Carpe Data, a next-generation online data provider for insurers, has partnered with intelligent solutions provider Duck Creek to integrate Carpe Data’s ClaimsX and Minerva products into Duck Creek’s claims and underwriting platforms.
Duck Creek Claims is a comprehensive claims management solution that aims to help insurers manage the entire claims lifecycle.
According to Duck Creek, this partnership will provide Duck Creek’s customers with access to Carpe Data’s extensive range of actionable insights. This will help insurers to reduce instances of fraud, automate and expedite decision-making processes, improve pricing strategies and make more informed underwriting and claims decisions.
Further, the partnership will also enable information to flow directly into a core system, which allows an insurer to recognise and unlock the full potential of its data.
Max Drucker, CEO of Carpe Data, said, “Implementing datasets and protocols to combat fraud, eliminate waste and streamline processes can be a daunting and time-consuming challenge.
“We are excited to collaborate with Duck Creek to make our Minerva and ClaimsX products available into their existing platforms and workflow. Through this partnership, customers will be able to unlock the full potential of their data and make more informed decisions that will ultimately enhance their bottom line.”
Elaine Rogalla, director, product management at Duck Creek Technologies, added, “We consider Carpe Data as an innovator in delivering innovative and actionable insights to the insurance industry. We share their commitment to driving innovation, agility and efficiency within the industry and are thrilled to welcome them into our growing ecosystem of partners. We together look forward to identifying areas for customers to harness the power of their data in the future.”
Earlier this year, Duck Creek completed its acquisition of global investment firm Vista Equity Partners.
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