Duck Creek Technologies, an intelligent solutions provider looking to define the future of property and casualty (P&C) insurance, has been selected by Silicon Valley telematics startup, Novo Insurance, as its technology platform of choice for policy, billing, insights, and data hub solutions.
Duck Creek Claims is a comprehensive claims management solution that aims to help insurers manage the entire claims lifecycle.
Novo Insurance is a subsidiary of the parent company Telenav, a leading provider of connected car and location-based software and services. Its software runs on tens of millions of vehicles from some of the world’s largest automotive manufacturers.
Duck Creek OnDemand enables Novo Insurance to bring its auto insurance products to market more quickly using its low-code and configurable open architecture platform.
The Silicon Valley startup is currently looking to launch in multiple states in 2023 offering daily route recommendations by looking at real-time road intelligence, live data updates, and historical safety scores by leveraging powerful analytics based on Novo’s extensive Location Based Services capabilities.
Jess Keeney, chief product and technology officer at Duck Creek Technologies, said, “Novo is quickly bringing auto insurance innovations to US consumers using their rich location-based technology,” said “As a start-up operation, Novo Insurance recognized that Duck Creek’s modern cloud solutions are market-leading and trusted. With simplified low-code configuration, they saw that we will get them where they want to be across their US and global markets quickly and efficiently.”
Sal Dhanani, COO and co-founder of Telenav, added, “Duck Creek is known for their excellence in their SaaS-based core systems and provide the highest level of quality and performance. By partnering with them, we are able to launch new products quickly, reach new customers, and provide differentiated consumer experiences.”
Earlier this year, Duck Creek Technologies completed its acquisition of global investment firm Vista Equity Partners.
Keep up with all the latest FinTech news here.
Copyright © 2023 FinTech Global
