Duck Creek Technologies has launched a reinsurance platform aimed at reducing claims leakage, improving recoverables, and accelerating financial close processes for insurers managing complex programs.
The release, Duck Creek Reinsurance with Active Delivery, introduces capabilities tied directly to financial performance across reinsurance operations. The platform includes tools designed to increase recoverables, reduce leakage, and speed up collections, with the aim of improving cash flow and shortening reporting cycles.
In addition, it claims to enable faster financial close through automated reporting and standardized data processes. The system provides real-time visibility into contracts, exposures, and recoverables across treaty, facultative, assumed, and retrocession arrangements, supporting contract certainty and audit requirements.
This focus reflects ongoing pressure on insurers to improve capital efficiency and reporting accuracy, particularly in reinsurance structures that span multiple counterparties and jurisdictions.
Duck Creek said many insurers continue to rely on spreadsheets and disconnected systems to manage reinsurance programs. These setups can limit transparency and delay reconciliation, contributing to claims leakage and extended close timelines.
The new platform replaces these processes with rules-based automation and workflow management designed for reinsurance operations. It standardizes activities across underwriting, finance, and reinsurance teams while allowing shared access to a single data environment.
The system also supports omnichannel access, enabling coordination between functions that typically operate across separate systems.
The focus on financial outcomes in the reinsurance release also aligns with Duck Creek’s work in payments infrastructure.
Celine Thierry, senior director of product management for reinsurance at Duck Creek Technologies, said the platform introduces additional functionality and control within reinsurance operations.
"We are excited to introduce Duck Creek Reinsurance with Active Delivery, which brings a new level of functionality and control to reinsurance operations," she said. "By eliminating upgrade cycles and enabling continuous delivery, insurers can respond faster to market changes, improve financial outcomes, and focus on optimizing risk strategies and driving growth, rather than maintaining legacy systems."
For insurers managing reinsurance programs, the release targets operational areas tied to financial accuracy and reporting speed, where manual processes and fragmented systems continue to affect performance.
