Mindtree and Duck Creek Collaborate with UPC Insurance to Drive its Digital Transformation Initiative Forward
AsiaNet 89193
WARREN, N.J. and BANGALORE, India, April 26, 2021 /PRNewswire=KYODO JBN/ --
- UPC Insurance to provide enhanced customer experience through SaaS-based
core systems and its new flagship InsurTech company, Skyway Technologies
Mindtree [https://www.mindtree.com/], a leading digital transformation and
technology services company, has partnered with Duck Creek
[https://www.duckcreek.com/] to improve customer experience for UPC Insurance
customers through the implementation of SaaS-based core systems. This includes
policy, billing, claims, data insights, and insurance technology solutions as
well as the consolidation of multiple applications on a single integrated
platform, made possible with Duck Creek OnDemand, the provider's SaaS solution
for the property and casualty (P&C) insurance industry.
UPC Insurance [https://www.upcinsurance.com/] is a premier specialty
underwriter of catastrophe exposed property insurance in the coastal U.S. for
personal and commercial properties. With heightening customer expectations
around fast and convenient processing of claims, UPC Insurance has successfully
modernized its IT systems so that they can improve operational efficiencies and
process claims in a matter of minutes instead of hours.
"Our partnership with Mindtree and Duck Creek has led to the launch of our
latest company, Skyway Technologies. Skyway.com will offer Direct-to-Consumer
personal lines homeowners' products, allowing for a true multi-channel
experience for UPC customers" said Chris Griffith, President of Skyway
Technologies and CIO of UPC Insurance. "By accelerating our digital
transformation efforts, with help from experienced partners like Mindtree and
Duck Creek, we are able to adapt more quickly and bring innovation to our
customers along the coast."
Digitally-enabled, UPC Insurance provides customers with faster intake of
first notice of loss (FNOL), touchless claims handling, enhanced payment
capabilities including digital payments, and improved customer service on its
self-service channels. Additionally, new product launches and product updates
can now happen in weeks vs. months. Leveraging analytics across the
organization, UPC Insurance can take an insights-driven approach to optimizing
customer experiences, gaining competitive advantage.
"We applaud UPC Insurance for taking bold new initiatives to become the
premier carrier of catastrophe insurance in the U.S. and modernizing its core
systems to achieve its digital transformation objectives," said Venu Lambu,
Executive Director and President, Global Markets, Mindtree. "Together with Duck
Creek, we are able to ensure on-time, on-budget delivery of solutions –
allowing UPC Insurance to deploy new products at the speed of business, and to
provide its customers with an improved digital experience."
"This digital transformation represents a significant step forward for UPC,
and is yet another signal that evergreen SaaS technologies are the new standard
in P&C insurance," said Matt Foster, COO of Duck Creek Technologies. "Duck
Creek OnDemand will let UPC focus on offering the new products and customer
experiences its policyholders expect – while our team provides all the
services, support, and computing resources it needs to forge ahead in an
increasingly competitive marketplace. Together with Mindtree, we are proud to
congratulate UPC on this important milestone in its continued growth and
success."
About Mindtree
Mindtree (NSE: MINDTREE) is a global technology consulting and services
company, helping enterprises marry scale with agility to achieve competitive
advantage. "Born digital," in 1999 and now a Larsen & Toubro Group Company,
Mindtree applies its deep domain knowledge to 270 enterprise client engagements
to break down silos, make sense of digital complexity and bring new initiatives
to market faster. We enable IT to move at the speed of business, leveraging
emerging technologies and the efficiencies of Continuous Delivery to spur
business innovation. Operating in 24 countries across the world, we're
consistently regarded as one of the best places to work, embodied every day by
our winning culture made up of over 23,800 entrepreneurial, collaborative and
dedicated "Mindtree Minds."
To learn more about us, visit www.mindtree.com or follow us @Mindtree.
About Duck Creek Technologies
Duck Creek Technologies (NASDAQ: DCT) is a leading provider of core system
solutions to the P&C and General insurance industry. By accessing Duck Creek
OnDemand
[https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.duckcreek
.com%2Fproduct%2Fduck-creek-ondemand%2F&esheet=52389528&newsitemid=2021030200615
4&lan=en-US&anchor=Duck+Creek+OnDemand&index=7&md5=ab641ae4bb33516fd5d9896f52f9a
359], the company's enterprise Software-as-a-Service solution, insurance
carriers are able to navigate uncertainty and capture market opportunities
faster than their competitors. Duck Creek's functionally-rich solutions are
available on a standalone basis or as a full suite
[https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.duckcreek
.com%2Fproduct%2Fduck-creek-suite%2F&esheet=52389528&newsitemid=20210302006154&l
an=en-US&anchor=full+suite&index=8&md5=1474f8242c850ed161e7817adaf78ee8], and
all are available via Duck Creek OnDemand. For more information, visit
www.duckcreek.com.
About UPC Insurance
Founded in 1999, UPC Insurance is an insurance holding company that
sources, writes and services personal and commercial residential property and
casualty insurance policies using a group of wholly owned insurance
subsidiaries through a variety of distribution channels. The Company currently
writes policies in Connecticut, Florida, Georgia, Louisiana, Massachusetts, New
Jersey, New York, North Carolina, Rhode Island, South Carolina and Texas. From
its headquarters in St. Petersburg, UPC Insurance's team of dedicated
professionals manages a completely integrated insurance company, including
sales, underwriting, customer service and claims.
For more information, contact: media@mindtree.com
Source: Mindtree
Logo: https://mma.prnewswire.com/media/1004066/Mindtree_Logo.jpg
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