Partnership enables faster deployment of telematics-based pricing and connected insurance solutions
CAMBRIDGE, Mass.–(BUSINESS WIRE)–Cambridge Mobile Telematics (CMT), the world’s leading mobile telematics and analytics provider, announced today that it has entered into a partnership with Duck Creek Technologies. The partnership offers the auto insurance market a joint solution that combines Duck Creek’s robust, flexible, and scalable platform with CMT’s industry-leading mobile telematics-based solutions.
The Duck Creek Platform is the technical foundation of best-in-class policy, billing, rating, claims, data insights, digital engagement, and other solutions for the P&C space. CMT uses mobile sensing, IoT, artificial intelligence, and behavioral science to build solutions for top personal and commercial insurers, ride-sharing companies, and mobility providers worldwide. This partnership allows Duck Creek’s customers to rapidly deploy mobile telematics-based business strategies into their business.
“Cambridge Mobile Telematics’ innovative technologies let insurers process claims faster, lower their risk, and improve their customers’ experiences,” said Jeff Wargin, chief product officer at Duck Creek Technologies. “CMT is a fantastic addition to the Duck Creek partner ecosystem.”
Based on a report in 2018 from Ptolemus Consulting Group, a marketing research firm entirely focused on augmented mobility and automation, there has been an increase in insurers seeking telematics in managing risks for their insured drivers.
“One of the major limitations that insurers face when deploying new business strategies is the amount of time needed to manage backend technologies that support innovation,” said Ben Bowne, vice president of partner solutions at CMT. “This partnership allows us to help insurers by removing barriers to build a competitive advantage.”
Duck Creek and CMT’s partnership will enable insurers to create connected insurance business models such as behavior-based insurance, usage-based insurance, mileage-based insurance, and rewards programs. Through Duck Creek Anywhere, Duck Creek’s robust set of APIs, integration methodologies, and partner connectors, insurers can now seamlessly integrate CMT’s solutions to their existing insurance value stream. An Anywhere Enabled Integration for CMT is available now in the Duck Creek Content Exchange.
About Duck Creek Technologies
Duck Creek Technologies paves a genuine path to the future for P&C insurance companies. Decades of insurance experience underpin advanced technologies specifically designed to accommodate change–allowing carriers to navigate uncertainty and capture market opportunities faster than their competitors. Duck Creek solutions are available standalone or as a full suite. All are available via Duck Creek OnDemand, the provider’s SaaS solution for the P&C insurance industry. For more information, visit https://www.duckcreek.com/.
About Cambridge Mobile Telematics
CMT’s mission is to make the world’s roads and drivers safer. Since its first product launch in 2012 that pioneered mobile usage-based insurance, CMT has become the world’s leading telematics and analytics provider for insurers, rideshares, and fleets. CMT’s DriveWell platform uses mobile sensing and behavioral science to measure driving risk and incentivize safer driving, while its Claim Studio reduces the claims cycle time with real-time crash detection, crash reconstruction, and damage assessment using telematics and artificial intelligence. CMT has over 50 active programs with insurers and other partners, improving safety for millions of drivers every day around the world. Started based on research at MIT and backed by the SoftBank Vision Fund to fuel its rapid growth, CMT is headquartered in Cambridge MA. To learn more, visit www.cmtelematics.com and follow CMT on Twitter @cmtelematics.