Accenture (NYSE: ACN) announced that Key Insurance Company has selected Accenture Duck Creek Rating property and casualty (P&C) policy software to support their product development and expansion initiatives. The insurer offers personal automobile coverage in Kansas, Oklahoma, Nevada, Arizona, and Alabama and will use Accenture Duck Creek as its core rating system.
Key Insurance will also use the Accenture Duck Creek Express platform to support web-based quoting for their expanding agency network. Express is Accenture Software’s user interface configuration tool that enables companies to easily deploy multiple, tailored user experiences. Rating, product definition, and the user experience are all managed with a common toolset – a single point of change. This capability gives Key Insurance greater product development flexibility and helps accelerate the product implementation process as they move to write in additional states.
“Our focus is on providing the best service to both our customers and agents,” said Ed Sitz, IT Manager, Key Insurance. “We had two priorities in our software selection – making product development and maintenance easier and giving agents faster and more direct access to those products. Our extensive vendor evaluation process made it clear that no other product in the market could deliver these benefits as well as Accenture Software.”
“We’re pleased that our software was selected by Key Insurance to help support their product development and geographic expansion goals,” said Michael A. Jackowski, global managing director of Accenture Software for P&C Insurance. “With its high velocity rating and rules engine, Accenture Duck Creek Rating can help insurers move quickly into new markets by providing outstanding support to both internal and external users.”
About Key Insurance Company
Key Insurance Company was chartered in June of 2007 as a Kansas domiciled, admitted carrier to insure private passenger automobiles. The company is a wholly-owned subsidiary of Med James, Inc., a Managing General Agency and Wholesaler located in Overland Park, Kansas. Med James, Inc. has been providing dependable products and excellent service to its private passenger automobile policyholders since 1991 while operating as a Managing General Agency writing through fronting carriers. The establishment of Key Insurance Company completes our evolution to a linear organization, which includes a field marketing staff, a dedicated in-house information technologies department and specialized claims services required to operate profitably in this class. Key Insurance Company is licensed in Kansas, Oklahoma, Nevada, Arizona and Alabama, with plans for expansion in the near future. Its home page is www.keyinsco.com.
Accenture is a global management consulting, technology services and outsourcing company, with 259,000 people serving clients in more than 120 countries. Combining unparalleled experience, comprehensive capabilities across all industries and business functions, and extensive research on the world’s most successful companies, Accenture collaborates with clients to help them become high-performance businesses and governments. The company generated net revenues of US$27.9 billion for the fiscal year ended Aug. 31, 2012. Its home page is www.accenture.com.
Accenture Software combines deep technology acumen with industry knowledge to develop differentiated software products. It offers innovative software-based solutions to enable organizations to meet their business goals and achieve high performance. Its home page is www.accenture.com/software. For P&C Insurance software, its home page is www.accenture.com/pcsoftware.