31st May 2020

Munich Re Specialty Insurance(MRSI) to modernize technology infrastructure via Duck Creek OnDemand platform
Trend

Munich Re Specialty Insurance(MRSI) has partnered with Duck Creek Technologies to modernize its technology infrastructure with a digital-first, cloud offering via the Duck Creek OnDemand platform.
“The initiative is a key step forward in support of MRSI’s mission to provide exceptional service to our partners, clients and customers,” said Adam Edelstein, coo, MRSI. “By enabling our underwriting, claims and operations teams, as well as our business partners, with the speed and efficiency delivered via Duck Creek OnDemand, MRSI is positioning itself for significant growth.”
“All insurers focus on speed-to-market as a differentiating factor,” said Andy Dey, chief product and technology officer, Duck Creek. “But what MRSI has accomplished is truly unprecedented–they have built a fully-operational business offering from the ground up in less time than many insurers, still tied to legacy systems, take to make a small change to a single insurance product. Duck Creek is excited to support MRSI in this exciting endeavour and help them as their offerings grow and expand.”
OnDemand is Duck Creek’s end-to-end SaaS solution providing all services, support and computing resources needed to help carriers move faster and more efficiently than ever before. Duck Creek OnDemand includes Duck Creek Policy, Duck Creek Billing, Duck Creek Claims, and Duck Creek Insights. By leveraging the best available technology and continuously delivering new functionality to solve ever-changing property and casualty insurance business challenges, OnDemand provides a fundamentally new approach to competing in today’s industry—one where technology supports strategy rather than dictating it, and where carriers are empowered to focus on innovation in entirely new ways.
“Service, speed and flexibility are at the core of our value proposition to the market and we needed a modern technology foundation to deliver on that,” said Edelstein. “Our partnership with Duck Creek enables us to offer our users a world-class experience on a scalable platform.” A full-suite solution, including policy, billing and claims, was implemented by the MRSI and Duck Creek teams in 90 days. “We look forward to our continued partnership with Duck Creek as we build a premier platform for the future.”

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