Duck Creek Technologies announces acquisition of Risk Control Technologies

By Gloria Mathias

Duck Creek Technologies, the intelligent solutions provider of property and casualty (P&C) insurance, has acquired Risk Control Technologies, Inc. (RCT), a Toronto-based provider of risk management and loss control solutions.

This investment reshapes how insurance carriers prevent loss and manage risk, enabling the deployment of advanced AI and machine learning capabilities at the forefront.

“As the world faces increasing risks, whether from climate change, cyber threats, or other emerging challenges, having advanced tools to manage these exposures is crucial. Risk Control is a leader in not only identifying potential loss but preventing it through preemptive risk mitigation,” said Mike Jackowski, CEO of Duck Creek Technologies. “In addition to sharing Duck Creek’s core values, Risk Control’s leadership and team members bring a wealth of insurance knowledge and experience. Together, we will help insurers work closely with their policyholders to prevent losses, improve safety, and better prepare for the future.”

The RCT RiskHub platform will enhance the Duck Creek SaaS suite of insurance technology products, further increasing Duck Creek’s ability to improve underwriting accuracy, optimise claims processes, and reduce overall risk exposure. By integrating RCT’s solution into the Duck Creek Technologies platform, insurance carriers will have rich predictive capabilities, enabling them to manage underwriting risks better and maximise an efficient, integrated policy and claims management experience.

“Being part of Duck Creek Technologies will strengthen our goal to help carriers optimise and increase risk-data coverage across their entire business,” said David Da Costa, CEO of Risk Control Technologies. “We are excited to be part of Duck Creek and to work jointly to deliver modern technology innovations that transform the insurance industry and help insurers strengthen their customer engagements, and drive impactful operational efficiencies. We look forward to this new chapter and the enhanced capabilities we can now offer to the market as part of the Duck Creek family.”

RCT’s loss control and risk assessment platform will be seamlessly integrated with Duck Creek’s comprehensive suite of products to enable data-driven decisions for all stakeholders to improve proactive risk mitigation.