Larsen & Toubro Infotech, a global technology consulting and digital solutions company today announced on Thursday it has been selected by Utica National Insurance Group for Duck Creek Policy System implementation.
Utica National is a P&C insurance carrier that ranks among the top 100 insurance organizations in the United States. It is also the second-largest insurer of agents’ errors and omissions (E&O) business in the United States.
This engagement will empower the transformation initiative of Utica National’s commercial lines by:
1. Implementing Duck Creek Policy for five lines of business across 17 states
2. Migrating existing policies from the Mainframe system to Duck Creek CL Edge platform
3. Faster time to market by leveraging several proprietary accelerators from LTI
4. Integration with 20+ internal and external systems
5. Ensuring ISO Compliance
The new system will support all activities across policy life cycle such as new business, conversion renewals, real renewals, short-term policies, amendments, cancellations, rewrite, reinstate, DNR, reverse DNR, GL audits, proposal print and policy print.
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