Duck Creek

Duck Creek Compliance

Made Smart

Compliance Made Smart

Duck Creek Compliance lets you internalize all of your compliance processes to satisfy EU Solvency II directive.

Combining actuarial calculations (Pillar 1) and regulatory reporting at the national and European levels (Pillar 3), Prima Compliance is a secure, all-in-one solution that is always compliant with Solvency II regulations.

Benefits

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Actuarial Calculations

Simulate, and calculate, and MCR ratios required by the Solvency II regulations (Pilar 1). Simple, easy to use, the actuarial calculations module gives you peace of mind when it comes to compliance with European regulatory requirements.

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Regulatory Reporting

Perform internal, national and European regulatory reporting. Equipped with a reliable audit trail, this platform automates reporting and ensures data integrity and complete adequacy with regulators requirements.

Key Features

Risk and solvency calculations made easy.

  • Flexibility
    An extensive library of calculation models is available, including the standard formula (SCR/MCR, counterparty default, catastrophe, market and risk margin), triangle projection, best estimates, annuities, long-term care, funeral and ORSA.
  • Traceability
    For every calculation, the system records all input and output data, the model version, and identification of involved users. With the systematic saving of all calculation parameters combined with workflows and versioning, you can track down the data used to produce a given result with just a few clicks. You can also re-run past calculations.
  • Transparency
    Calculations are executed with full transparency: not only the final results are provided but also many intermediate results. This allows you to fully understand and validate the results produced by Compliance.
  • Integration
    All results are automatically shared with the Compliance Regulatory Reporting module for the production of regulatory and internal reports.
  • Data Quality
    Duck Creek Compliance checks and optimizes data quality through its robust datamart and advanced automation of the reporting process.

The business platform for regulatory compliance for insurance companies.

  • Compliance guarantee
    Experts for more than 30 years in regulatory compliance for insurance professionals, we offer the go-to solution in the business to meet requirements for local regulatory reporting ENS, QRT, ECB, Pension Fonds, AML-CFT.
  • Time savings
    Duck Creek Compliance automates every step in the production of your reporting. Generic inputs allow Duck Creek Compliance to produce set of statements rapidly and securely, insuring data consistency.
  • Autonomy
    The exceptional business expertise of our support teams helps you quickly get up to speed with using Duck Creek Compliance.
  • Auditability
    Duck Creek Compliance is natively designed to meet regulatory requirements for traceability and auditability.
  • Flexibility
    Duck Creek Compliance adapts to regulator changing requirements as a highly customizable solution with various degrees of adaptability and sophistication.

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Frequently Asked Questions

Duck Creek is committed to providing the information you need to solve your insurtech needs. Find answers to common questions below or, if this information isn’t enough, fill out the form at the bottom of the page. Our team will respond with the answers you need.

Can I purchase Duck Creek products as a stand-alone, best-of-breed product, or only as part of a suite of products?

Duck Creek offers you the flexibility to purchase our products either in a stand-alone implementation, as part of an à la carte suite of products, or as a comprehensive suite. Our products are designed to work together or independently, providing you with the choice and flexibility you need.

What are the benefits of buying Duck Creek products as a suite?

Integration: The products are designed to work together seamlessly, providing a more streamlined and efficient experience.
Cost savings: Purchasing products as a suite may offer cost savings compared to purchasing them individually.
Consistency: Using a suite of products from the same company ensures a consistent user experience and reduces the learning curve for new users.

Are Duck Creek products available on the cloud?

Yes – Duck Creek’s products are deployed on Microsoft’s Azure cloud. Our evergreen SaaS (Software as a Service) platform is designed to lower the total cost of ownership for your solution without the need for large IT (Information Technology) teams and expensive upgrades. And with Active Delivery, available for Claims and Policy today and rolling out to all Duck Creek products, when a new version of a Duck Creek product comes out, “feature flags” allow you to accept the update on your terms, and start using the new version when you choose without deploying an IT team to manually update the system.

See It In Action Today

Whether you’re launching a greenfield initiative, changing providers, or looking to make a digital transformation, our multi-faceted team of insurance and technology experts can help get you there.

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Our Locations

HQ – Boston, MA

Bolivar, MO

Columbia, SC

Mumbai, IN

Paris, FR

Sydney, AUS

For General Enquiries

+1-833-798-7789 (U.S.)

+44 800 029 3523 (U.K.)

+61 1800 430 929 (APAC)

For Customers

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