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Duck Creek partners with DataCede to provide comprehensive reinsurance administration solution to P&C insurers

Published 18 July 2017

Duck Creek Technologies has expanded its global alliance program by entering into a new partnership with reinsurance solution provider DataCed, a leading reinsurance solution provider.

DataCede’s cloud-based CedeRight reinsurance solution automates processing and administration of reinsurance activities for P&C insurers worldwide.

“Historically, the processing and management of reinsurance has been highly manual or mired in inflexible legacy applications,” said Phil Masin, EVP, Sales & Operations at DataCede. “CedeRight changes all of that, automating a full range of reinsurance processes and placing the latest analysis and reporting capabilities at companies’ fingertips. And all of this on a Software as a Service delivery platform, reducing the cost and business disruption associated with a traditional on-premises implementation. Small and mid-sized insurers can quickly move to managing their reinsurance business, rather than focusing on implementation.”

Duck Creek’s Global Alliance Program comprises delivery, solution, and technology members who play a crucial role in providing complementary software services and solutions to insurers of all sizes. DataCede’s extensive domain and technical expertise will benefit P&C carriers looking to automate processing and administration of reinsurance activities. It’s easy-to-use functionality supports complex reinsurance structures, including assumed, ceded, facultative, and treaty, with fully automated calculations, processes, and billing, operational reporting, and analytics.

“To serve the needs of our customers covering the complex reinsurance market it was imperative to align with a partner that had a proven comprehensive solution,” said Eddie Jones, Vice President of Strategies and Alliances at Duck Creek Technologies. “The CedeRight solution gives insurers the automation they need to easily access data to make informed decisions quickly, and to better and more simply manage their reinsurance exposures.”



Source: Company Press Release