Duck Creek adds Chicago, N.Y. customers

The insurance-software company announced May 30 that it had implemented its Example Platform product for Chicago-based SUA Insurance Co. The program allows SUA to provide general liability and commercial auto products insurance to its partner agents via the Internet. The program is intended to be available to SUA’s retail agents at a later date.

On May 23, Duck Creek announced it had been selected by Melville, N.Y.-based AutoOne Insurance to implement the Example Platform for its personal automobile line of insurance.

Duck Creek Business and Development Officer Wendy Corman, who is based out of the company’s Connecticut office, said the Example Platform product provides computerized insurance rating and policy services. Its cost of implementation ranges from $300,000 to $1.5 million, Corman said.

“(Duck Creek’s) comprehensive rating software package allows us to decrease the amount of time needed to implement rate changes,” said AutoOne Senior Vice President Phil Gibson in a news release. “By lessening the time to implement rate changes, AutoOne increases response time necessary for the ever-changing auto insurance market.”

SUA and AutoOne bring Duck Creek’s total customers to 43.

The 150-employee firm was the third-fastest-growing company in southwest Missouri, according to Springfield Business Journal’s 2006 Dynamic Dozen. Duck Creek posted $10.7 million in 2005 revenues, up from $6.4 million in 2004 and $2.9 million in 2003. Duck Creek also recently ranked No. 63 on the Inc. 500 list of fastest-growing companies.

This story originally appeared in SBJ’s May 30 free e-news Daily Update. Click here to register.