AutoOne Insurance Selects Duck Creek Technologies' EXAMPLE Platform; Proof of Concept success key to AutoOne's Duck Creek decision.BOLIVAR, Mo. -- Duck Creek Technologies, Inc., a provider of rating and policy administration software for the insurance industry, today announced that AutoOne Insurance, a part of the OneBeacon Insurance Group OneBeacon Insurance Group offers a range of specialty and segmented commercial and personal insurance products sold primarily through select independent agents. As one of the oldest property and casualty insurers in the United States, OneBeacon traces its roots to 1831 and , has selected Duck Creek's EXAMPLE Platform(R) as the rating solution for the insurer's Personal Automobile line of business. AutoOne initiated their search for a new rating solution in order to achieve greater product design flexibility and rapid speed-to-market. After an extensive market review, AutoOne narrowed their choice to Duck Creek's EXAMPLE Platform rating solution and opted to take advantage of Duck Creek's offer of a Proof of Concept (POC (Proof Of Concept) See PoC exploit. POC - Point Of Contact ). As part of the one and one-half month POC effort, AutoOne provided rating specifications, test cases and XML XML in full Extensible Markup Language. Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations. structure samples for Duck Creek's review and implementation. With the EXAMPLE Platform's extensive flexibility, Duck Creek was able to rapidly create AutoOne's Personal Auto product definition using the EXAMPLE Platform's product development tool, EXAMPLE Author(R). After one and a half days of basic training on the EXAMPLE Platform, AutoOne was proficient enough on the system to make its own modifications, adequately test the system and add functionality as needed as needed prn. See prn order. to fully evaluate the EXAMPLE Platform. Due to the success of the POC project, AutoOne has committed to full implementation of Duck Creek's EXAMPLE Platform for rating for their Personal Automobile product. When asked why AutoOne selected Duck Creek Technologies, Senior Vice President of AutoOne Insurance, Phil Gibson noted, "Their comprehensive rating software package allows us to decrease the amount of time needed to implement rate changes. By lessening the time to implement rate changes, AutoOne increases response time necessary for the ever-changing auto insurance market." "We are pleased to welcome AutoOne to our growing list of clients and thank them for selecting our EXAMPLE Platform," commented Wendy Corman, Duck Creek's Business Development Officer. "When carriers are considering our solution, we encourage them to take the time and effort for a Proof of Concept. The process has consistently proven to be a tremendous tool to allow carrier's to fully evaluate our solution with their specific product requirements. We look forward to continuing to work with AutoOne in enhancing their product development and maintenance efforts, as well as improving their time to market." About AutoOne Insurance AutoOne Insurance is a division of the OneBeacon Insurance Group, rated A (Excellent) by A.M. Best. AutoOne Insurance is based in Melville, New York Melville is a hamlet and census-designated place in the town of Huntington in Suffolk County on Long Island, New York, in the United States. As of the 2000 census, 14,533 people resided there. and is a country-wide provider of Assigned Risk A danger or hazard of loss or injury that an insurer will not normally accept for coverage under a policy issued by the insurer, but that the insurance company is required by state law to offer protection against by participating in a pool of insurers who are also compelled to provide services for automobile insurance companies. AutoOne also offers voluntary automobile products such as Private Passenger Auto, and Take-out programs to qualified New York drivers. OneBeacon Insurance Group is wholly owned by White Mountains Insurance Group White Mountains Insurance Group is a holding company with business interests in property and casualty insurance, and reinsurance. The group owns the direct marketing insurer Esurance. External links
World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. and the Bermuda Stock Exchange The Bermuda Stock Exchange (BSX), established in 1971, is now the world’s leading fully electronic offshore securities market, with a current market capitalization (excluding mutual funds) in excess of US$300 billion. under the symbol "WTM WTM World Travel Market (London) WTM World Tamil Movement WTM What's the Matter? WTM Windows Task Manager WTM Web, Trattamenti e Materiali (Italian) WTM Winner Takes Most WTM Wind Tunnel Model ." For more information, visit: www.AutoOneIns.com About Duck Creek Technologies Duck Creek Technologies is a software and services company that is changing the rules of the insurance business. Its EXAMPLE Platform(R) enables insurance carriers to rapidly define, develop, deploy, and manage their insurance products and services - for any line of business. The Platform's flexible Service-Oriented Architecture is currently being used by Duck Creek's customers for product definition, rating and underwriting, submission processing, policy administration and legacy migration. Duck Creek was named by Inc. Magazine as one of America's fastest growing private companies, ranking #63 in their 2005 Inc. 500 list. The company was founded in January 2000 and has offices in Bolivar, Missouri, and Farmington, Connecticut. Duck Creek Technologies is a Microsoft Gold Certified Partner. For more information, visit www.duckcreektech.com or call 800-889-8401. All trademarks appearing in this news release are the property of their respective owners. |
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