Dovetail Insurance and Duck Creek Technologies Announce Strategic Relationship
Dovetail Insurance, an innovative provider of insurance services to the small commercial market and a subsidiary of Marsh, a leading insurance broker and risk advisor, announced today that it has entered into a strategic relationship with Duck Creek Technologies, a leading provider of technology services for the insurance industry.
Duck Creek will assume responsibility for managing and developing the technology underlying Dovetail’s proprietary platform. Dovetail’s platform enables independent insurance agents to deliver better, more efficient service and an expanded product selection to their clients, while providing insurance carriers with a new channel to distribute their products. The relationship with Duck Creek will provide Dovetail with increased technology resources and the capability to scale its business more rapidly.
“Duck Creek’s sophisticated technology will enhance the speed and quality of our service delivery,” said Dovetail Insurance CEO Rich Drab. ”We believe that this strategic relationship is a win-win for carriers, agents and their clients.”
“The pace of innovation in insurance distribution continues to increase as technology plays a greater role,” said John Drzik, president of Global Risk & Specialties at Marsh. “Dovetail’s strategic relationship with Duck Creek accelerates our ability to bring new and better solutions to the small commercial market.”
“Working with Marsh and Dovetail on this initiative brings together many of the aspects that make Duck Creek unique — a deep understanding of the P&C marketplace and its potential for innovation; modern, highly configurable software that is inherently built for change; and the ability to get carriers and their partners to the cloud quickly and in a model that best supports their strategy,” said Curt Stevenson, Chief Digital Officer of Duck Creek Technologies. “We’re also thrilled to help advance a technology platform that better meets the needs of the burgeoning small commercial marketplace.”
Marsh is a global leader in insurance broking and risk management. Marsh helps clients succeed by defining, designing, and delivering innovative industry-specific solutions that help them effectively manage risk. Marsh’s approximately 30,000 colleagues work together to serve clients in more than 130 countries. Marsh is a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), a global professional services firm offering clients advice and solutions in the areas of risk, strategy, and people. With annual revenue of US$13 billion and approximately 60,000 colleagues worldwide, Marsh & McLennan Companies is also the parent company of Guy Carpenter, a leader in providing risk and reinsurance intermediary services; Mercer, a leader in talent, health, retirement, and investment consulting; and Oliver Wyman, a leader in management consulting. Follow Marsh on Twitter, @MarshGlobal; LinkedIn; Facebook; and YouTube.
About Duck Creek Technologies
Duck Creek Technologies is a leading provider of comprehensive Property & Casualty insurance software and services for insurers of all sizes worldwide. Employing progressive technology, Duck Creek solutions enable insurers to optimize outcomes and enhance engagement through advanced digital and data capabilities and integrated functionality that can be delivered via the cloud or on premise. For more information, visit www.duckcreek.com or follow Duck Creek Technologies on Twitter, @DuckCreekTech