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ITA Pro Weekly, March 15, 2019

Portage Insurance, Duck Creek, and a LOT more news from ITA

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Hot Off the Presses!

Portage Mutual Insurance Selects OnBase to Meet Digital Transformation Strategy


Portage Mutual Insurance, a leading mutual insurance provider in Canada, has selected Hyland’s OnBase enterprise information platform as part of its digital transformation strategy. Portage Mutual Insurance selected OnBase because of its reputation as a leading provider of content services for the insurance industry and partnership with Guidewire. The mutual insurer will install OnBase in tandem with Guidewire ClaimCenter™ to enhance claims management capabilities.

“When searching for a content services platform, we did our due diligence to analyze the market to select the right vendor that will help us meet our needs now and into the foreseeable future,” said Randy Owens, director of marketing, brand and sales at Portage Mutual Insurance. “Hyland came out on top of our analysis for many reasons, including its impeccable reputation in the industry and the sophisticated integration between OnBase and Guidewire’s suite of products."

For more information, click on the press release here.

 

Duck Creek Technologies Reports
Accelerated Growth of SaaS-Delivered
Enterprise Software Solutions


Duck Creek Technologies, a provider of SaaS-delivered enterprise software to the property & casualty insurance industry, reported that bookings related to its SaaS solutions exceeded projections for the first two quarters of the company’s fiscal year 2019, with nine customers taking delivery of their Duck Creek applications via Duck Creek OnDemand, the provider’s SaaS solution for the P&C insurance industry. Six of the nine contracts were for core systems, and the remaining three involved the addition of new digital engagement and business intelligence capabilities. The company’s second quarter ended on February 28th.
 
“In the first two quarters of our fiscal year, we’ve seen tremendous confidence in SaaS in the marketplace,” said Eugene Van Biert, Duck Creek’s Chief Revenue Officer. “Every year, we see significant growth above and beyond the year before, and with the number of insurers opting for SaaS delivery at this point, I think it is safe to say that carriers now realize that SaaS is the future of P&C insurance.”

For more information, click on the press release here.

 
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