Approximately 370 employees of Duck Creek spread across the U.S. and the U.K. will join Accenture with the completion of Accenture's acquisition of Bolivar, Mo.-based policy administration and rating systems vendor. Duck Creek will become part of Accenture Software, according to an Accenture statement.
"Some insurers are looking for best of breed applications; others want a comprehensive end-to-end suite. All insurers are looking for effective software solutions that can be easily integrated and maintained," observes Donald Light, a San Francisco-based senior analyst with Celent. "The .NET framework shared by Accenture Software and Duck Creek Technologies will facilitate integration and easier maintenance for a strong combined set of claims, policy administration, rating, and billing solutions."
Accenture Software's global director, Colin Davies, characterizes the acquisition as demonstrating Accenture's commitment to offering insurers a full suite of P&C software with independent but interoperable modules that cover all core insurance functions. "The software is designed to address insurers' business requirements while helping reduce implementation time and risk," Davies comments.
John Del Santo, global managing director of Accenture's Insurance practice comments that, "clients will also benefit from continual access to Accenture's ongoing R&D investments into advanced technologies, and can rely on our commitment to providing standard upgradable software, backed by valuable and cost-effective software maintenance services. We are pleased with our clients' excitement and support for this acquisition. Like us, they see how these complementary capabilities can lead to better and faster software implementations and more efficient operations."
Anthony O'Donnell has covered technology in the insurance industry since 2000, when he joined the editorial staff of Insurance & Technology. As an editor and reporter for I&T and the InformationWeek Financial Services of TechWeb he has written on all areas of information ... View Full Bio