Cognizant (NASDAQ:) leveraged Duck Creek Applied sciences’ cutting-edge coverage administration system to modernize FCCI’s operations and increase the insurance coverage group’s footprint into the Extra & Surplus market
Underneath this collaboration, FCCI and Cognizant have carried out a state-of-the-art coverage administration system that enhances FCCI’s current admitted business property and casualty choices with E&S functionality. The E&S section affords Common Legal responsibility, Extra Legal responsibility, Inland Marine, Crime, and Property and Bundle. The primary two traces went stay in October, and the remaining traces will go stay in early 2025.
“These new E&S traces of enterprise are a big milestone in FCCI’s modernization journey, signaling a serious enlargement of our footprint within the business. Moreover, it marks a pivotal evolution in our enterprise technique,” mentioned
In 2023, as soon as FCCI formally moved to enter the E&S market, Cognizant carried out a radical overview and finally suggested on the expertise resolution choice. At first of 2024, work to implement Duck Creek’s platform started, and the experience of Cognizant’s supply crew in insurance coverage proved essential to the implementation’s pace and tempo. As a premier Duck Creek supply companion, Cognizant centered on the targets of optimizing FCCI’s price buildings, delivering buyer expertise and digital capabilities whereas lowering the dangers and prices related to program implementations.
“We proudly help FCCI’s journey to replace and increase its operations. The profitable implementation of our Coverage with Energetic Supply platform marks an essential milestone for FCCI coming into the Extra & Surplus market. This collaboration underscores our dedication to offering progressive options that allow our shoppers to adapt shortly and ship distinctive service to their brokers and policyholders,” mentioned
“We’re excited to collaborate with FCCI to increase their enterprise into the E&S market and past,” mentioned
About Cognizant
Cognizant (Nasdaq: CTSH) engineers fashionable companies. We assist our shoppers modernize expertise, reimagine processes, and rework experiences to allow them to keep forward in our fast-changing world. Collectively, we’re bettering on a regular basis life. See how at www.cognizant.com or @cognizant.
About FCCI
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About Duck Creek Applied sciences
Duck Creek Applied sciences is the clever options supplier defining the way forward for the property and casualty (P&C) and basic insurance coverage business. We’re the platform upon which fashionable insurance coverage techniques are constructed, enabling the business to capitalize on the facility of the cloud to run agile, clever, and evergreen operations. Authenticity, objective, and transparency are core to Duck Creek, and insurance coverage needs to be there for people and companies when, the place, and the way they want it most. Our market-leading options can be found on a standalone foundation or as a full suite, and all can be found by way of Duck Creek OnDemand.
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