Greater Than, a global provider of driver crash probability and climate impact intelligence, has joined forces with Duck Creek Technologies, a leading provider of intelligent solutions in the property and casualty (P&C) and general insurance sector. These two FinTech giants are making strides in the world of InsurTech.
The purpose of this strategic partnership is to aid global motor insurance firms in predicting future loss ratios more accurately. By combining their areas of expertise, Duck Creek and Greater Than aim to enhance risk mitigation efforts, facilitate precision pricing, and provide a clearer vision of future loss.
Duck Creek Technologies is known for its innovative, cloud-based SaaS insurance software solutions, which are defining the future of the P&C and general insurance landscape. On the other hand, Greater Than leverages artificial intelligence (AI) to convert GPS driving data into actionable driver impact intelligence, boosting insurance profitability.
Through this alliance, both Greater Than and Duck Creek offer their mutual clients seamless access to integrated software solutions. Greater Than’s pattern AI technology works in harmony with Duck Creek’s software solutions, converting GPS data into crash probability and climate impact insights. The end result is optimised profit and loss forecasting, improved risk mitigation, and enhanced customer engagement opportunities.
“Being able to predict crashes and loss costs before they happen, as well as the climate impact of an entire motor portfolio, is transformational for insurers,” Greater Than Global Director of Insurance and Head of The Americas Jim Noble said. “We’re delighted to collaborate with Duck Creek and provide the ability to integrate the AI that delivers this intelligence into Duck Creek’s industry-leading platforms.”
On a similar note, Duck Creek’s Sr. Partner Manager Robert Fletcher remarked, “Our partnership with Greater Than strengthens Duck Creek’s commitment to empowering insurers by helping them leverage the data that matters most. We’re excited to offer seamless access to Greater Than’s crash probability and climate impact scores to create even more value for our platform and help our customers make profitable decisions based on data-driven predictions.”
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