Duck Creek Technologies Enhances Insurance Payments for AGMI
Duck Creek Technologies, renowned for its insurance software solutions, has been selected by Anchor Group Management Inc. (AGMI), a managing general agency with a focus on technology and analytics, to implement the Duck Creek Payments Facilitator. This strategic decision intends to elevate AGMI's insurance payment systems, enhancing both efficiency and speed, particularly in complex commercial auto insurance scenarios.
This collaboration aligns with Duck Creek’s strategic approach to partner with specialized insurance entities that demand sophisticated, insurance-focused payment systems. By incorporating Duck Creek Payments Facilitator, AGMI aims to offer a superior digital experience through advanced payment options, real-time disbursements, and optimized cash flow management. The solution integrates seamlessly into AGMI’s existing technology infrastructure, enabling rapid ROI while minimizing operational complexities and expenses.
Enhancing Compliance and Customer Experience
The partnership highlights the importance of modern payment infrastructures in the InsurTech industry, especially as managing general agencies and insurers focus on meeting the growing customer demand for quick, transparent, and convenient services. The integration supports regulatory compliance requirements, ensuring operational efficiency. Scott D. Wollney, President and CEO of AGMI, emphasized, “As a specialty insurance provider in highly transactional commercial auto segments, seamless payment processing is vital for us.”
Allan Lacoste, Duck Creek Technologies’ Chief Payments Officer, highlighted the expanding adoption of their solution, stating, “AGMI joins a growing list of insurers transforming their payment ecosystems. With Duck Creek Payments Facilitator, AGMI will provide a seamless, secure, and efficient payments experience, reinforcing their commitment to innovation and customer satisfaction.”