AGMI Enhances Digital Payment Systems with Duck Creek Partnership
Duck Creek Technologies has strategically expanded its client base by partnering with Anchor Group Management Inc. (AGMI) to enhance payment systems using the Duck Creek Payments Facilitator. AGMI, a recognized leader in the commercial auto insurance sector, operates across various states, targeting niche markets such as passenger transportation and local delivery. Known for its focus on technology and analytics, AGMI aims to bolster its digital payment capabilities.
Enhancing Payment Systems in the Insurance Industry
Through the utilization of the Duck Creek Payments Facilitator, AGMI seeks to streamline cash flow processes and improve the transactional experience for policyholders and retail brokers. By offering efficient and secure digital payment solutions, AGMI addresses the complex and frequent transactions characteristic of the commercial auto sector. This strategic initiative promises to enhance operational efficiency and ensure regulatory compliance requirements are met.
Leadership Insights and Industry Collaboration
AGMI’s President and CEO, Scott D. Wollney, underscored the significance of advanced payment processing. He remarked, “Duck Creek Payments provides a modern, insurance-focused solution that enables real-time disbursements and intuitive digital options, crucial for maintaining regulatory compliance and operational effectiveness.” Launched in October 2024, the Duck Creek Payments Facilitator specializes in managing insurance-specific transactions, including instant claim settlements and premium processing.
Chief Payments Officer at Duck Creek Technologies, Allan Lacoste, emphasized the partnership, stating, “AGMI is among the increasing number of insurers advancing their payment frameworks with Duck Creek. The Payments Facilitator ensures a seamless, secure, and efficient experience for AGMI's customers, aligning with their innovative strategies and commitment to customer satisfaction.” This collaboration underscores Duck Creek Technologies’ commitment to supporting insurance companies in modernizing payment ecosystems while maintaining compliance with regulatory standards.