DUCK CREEK TECHNOLOGIES HONOURS INNOVATION CHAMPIONS AT FORMATION ‘24 HATCH-A-THON

KUALA LUMPUR, May 24 (Bernama) -- Duck Creek Technologies, the intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, has announced the winners of its annual Hatch-a-Thon at Formation '24.

Out of numerous entrants, solution partner expert.ai and systems integrator Cognizant emerged as the champions, showcasing their groundbreaking solutions dedicated to simplifying the insurance industry.

“Duck Creek’s unwavering commitment to propelling advancements and simplifying complexity in the global property and casualty and general insurance industry is reflected in its dedication to fostering innovation and collaboration.

“Through events like the Hatch-a-Thon and our robust partner ecosystem, Duck Creek is able to drive novel advancements for our customers,” said its Senior Vice President, Product Strategy & Innovation, Luis Amadeo in a statement.

This year's winning solution partner team from expert.ai presented their groundbreaking solution, Medical Treatment Compliance with Q&A claims, which helps teams enhance treatment for injured patients and reduce insurers’ costs by flagging non-compliant provider plans against guidelines.

Meanwhile, the victorious systems integrator team from Cognizant showcased their impressive creation, Nextgen Claim Assistant, which empowers loss adjusters to generate contextual responses with meaningful insights to accelerate decisions and quick claim settlement.

Duck Creek Technologies witnessed an impressive array of entries in its third year of inviting external ecosystem participants and conference attendees to the Hatch-a-Thon.

The event brought together its internal teams and developer community to hatch new ideas to further simplify the complexity and foster innovation within the insurance industry.

It encouraged ecosystem partners to present ideas focused on maintaining the human touch in the industry, exploring synergy within insurance operations, and integrating technologies for an enhanced customer experience.

The Hatch-a-Thon marathon garnered a substantial 40 entries, each evaluated closely by Duck Creek's Innovation Anywhere committee, and based on criteria such as innovation, product impact, business impact, and execution.

-- BERNAMA