Dovetail Insurance and Duck Creek Technologies Announce Strategic Relationship
New York | April 11, 2017
Dovetail Insurance, an innovative provider of insurance services to the small commercial market and a subsidiary of Marsh, a leading insurance broker and risk advisor, announced today that it has entered into a strategic relationship with Duck Creek Technologies, a leading provider of technology services for the insurance industry.
Duck Creek will assume responsibility for managing and developing the technology underlying Dovetail’s proprietary platform. Dovetail’s platform enables independent insurance agents to deliver better, more efficient service and an expanded product selection to their clients, while providing insurance carriers with a new channel to distribute their products. The relationship with Duck Creek will provide Dovetail with increased technology resources and the capability to scale its business more rapidly.
“Duck Creek’s sophisticated technology will enhance the speed and quality of our service delivery,” said Dovetail Insurance CEO Rich Drab. ”We believe that this strategic relationship is a win-win for carriers, agents and their clients.”
“The pace of innovation in insurance distribution continues to increase as technology plays a greater role,” said John Drzik, president of Global Risk & Specialties at Marsh. “Dovetail’s strategic relationship with Duck Creek accelerates our ability to bring new and better solutions to the small commercial market.”
“Working with Marsh and Dovetail on this initiative brings together many of the aspects that make Duck Creek unique — a deep understanding of the P&C marketplace and its potential for innovation; modern, highly configurable software that is inherently built for change; and the ability to get carriers and their partners to the cloud quickly and in a model that best supports their strategy,” said Curt Stevenson, Chief Digital Officer of Duck Creek Technologies. “We’re also thrilled to help advance a technology platform that better meets the needs of the burgeoning small commercial marketplace.”
Marsh is the world’s leading insurance broker and risk adviser. With over 35,000 colleagues operating in more than 130 countries, Marsh serves commercial and individual clients with data driven risk solutions and advisory services. Marsh is a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), the leading global professional services firm in the areas of risk, strategy and people. With annual revenue over US$15 billion and 75,000 colleagues worldwide, MMC helps clients navigate an increasingly dynamic and complex environment through four market-leading firms: Marsh, Guy Carpenter, Mercer, and Oliver Wyman. Follow Marsh on Twitter @MarshGlobal; LinkedIn; Facebook; and YouTube, or subscribe to BRINK.