Duck Creek Insurance Rating Systems
Elevate your product portfolio with Duck Creek Rating, the innovative, low-code insurance rating system designed to create competitive insurance products swiftly and efficiently.
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Product Innovation Made Easy
The competitive insurance market requires insurers to be agile in product development and rate setting for market responsiveness.
Duck Creek Rating transforms this process with its low-code, adaptable platform, accelerating the creation and modification of insurance products. This solution, functional both standalone and with Duck Creek Policy, streamlines product design through user-friendly tools for rates, rules, forms, UI, workflows, and underwriting rules, keeping your offerings competitive.
Why Duck Creek Insurance Rating?
Accelerate Product Launches
Speed market entry by evolving products from existing definitions with our inheritance model.
Simplify Product Lifecycle
Standardize lifecycle support with low-code tools for efficient product development and maintenance.
Enhance Pricing Strategies
Utilize “what-if” modeling to optimize rate changes and underwriting for your business objectives.
Insurers’ Go-to SaaS Rating System
750K
Quotes processed in a day
140+
Insurance products in production
45
Days to go live with pre-defined commercial products
Rating Features
Optimize product management with standardized tracking and tools. Ensure quality and consistency across development stages.
- Requirement gathering through product definition scripts.
- Task assignment automation and progress monitoring.
- Testing, approval progress, and documentation automation.
Accelerate product updates with low-code tools for swift, business-friendly configurations.
- Configurable by both business and IT.
- Single change point for reused definitions across systems.
- Supports across personal, commercial, and specialty lines.
- Real-time testing capabilities.
Assess the impact of changes beforehand with advanced modeling tools.
- Book of business and workflow impact modeling.
- Targeted modeling with watchpoints.
- Excel summary and real-time dashboards for results.
- Data point override for scenario exploration.
Enhance speed to market with structured product inheritance across business lines.
- Customizable inheritance structures.
- Multi-level inheritance flexibility.
- Full product definition inheritance.
- Visible inheritance structure and field usage.
Meet consumer demands with flexible and innovative insurance product designs.
- Wide support across commercial, personal, and specialty lines.
- Tax, fee, and surcharge calculations.
- Supports forms triggering rules.
- Integrates analytics and AI into rating algorithms.
Leverage preconfigured content for rapid product development and faster market entry.
- Support for ISO, AAIS, NCCI, and more.
- Circular updates for bureau-based commercial lines.
- Line of business kits for personal and specialty.
- Integrations with key rating data providers.
What Our Customers Say
“The rating engine was something that stood out for Duck Creek over the competitors that we looked at. And once we got into the decision process, we took it a step further and did a proof of concept with Duck Creek. And that really sold us.”
Eric Crockett
VP Information Technology
What Analysts Say About Duck Creek Rating
Duck Creek was one of only two named Luminaries in the report, which is our highest designation. Not only does the distinction celebrate the most advanced technology in the rating space, but it also recognizes the solutions with the most expansive functionality. Duck Creek’s solution ranked high in both categories.
Karlyn Carnahan, Head Of Insurance, Celent
Partner Ecosystem Integrations
Discover the comprehensive partner ecosystem that Duck Creek Insurance Rating System offers, featuring numerous integrations with technology providers specializing in different billing lifecycle use cases.
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.
Have a Question?
Our technology experts are ready to help. Let us know what question you have and we’ll respond promptly with answers.
