The FINANCIAL — NEW YORK — Aspen U.S. Insurance, part of the insurance segment of Aspen Insurance Holdings Limited, has successfully transitioned the processing of some of Aspen’s U.S. Insurance business lines to Accenture Duck Creek property and casualty (P&C) insurance software. This will better support Aspen Insurance’s commercial specialty lines of business in the U.S. market. The new policy and rating platform enables Aspen U.S. Insurance to streamline processes, develop and deliver products to market faster and manage more effectively regulatory compliance filing and reporting, according to Accenture.
“Aspen’s U.S. Insurance operation wanted to upgrade to a platform with deeper reporting and analytical capabilities,” said Michael A. Jackowski, global managing director of Accenture Duck Creek. “The new software will enhance their diversification capabilities and meet the complex regulatory requirements for specialty business lines within the U.S. market.”
“Accenture’s Duck Creek software enables our U.S. business users to proactively manage specific aspects of policy administration,” said John Jankowski, Senior Vice President and Program Delivery Manager for Aspen U.S. Insurance.
Accenture Duck Creek Policy and Rating are two of the core components in the suite of software that also includes billing and claims solutions. Each component can be implemented independently or combined for an integrated approach to manage all aspects of the P&C insurance lifecycle, according to Accenture.
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