Pearl News
Pearl Goes Live with Duck Creek
Tuesday, August 07, 2007 at 10:13:02 AM
Duck Creek Technologies' Inc., a provider of policy administration solutions for the insurance industry, today announced that Pearl Insurance, an Illinois-based marketer, broker, and administrator, has purchased and implemented Duck Creek's EXAMPLE Platform® to support its Real Estate Errors and Omissions (E&O) Insurance program.
Pearl launched its new Duck Creek system in June and is pleased to be able to offer small real estate firms a fully automated process for their E&O insurance. With the Duck Creek solution, Pearl's qualified real estate customers are able to submit an E&O application, obtain a quote, and purchase coverage—all via the web; resulting in a highly cost-effective new business process. Included in Pearl's online application is a fully integrated consumer-facing portal, a component of the Pearl Application Center found at www.pearlinsurance.com.
Pearl plans to continue to expand its use of the Duck Creek solution by taking advantage of the system's policy administration capabilities; including cancellations, reinstatements, out of sequence endorsements, and renewals.
"Pearl has been committed to providing our customers with a quick, easy-to-use, web-based insurance process for some time—the capabilities of the EXAMPLE Platform® were a perfect fit for that goal," said Lori Johnson, CIO of Pearl Insurance. "The pairing of Duck Creek's great product development tools with the creation of our web-based portal allowed us to quickly get this new online sales channel to market and enhance the purchase experience for our customers."
"We're pleased to be able to provide Pearl Insurance with the solutions to quickly and efficiently offer their product and processes to customers via the web," said Wendy Corman, Senior Vice President - Business Development and Marketing at Duck Creek. "The EXAMPLE Platform® has proven to be an especially good fit for our specialty lines customers."
About Pearl Insurance Pearl Insurance is ranked among the top direct marketing third-party administrators in the United States and is part of the Pearl Companies, a privately held, multifaceted organization located in Peoria Heights, Illinois. Pearl Companies also includes Pearl Technology, Pearl Benefits, Pearl Automotive, and Pearl Carroll & Associates LLC—an Albany, New York-based facility that manages insurance programs for organizations located in the eastern United States. For more information, visit www.pearlinsurance.com.
About Duck Creek Technologies Duck Creek Technologies is a software and services company that is changing the rules of the insurance business by accelerating the ability to achieve the industry vision of "Product in a Day." The EXAMPLE Platform® enables insurance carriers to rapidly define, develop, deploy, and manage their insurance products and services—for any line of business. Duck Creek's customers use the Platform's flexible Service-Oriented Architecture for product definition, rating and underwriting, submission processing, policy management, and legacy migration.
Duck Creek is one of America's fastest-growing private companies, appearing on the Inc. Magazine "Inc. 500" list for the past two consecutive years. Founded in 2000, the company is headquartered in Bolivar, Missouri, and has offices in Farmington, Connecticut, and Columbia, South Carolina.
For more information, visit www.duckcreektech.com or call 800-889-8401.
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