Aug 13, 2020

InsurTech SaaS provider Duck Creek Technologies launches IPO

Insurtech
Duck Creek Technologies
Lemonade
Goldman Sachs
William Girling
2 min
Integrated SaaS suites could shape the future of InsurTech
Striving to revolutionise insurance-based software, Duck Creek Technologies is hoping to raise USD$375mn for its IPO this Friday (14 August 2020...

Striving to revolutionise insurance-based software, Duck Creek Technologies is hoping to raise USD$375mn for its IPO this Friday (14 August 2020).

As some other markets struggle to maintain economic viability in the wake of the new normal, insurance appears to be holding its ground and in some cases even thriving - in July, for instance, Lemonade’s stock reportedly doubled in value

Boston, Massachusetts-based Duck Creek has been in the market for 20 years, specialising in technology to assist P&C (property and casualty) insurers and with an eye on the latest developments to ensure clients receive cutting-edge solutions for their unique challenges.

Evidently, the company is confident in the insurance industry’s long-term sustainability. Goldman Sachs, JP Morgan, Barclays and RBC Capital Markets have been confirmed as being among the book-running managers for the IPO.

The Duck Creek Suite

A core component of Duck Creek’s product offerings is its Suite, which aims to replace wholesale the disparate legacy system networks still in operation at some insurance companies in favour of a unified group of interconnected services.

Designed to improve consistency, streamline system efficiency and increase transparency, the Suite consists of the following products:

With all services operating harmoniously together, companies are able to gain a holistic view of their business, leading to enhanced customer trust - a vital resource in a world still struggling with the logistical issues of COVID-19.

Regarding the necessity of balancing these core capabilities in the modern insurance sector, Karlyn Carnahan, Head of Americas P&C at FinTech consultancy firm Celent said:

“In this increasingly fast-paced world, carriers are learning that the keys to successful digital transformation are speed of transformation, ease of integration with new digital capabilities, and the ability to use data more effectively.

“Running all core modules from a single vendor can streamline the ability to capture, access, and utilize data more effectively.”

The result of Duck Creek’s impending IPO could be indicative as to whether this vision of digital transformation holds true for InsurTech.

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Jul 23, 2021

The Ultimate FinTech & InsurTech LIVE Event

Fintech
Insurtech
live
event
3 min
Where innovation meets implementation, coming to you live from London

Whether you attend virtually or in person, it will give you the chance to network with C-Level executives, share ideas with industry pioneers, and walk away with actionable, unique insights to bolster your business and career. 

By the end of the three-day event, you will have seen the latest innovations in both FinTech and InsurTech. You will be able to see how companies like yours are tackling the problems that keep you up at night, engage in a community that many struggle to access, and share your ideas with people who care as much as you do. 

Order your tickets now to take advantage of our limited-time Early Bird offer. 

 

How can you attend?

 

In the post-Covid era, not everybody wants to travel for events. So FinTech and InsurTech Live will be completely hybrid. That means you can attend the event in person or virtually - with no disadvantages to people who don’t make the trip to the Tobacco Dock. 

 

In-person

 

FinTech and InsurTech Live is happening in the Tobacco Dock in London, a ten-minute walk from Tower Bridge. For more information on the location, click here

 

Virtually

There’s no need to worry about missing out if you choose not to attend in person. You can still absorb all the information, interact with other attendees and enjoy the conference experience on our virtual platform. 

There will be live feeds from all of the stages (also available on-demand after the event) as well as virtual networking areas. So not being able to travel is no reason to miss your chance to gather with the industry.

 

What’s on the agenda? 

 

With keynote addresses from global leaders, dynamic roundtable discussions, and extensive networking opportunities, FinTech & InsurTech 2021 will expand your network, deliver insight, and enhance your organisation’s reach. 

Across the three-day event, a number of relevant topics and trends surrounding fintech and insurtech will be discussed. 

 

  • Tuesday 14 October - Diversity and Inclusion
  • Racial equality (11:30 am)
  • Supplier diversity (12:00 pm)
  • Sustainability (12:30 pm)
  • Women in fintech (14:30 pm) 
  • Wednesday 15 October - Challenger and neobanks 
  • Cashless society (14:00 pm) 
  • SMEs (14:30 pm) 
  • Thursday 16 October - Adopting new-age digital solutions in the insurance industry (06:00 am)


Influential executives from around the world will give their insights and professional experiences surrounding these topics, allowing you and your company to leave with valuable information. 

The topics surrounding digital transformation should certainly be on the mind of every executive after the events of 2020 and how we all had to adapt to meet customer’s needs. Creating a digital roadmap is key, and making changes to the traditional ways of working. Customers now have new needs, and keeping up to speed with the digital changes, whilst also doing so safely, are important. 

If you want to get leading perspectives on the future of fintech and insurtech, you can purchase your tickets here.

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