London, January 11 – 2011 Duck Creek’s “best of breed” underwriting and billing solution has been selected by Legal & General’s general insurance business to revolutionise their product and pricing capability. Legal & General will use the Duck Creek solution to improve efficiency through more sophisticated pricing and to respond more quickly to business demands to offer a broader product range, across its various distribution channels.
Duck Creek’s breadth of experience in the successful implementation of similar solutions for large complex businesses made them the partner of choice for Legal & General. A key factor in making the decision to use Duck Creek is the ability the solution offers to create a centralised general insurance platform. This will enable all Legal & General’s business partners and customers to access details of the general insurance cover arranged with them via a web browser. Developing the new platform is a significant step in enabling Legal & General to deliver its future business strategy.
Geoff Howard, Strategy Director for Legal & General’s general insurance business, said: “The advancement of our technological capability is fundamental to achieve our aim of continued long term profitable growth. The delivery of the system is a huge undertaking but with an experienced project team of business experts from Duck Creek and Legal & General working together, we expect to deliver the first web based new product using the solution in Q2 2011.”
Tony O’Halloran, Managing Director of Duck Creek EMEA, said: “As one of the major insurers in the UK marketplace we are delighted to have the opportunity to work with Legal & General providing them with our complete underwriting and billing solution. Legal & General play a key role in support of Duck Creek’s growing presence as a preferred partner in the global insurance market.”