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Duck Creek Technologies taps into India’s insurance market

By Gloria Mathias

August 11, 2023

  • APAC
  • Billing
  • Claims

Duck Creek Technologies, Insurance, InsurTech, General Insurance Market, APAC, India, HDFC ERGO, FinTech, Global Fintech newsDuck Creek Technologies has announced its expansion into the Indian general insurance market, offering its Global Core Technology Platform to India-Based Insurance Carriers.

With this strategic expansion, Duck Creek Technologies will offer India-based insurers the ease, convenience, and power of modern cloud-based software-as-a-service (SaaS), delivered as a full suite of capabilities or as stand-alone solutions.

In partnership with its core systems full-suite India-based insurance customer HDFC ERGO, Duck Creek will deploy its intuitive, user-friendly, and powerful solutions to empower HDFC ERGO to take new products to market faster and significantly improve their customers’ experience.

The Company claims that its products and solutions will holistically bring an advantage to HDFC ERGO across its entire system, portfolio and operations.

Speaking about the partnership, Sriram Naganathan, President and Chief Technology Officer, HDFC ERGO General Insurance said, “As a leading insurer of the country, at HDFC ERGO, it has been our priority in adopting innovative technologies to address the evolving demands of our customers and offer them an enhanced customer experience. Being a digital insurer of scale, our partnership with Duck Creek Technologies India LLP is a crucial step towards unlocking the full potential of HDFC ERGO’s wide insurance solutions and enabling us to offer efficient delivery and more convenience for our customers. Duck Creek’s SaaS solution will empower our advanced AI/ML models, providing essential digital capabilities to meet the critical needs of our customers and partners.”

Duck Creek will offer its suite of SaaS-based core insurance delivery solutions, including policy, claims, billing, rating, and reinsurance, to help Indian general insurers innovate and modernize their products and services.

“Duck Creek is truly excited to enter the Indian insurance market with our global solutions. We want to empower insurance companies in India with hyper-personalized insurance solutions that help customers buy or service insurance from any device and anytime. Customers from all parts of India can feel secure knowing they are covered and can raise claims anytime,” said Shaji Sethu, Managing Director APAC, Duck Creek Technologies.

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