Duck Creek Rating
Low-code insurance rating system for agile product creation and competitive pricing.
Overview
Duck Creek Rating is a low-code insurance rating system designed to accelerate the creation and modification of insurance products. It supports product design through tools for rates, rules, forms, UI, workflows, and underwriting rules, enabling insurers to respond quickly to market changes.
The platform supports product lifecycle management with features such as product inheritance, what-if modeling, and comprehensive line of business support across commercial, personal, and specialty lines. It integrates bureau content and rating data providers to streamline product development and maintenance.
Duck Creek Rating is offered as a SaaS solution that processes a high volume of quotes daily and enables insurers to go live with pre-defined commercial products in approximately 45 days, supporting efficient and standardized product lifecycle management.
Key Features
- + Low-code product definition tools for business and IT
- + Product inheritance with multi-level customizable structures
- + What-if modeling with book of business and workflow impact analysis
- + Comprehensive support for commercial, personal, and specialty lines
- + Integration with ISO, AAIS, NCCI, and other bureau content
- + Product lifecycle management with task automation and progress monitoring
- + Real-time testing and scenario exploration capabilities
- + Support for tax, fee, and surcharge calculations