BOLIVAR, Mo., Jan. 19 /PRNewswire/ -- Duck Creek Technologies, Inc. (Duck Creek), a leading provider of software and services for the Property & Casualty (P&C) insurance industry, announces the 2009 worldwide licensing of nine new customers for Duck Creek's Rating and Policy Administration systems and four for Duck Creek's Billing system. In addition to increased US market share, Duck Creek has experienced global growth with new customers in the United Kingdom and Canada. The company also experienced expansion of its product footprints, new products and additional lines with existing customers.
The new licenses not only represent geographic diversity but also markets served, sizes, lines of business and distribution channels. The flexible, next-generation systems include Duck Creek Rating™, Duck Creek Policy Administration™ and Duck Creek Billing™ products on an integrated platform for personal, commercial and specialty lines of business.
Further reinforcing Duck Creek's popularity with Tier 1 carriers, three of the new customers have Direct Written Premiums of greater than USD$1 billion dollars.
"In this soft market, carriers are looking to expand into new target markets and need the flexibility to introduce innovative insurance products quickly. Our strong sales in 2009 show that carriers are moving away from legacy products to modern, flexible technologies and are using Duck Creek products as growth enablers," said Duck Creek President and Chief Executive Officer Steve Hall. "We are excited about this response from the market and look forward to further demonstration of our commitment to our customers' success and market leadership."
About Duck Creek Technologies, Inc.
Duck Creek is a leading provider of software and services to the insurance industry, providing next-generation rating, policy administration, product configuration and definition and billing for the Property & Casualty and Healthcare insurance markets. Duck Creek is dedicated to enabling customers to develop insurance products and to sell and service those products in their chosen markets with unprecedented speed to market, flexibility, reach and quality. Founded in 2000, Duck Creek is headquartered in Bolivar, Missouri, and has multiple offices within the United States, with its affiliate and licensing partner in Europe, the Middle East and Africa, Duck Creek Technologies Europe Ltd., headquartered in London. For more information, visit www.duckcreektech.com or call 866-382-5832.
Duck Creek™ is a trademark of Duck Creek Technologies, Inc.
SOURCE Duck Creek Technologies, Inc.