Munich Re Specialty Insurance (MRSI) has teamed up with Duck Creek Technologies to create advanced digital platform for ‘best-in-class’ service and product innovation.
Duck Creek will help MRSI in overhauling its technology infrastructure with a digital-first, cloud-native offering.
The insurer will leverage Duck Creek’s end-to-end SaaS solution OnDemand platform.
OnDemand will the insurer all services, support and computing resources needed to move faster and more efficiently.
The platform includes Duck Creek Policy, Duck Creek Billing, Duck Creek Claims, and Duck Creek Insights.
MRSI COO Adam Edelstein said: “The initiative is a key step forward in support of MRSI’s mission to provide exceptional service to our partners, clients and customers.
“By enabling our underwriting, claims and operations teams, as well as our business partners, with the speed and efficiency delivered via Duck Creek OnDemand, MRSI is positioning itself for significant growth.”
The technology vendor said that OnDemand will offer MRSI a completely new approach to competing in today’s industry.
Duck Creek chief product and technology officer Andy Dey said: “All insurers focus on speed-to-market as a differentiating factor.
“But what MRSI has accomplished is truly unprecedented – they have built a fully-operational business offering from the ground up in less time than many insurers, still tied to legacy systems, take to make a small change to a single insurance product. Duck Creek is excited to support MRSI in this exciting endeavor and help them as their offerings grow and expand.”