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Average Ratings 0 Ratings

Total
ease
features
design
support

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Write a Review

Description

Duck Creek Reinsurance streamlines and automates the entire reinsurance process by consolidating information associated with contracts, which encompasses treaties, facultative policies, claims, incidents, as well as various financial and technical data. This adaptable solution oversees contracts throughout their lifecycle, including underwriting, endorsements, and renewals, and accommodates multiple currencies and GAAP standards. By efficiently calculating recoveries and swiftly generating reinsurance invoices, it ensures that all claims eligible for coverage are accurately identified, thus fulfilling the objectives of both ceded and assumed reinsurance in terms of risk management and capital optimization. The digital transformation of reinsurance administration empowers finance and risk management teams to utilize data more effectively, facilitating crucial decisions about risk tolerance and enhancing contract discussions. Moreover, the shift towards automation, standardization, and enhanced data transparency eliminates the reliance on cumbersome tools such as spreadsheets and outdated databases, ultimately improving operational efficiency. In effect, this comprehensive approach not only simplifies processes but also fosters a more strategic alignment between risk management and financial objectives.

Description

Optimize your claims disbursements, gain instantaneous insight and oversight, and lower your capital necessities. Regardless of whether your focus is on underwriting, selling insurance products, managing claims, or a combination of these activities, our offerings provide significant advantages to your enterprise. Our system integrates effortlessly with top-tier banking partners, ensuring a secure framework for safeguarding and managing your claim funds, even when outsourced to external parties. By consolidating and optimizing claim funds through Vitesse, you can release as much as 80% of your capital that is currently tied up in claims processes, allowing you to reallocate those resources to other business areas for revenue growth. Our platform facilitates swift, full-value payments in over 180 countries and across various currencies using flexible options like bank transfers, checks, and pay-to-card methods. Furthermore, our solutions are crafted to enhance the capacity of each participant, equipping your organization with a distinct advantage in managing claim funds and boosting operational productivity. This comprehensive approach not only streamlines processes but also paves the way for sustained financial success.

API Access

Has API No 

API Access

Has API No 

Screenshots View All

Screenshots View All

Integrations

Duck Creek Suite Yes 
FurtherAI Yes 

Integrations

Duck Creek Suite No 
FurtherAI No 

Pricing Details

No price information available.
Free Trial No 
Free Version No 

Pricing Details

No price information available.
Free Trial No 
Free Version No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Customer Support

Business Hours Yes 
Live Rep (24/7) Yes 
Online Support Yes 

Customer Support

Business Hours Yes 
Live Rep (24/7) No 
Online Support Yes 

Types of Training

Training Docs Yes 
Webinars Yes 
Live Training (Online) No 
In Person Yes 

Types of Training

Training Docs Yes 
Webinars No 
Live Training (Online) Yes 
In Person Yes 

Vendor Details

Company Name

Duck Creek

Founded

2000

Country

United States

Website

www.duckcreek.com/product/reinsurance/

Vendor Details

Company Name

Vitesse

Country

United Kingdom

Website

www.vitesse.io

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Product Features

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