NEW YORK; Jan 26, 2015 – Accenture (NYSE: ACN) has been positioned as a “Leader” in Gartner’s “Magic Quadrant for Property and Casualty Insurance Policy Management Modules, North America” for its Duck Creek Policy software1. The report focuses on North American vendors that have demonstrated an ability to scale their solutions by supporting the business needs of Tier 1-3 multiline insurers.
“Insurers buying these solutions are typically not interested in acquiring development platforms that will still require that they invest substantial effort in designing and implementing new policy core processing capabilities. Instead, they are generally seeking vendors that offer mature policy management modules (and complementary systems) with comprehensive functionality and out-of-the box-content, and that have a proven track record of supporting relevant LOBs and – increasingly – a proven ability to support rapid implementations,” wrote Jeff Haner, Gartner analyst and report author.
“To be named by Gartner as a leader in policy management solutions is an exceptional achievement by Accenture,” said Patti Griffin, Global Product Lead at Accenture Duck Creek. “We have continued to evolve our highly configurable software to better serve the needs of our clients and see this recognition as confirmation that our efforts, such as Software as a Service options and Insurance Services Office and National Council on Compensation Insurance templates, continue to meet market demand.”
Accenture Duck Creek Policy is one component in the Accenture Duck Creek suite of software that also includes rating, billing and claims solutions. Each component can be implemented independently or combined for an integrated approach to manage all aspects of the property and casualty insurance lifecycle. Accenture Duck Creek Policy software can be provided via an on-premise license or as a hosted service.
1 Gartner, Inc. “Magic Quadrant for Property and Casualty Insurance Policy Management Modules, North America,” by Jeff Haner, 23 December 2014
Accenture is a global management consulting, technology services and outsourcing company, with more than 319,000 people serving clients in more than 120 countries. Combining unparalleled experience, comprehensive capabilities across all industries and business functions, and extensive research on the world’s most successful companies, Accenture collaborates with clients to help them become high-performance businesses and governments. The company generated net revenues of US$30.0 billion for the fiscal year ended Aug. 31, 2014. Its home page is www.accenture.com.
Accenture Duck Creek is a software suite offering comprehensive, full-featured property & casualty insurance software and SaaS solutions. Its configurable solutions are designed to work as a full end-to-end suite or as individual standalone components that adapt quickly and seamlessly to handle the unique needs of insurers of all sizes. Duck Creek software enables carriers to make better decisions in a real-time environment, streamline operations and improve their level of customer service. For more information, visit www.accenture.com/duckcreek.
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
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