the in India market, we are thrilled to be HDFC ERGO's strategic partner, with our suite of products helping drive meaningful business outcomes and value for the business, their customers, and shareholders. HDFC ERGO exemplifies the forward-thinking, customer-focused approach that defines the future of insurance. We congratulate them on this well-deserved recognition.' About Duck Creek Technologies Duck Creek Technologies is the global intelligent solutions provider defining the future of the property and casualty (P&C) and general insurance industry. We are the platform upon which modern insurance systems are built, enabling the industry to capitalize on the power of the cloud to run agile, intelligent, and evergreen operations. Authenticity, purpose, and transparency are core to Duck Creek, and we believe insurance should be there for individuals and businesses when, where, and how they need it most. Our market-leading solutions are available on a standalone basis or as a full suite, and all are available via Duck Creek OnDemand. Visit to learn more. Follow Duck Creek on our social channels for the latest information – LinkedIn and X. Media Contacts: Marianne Dempsey/Tara Stred duckcreek@ About HDFC ERGO General Insurance Company Limited: HDFC ERGO General Insurance Company Limited, one of the leading private sector general insurance companies of India, whose promoters are HDFC Bank Limited, one of India's leading private sector banks, and ERGO International AG, the primary insurance entity of Munich Re Group. A digital-first company, transforming into an AI-first company, HDFC ERGO is a leader in implementing technology to offer customers the best-in-class service experience. HDFC ERGO offers a complete range of General Insurance products including Health, Motor, Home, Agriculture, Travel, Credit, Cyber and Personal Accident in the retail space along with Property, Marine, Engineering, Marine Cargo, Group Health and Liability Insurance in the corporate space. The Company has created a stream of innovative & new products as well as services using technologies like Artificial Intelligence (AI), Machine Learning (ML), Natural Processing Language (NLP), and Robotics. HDFC ERGO offers a range of general insurance products and has a completely digital sales process with 299 branches and 600+ digital offices across India. HDFC ERGO's technology platform has empowered the customers to avail services digitally on a 24x7 basis, with 70%+ claims for retail products intimated digitally and over 80% of service interactions are catered digitally of which 10% are AI led. The Company issued ~3.4 crore policies in FY25 and has one of the best claims payout ratios in the General Insurance industry. Be it unique insurance products, integrated customer service models, top-in-class claim processes or a host of technologically innovative solutions, HDFC ERGO has been able to delight its customers at every touch-point and milestone to ensure consumers are serviced in real-time. Social Media: Facebook: Twitter: LinkedIn: YouTube: Media Contacts: Shilpi in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Capricorn Mutual Selects Duck Creek Technologies as Their New Core Insurance Delivery Technology Partner
Capricorn Mutual Selects Duck Creek Technologies as Their New Core Insurance Delivery Technology Partner

Yahoo

time04-06-2025

  • Yahoo

Capricorn Mutual Selects Duck Creek Technologies as Their New Core Insurance Delivery Technology Partner

Duck Creek's solution will be a key enabler of Capricorn Mutual's business strategy, to strengthen their auto-trade members' businesses SYDNEY, June 04, 2025 (GLOBE NEWSWIRE) -- Duck Creek Technologies, the global provider defining the future of property and casualty (P&C) and general insurance, has announced a new SaaS core insurance delivery technology partnership with Capricorn Mutual, the protection arm of one of Australia and New Zealand's largest member-owned organizations, Capricorn. Duck Creek's full-suite, including Policy, Rating, Billing, Claims and Clarity (data and insights), served via the OnDemand cloud-delivery platform, will replace Capricorn Mutual's incumbent legacy technology stack, empowering the business to deliver enhanced commercial and domestic coverage products and experiences to more of Capricorn's 30,000 small and medium auto business members. 'As a member-based organisation, strengthening our members' businesses by delivering high-quality service and value is our priority,' said Rod Scanlon, Chief Executive Officer of Risk Services. 'We believe that Duck Creek provides the technology platform we need to deliver on this commitment, now and into the future.' With their auto-trade members operating in a dynamic and high-risk environment, Capricorn Mutual needed a core delivery solution that supported their strategy of deepening relationships with members, uplifting processes to deliver best-in-class experiences, and continually improving products, services and risk management. 'We identified that technology should be a key enabler of our business strategy and objectives. Duck Creek enables us to enhance our automation capabilities, improve workflows and integrate our insurance system with our other member benefits solutions,' said Mr. Scanlon. 'Duck Creek's evergreen and modular SaaS solutions provide a clean and intuitive team and member experience and a powerful rating engine. The Duck Creek platform offered us all the functionality and capabilities we could need to achieve these strategies.' Mr. Scanlon added, 'The ease of implementation and extremely natural and intelligent user interface decreases our teams training time on the system, which allow us to deliver more value to members sooner, with lower associated delivery costs.' Christian Erickson, General Manager APAC Duck Creek, said of the new partnership, 'We're thrilled to welcome Capricorn Mutual to the Duck Creek flock. Throughout the selection process, Capricorn Mutual rigorously reviewed and tested the range of solutions available in-market to ensure that their members would receive the best experiences and outcomes possible. Duck Creek is privileged to be recognized as the leading solution and we look forward to helping Capricorn Mutual build even deeper member relations.' About Duck Creek Technologies Duck Creek Technologies is the global intelligent solutions provider defining the future of the property and casualty (P&C) and general insurance industry. We are the platform upon which modern insurance systems are built, enabling the industry to capitalize on the power of the cloud to run agile, intelligent, and evergreen operations. Authenticity, purpose, and transparency are core to Duck Creek, and we believe insurance should be there for individuals and businesses when, where, and how they need it most. Our market-leading solutions are available on a standalone basis or as a full suite, and all are available via Duck Creek OnDemand. Visit to learn more. Follow Duck Creek on our social channels for the latest information – LinkedIn and X. Media Contacts: Marianne Dempsey/Tara Stred duckcreek@ in to access your portfolio

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store