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ZestyAI Joins Duck Creek’s Solution Partner Ecosystem

Partnership Equips P&C Insurers With Best-In-Class Risk Information and Analytics

News — 3 mins

ZestyAI Joins Duck Creek’s Solution Partner Ecosystem

San Francisco, CA, June 19, 2024 – Today, ZestyAI, the leading provider of climate and property risk analytics solutions powered by Artificial Intelligence (AI), is announcing a strategic partnership with Duck Creek Technologies, the intelligent core systems provider defining the future of property and casualty (P&C) and general insurance. This collaboration will see ZestyAI’s entry into Duck Creek’s esteemed ecosystem as a Solution partner, equipping P&C insurers with the property analytics and peril-specific risk scores they need to assess and manage climate-related risks. 

Record-breaking losses from natural disasters, like wildfires and severe convective storms, have left the P&C insurance industry searching for better ways of assessing and managing climate risk. ZestyAI, renowned for its expertise in harnessing artificial intelligence and data science to assess risk exposure at the property level, offers comprehensive property insights and climate risk models that account for all factors impacting a property's overall risk. 

Key Benefits of the Integration

Comprehensive Climate Risk Assessment: ZestyAI's climate models accessible within the Duck Creek platform provide insurers with a holistic view of a property's risk exposure to natural disasters, such as severe convective storms and wildfires.

Enhanced Risk Management: With a more accurate understanding of property and climate risk, P&C insurers can reduce loss ratio through superior control over risk selection and offer tailored insurance solutions based on the insights provided by ZestyAI's climate models and property insights.

Faster, More Consistent Decisions: The integration of ZestyAI’s property and climate risk models into Duck Creek expedites personal lines and commercial lines workflows by facilitating straight-through processing of low risks, auto-declining high risks, and scaling underwriting capacity to where it’s needed most.

"We are delighted to partner with the strong team at ZestyAI to provide seamless access to their unique property data insights from within Duck Creek Policy," says Robert Fletcher, Sr. Partner Manager at Duck Creek. "Our mutual customers are looking for the most accurate, location-specific data to assess the underlying risk of a property. Through this new partnership with ZestyAI, we continue to demonstrate the power of Duck Creek's open platform, which enables insurers to rapidly integrate innovative solutions to provide an easier, quicker and more accurate user experience."

"We are delighted to partner with the strong team at ZestyAI to provide seamless access to their unique property data insights from within Duck Creek Policy"

“The insurance industry is undergoing a seismic shift when it comes to the availability of technology and data,” said Attila Toth, Founder and CEO of ZestyAI. “Our models are rooted in materials science and atmospheric science to tackle major challenges like wildfires and severe convective storms, in addition to general property risk assessments, like roof quality. We are pleased to be able to bring Duck Creek customers ZestyAI data, within their existing workflows for a better and more accurate approach to risk assessment.”

 

About ZestyAI

ZestyAI is the leading property and climate risk platform for Property and Casualty insurers in North America. The company has revolutionized the world’s understanding of property and climate perils by combining artificial intelligence with historical losses and cutting-edge data sources. Leading insurers trust ZestyAI’s platform to identify risk and assess exposure, including the impact of catastrophic events like wildfires, hail, and wind storms. ZestyAI helps insurers make more informed underwriting decisions, rate fairly and accurately, enhance reinsurance outcomes, and improve customer experience through actionable risk insights that both property owners and regulators trust. 

For more information on how ZestyAI is revolutionizing risk management, visit www.zesty.ai.

About Duck Creek Technologies

Duck Creek Technologies is the intelligent solutions provider defining the future of the property and casualty (P&C) and general insurance industry. We are the platform upon which modern insurance systems are built, enabling the industry to capitalize on the power of the cloud to run agile, intelligent, and evergreen operations. Authenticity, purpose, and transparency are core to Duck Creek, and we believe insurance should be there for individuals and businesses when, where, and how they need it most. Our market-leading solutions are available on a standalone basis or as a full suite, and all are available via Duck Creek OnDemand. Visit www.duckcreek.com to learn more. Follow Duck Creek on our social channels for the latest information – LinkedIn and Twitter.


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For more information, contact:
Linsey Flannery, Director of Communications, ZestyAI
linsey@zesty.ai
416-939-9773

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