Duck Creek Technologies Partners with AGMI for Enhanced Payment Solutions
Duck Creek Technologies has announced that Anchor Group Management Inc. (AGMI), a managing general agency specializing in commercial auto insurance, has seamlessly integrated the Duck Creek Payments Facilitator to boost their payment processing capabilities. This strategic decision is set to streamline AGMI's payment operations for both single-vehicle operators and fleet-based policies across multiple states, enhancing payer and provider efficiencies.
Enhanced Payment Processing with Duck Creek Technologies
AGMI, known for its AI-driven solutions and niche insurance offerings in sectors such as passenger transportation and local delivery, will deploy Duck Creek's payment system to offer improved digital payment options. This system is expected to optimize AGMI's cash flow processes and bolster overall operational efficiency while ensuring compliance with regulatory standards.
Scott D. Wollney, President and CEO of AGMI, emphasized the crucial role of effective payment processing: "As a specialty insurance provider in highly transactional commercial auto segments, seamless payment processing is essential." Duck Creek's solution offers real-time disbursements and diverse digital payment methods, elevating AGMI's claims processing and risk management operations.
Revolutionizing Insurance Payment Solutions
Introduced in October 2024, the Duck Creek Payments Facilitator addresses various insurance-specific payment needs, including immediate claim payouts and premium collections. It is designed for seamless integration with existing systems, reducing operational costs and expediting the underwriting process for AGMI.
Allan Lacoste, Chief Payments Officer at Duck Creek Technologies, highlighted that AGMI is among many carriers modernizing their payment architectures using Duck Creek's innovative solutions. "AGMI will offer customers a seamless, secure, and efficient payments experience, reinforcing their commitment to innovation and customer satisfaction," Lacoste stated.
AGMI strategically focuses on leveraging technology and analytics to deliver superior insurance products, ensuring exemplary service levels for policyholders and favorable outcomes for their insurance and reinsurance partners.
Duck Creek Technologies continues to shape the future of the property and casualty (P&C) insurance domain with innovative, cloud-based solutions tailored to the industry's needs. These solutions, available individually or as part of a comprehensive suite, enable insurers to optimize operations and enhance customer experiences.