{"id":561940,"date":"2024-10-15T08:17:31","date_gmt":"2024-10-15T07:17:31","guid":{"rendered":"https:\/\/ibsintelligence.com\/?post_type=ibsi_news&#038;p=561940"},"modified":"2024-10-15T08:17:31","modified_gmt":"2024-10-15T07:17:31","slug":"duck-creek-technologies-announces-acquisition-of-risk-control-technologies","status":"publish","type":"ibsi_news","link":"https:\/\/ibsintelligence.com\/ibsi-news\/duck-creek-technologies-announces-acquisition-of-risk-control-technologies\/","title":{"rendered":"Duck Creek Technologies announces acquisition of Risk Control Technologies"},"content":{"rendered":"<p><a href=\"https:\/\/www.duckcreek.com\/\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-543148 alignright\" src=\"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2023\/01\/Duck-Creek.jpg\" alt=\"Duck Creek, Imburse Payments, Property and Casualty Insurance, Direct Payments, Digital Transformation, Switzerland, USA, Risk Control Technologies, Fintech Solutions, Fintech News, Risk Management, Risk technolofy, AI, ML, \" width=\"178\" height=\"178\" srcset=\"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2023\/01\/Duck-Creek.jpg 200w, https:\/\/ibsintelligence.com\/wp-content\/uploads\/2023\/01\/Duck-Creek-150x150.jpg 150w, https:\/\/ibsintelligence.com\/wp-content\/uploads\/2023\/01\/Duck-Creek-100x100.jpg 100w\" sizes=\"auto, (max-width: 178px) 100vw, 178px\" \/>Duck Creek Technologies<\/a>, the intelligent solutions provider of property and casualty (P&amp;C) insurance, has acquired\u00a0<a href=\"https:\/\/riskcontroltech.com\/\">Risk Control Technologies, Inc.<\/a>\u00a0(RCT), a Toronto-based provider of risk management and loss control solutions.<\/p>\n<p>This <a href=\"https:\/\/ibsintelligence.com\/ibsi-news\/lakeside-bank-taps-volante-technologies-to-modernise-payment-services\/\">investment<\/a> reshapes how insurance carriers prevent loss and manage risk, enabling the deployment of advanced AI and machine learning capabilities at the forefront.<\/p>\n<p>\u201cAs the world faces increasing risks, whether from climate change, cyber threats, or other emerging challenges, having advanced tools to manage these exposures is crucial. Risk Control is a leader in not only identifying potential loss but preventing it through preemptive risk mitigation,\u201d said <strong>Mike Jackowski, CEO of Duck Creek Technologies.<\/strong> \u201cIn addition to sharing Duck Creek\u2019s core values, Risk Control\u2019s leadership and team members bring a wealth of insurance knowledge and experience. Together, we will help insurers work closely with their policyholders to prevent losses, improve safety, and better prepare for the future.\u201d<\/p>\n<p>The RCT RiskHub platform will enhance the Duck Creek SaaS suite of insurance technology products, further increasing Duck Creek\u2019s ability to improve underwriting accuracy, optimise claims processes, and reduce overall risk exposure. By integrating RCT\u2019s solution into the Duck Creek Technologies platform, insurance carriers will have rich predictive capabilities, enabling them to manage underwriting risks better and maximise an efficient, integrated policy and claims management experience.<\/p>\n<p>\u201cBeing part of Duck Creek Technologies will strengthen our goal to help carriers optimise and increase risk-data coverage across their entire business,\u201d said <strong>David Da Costa, CEO of Risk Control Technologies.<\/strong> \u201cWe are excited to be part of Duck Creek and to work jointly to deliver modern technology innovations that transform the insurance industry and help insurers strengthen their customer engagements, and drive impactful operational efficiencies. We look forward to this new chapter and the enhanced capabilities we can now offer to the market as part of the Duck Creek family.\u201d<\/p>\n<p>RCT\u2019s loss control and risk assessment platform will be seamlessly integrated with Duck Creek\u2019s comprehensive suite of products to enable data-driven decisions for all stakeholders to improve proactive risk mitigation.<\/p>\n","protected":false},"author":35800,"featured_media":549864,"parent":0,"template":"","categories":[11381,11386,11373,11372,11397],"tags":[12663,11409,26272,33245,39963,21391,35898,25853,44333,18734,33246,47608,11757,47609,12828,11422,11416],"class_list":["post-561940","ibsi_news","type-ibsi_news","status-publish","has-post-thumbnail","hentry","category-artificial-intelligence","category-insurtech","category-regtech","category-risktech","category-saas","tag-ai","tag-digital-transformation","tag-direct-payments","tag-duck-creek","tag-fintech-acquisitions","tag-fintech-news","tag-fintech-solutions","tag-imburse-payments","tag-insurtech-news","tag-ml","tag-property-and-casualty-insurance","tag-risk-control-technologies","tag-risk-management","tag-risk-technolofy","tag-risktech","tag-switzerland","tag-usa"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.9 (Yoast SEO v24.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Duck Creek Technologies acquires Risk Control Technologies<\/title>\n<meta name=\"description\" content=\"Duck Creek Technologies has acquired\u00a0Risk Control Technologies, Inc., a Toronto-based provider of risk management and loss control solutions\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ibsintelligence.com\/ibsi-news\/duck-creek-technologies-announces-acquisition-of-risk-control-technologies\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Duck Creek Technologies announces acquisition of Risk Control Technologies\" \/>\n<meta property=\"og:description\" content=\"IBS Intelligence (IBSi) is the world\u2019s only pure-play Financial Technology focused research, advisory, and fintech news analysis firm, with a 30-year track record and clients globally. 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