Verisk and Duck Creek Announce the Addition of Verisk’s BuildFax Solutions to the Duck Creek Platform
September 30 2020 - 7:00AM
Verisk (Nasdaq:VRSK), a leading data analytics provider, and
Duck Creek Technologies, a leading provider of core system
solutions for the property/casualty insurance industry, announced
today the addition of solutions from BuildFax, a Verisk business,
to Duck Creek’s Content Exchange. These BuildFax solutions will
enable insurers to easily access robust property condition and
history data through the Duck Creek Platform.
The BuildFax solutions – Roof Age, Property Condition Score, and
Major Systems Insights – are rooted in ground-truth permit data,
providing critical information about a property’s condition –
which includes the age of its roof and maintenance activity on
plumbing, electrical, and mechanical systems.
These additional solutions are the latest Verisk products
available on Duck Creek’s Content Exchange. Duck Creek customers
can currently access a wide range of Verisk tools through the
Content Exchange, including detailed information on the relative
risk of vehicles, the replacement cost for specific homes, and
robust telematics data from consenting drivers for usage-based
insurance programs.
“Personal lines insurers today need quick and easy access to
robust data about property conditions,” said Robert Fletcher, head
of global solution partnerships at Duck Creek. “With these
additions to the Duck Creek Content Exchange, carriers who use our
software will now be able to easily access BuildFax solutions and
make more informed and efficient decisions about the homes they
insure.”
“Information about roofs and major systems is critically
important in evaluating a structure’s risk,” said Jonathan Kanarek,
managing director of BuildFax. “By integrating these BuildFax
solutions into Duck Creek’s Platform, we’re making it simple for
Duck Creek’s customers to access updated and detailed information
about property conditions and help policyholders get the coverage
they need.”
About Verisk Verisk (Nasdaq:VRSK) is a
leading data analytics provider serving customers in insurance,
energy and specialized markets, and financial services. Using
advanced technologies to collect and analyze billions of records,
Verisk draws on unique data assets and deep domain expertise to
provide first-to-market innovations that are integrated into
customer workflows. Verisk offers predictive analytics and decision
support solutions to customers in rating, underwriting, claims,
catastrophe and weather risk, global risk analytics, natural
resources intelligence, economic forecasting, and many other
fields. Around the world, Verisk helps customers protect people,
property, and financial assets.
Headquartered in Jersey City, N.J., Verisk operates in 30
countries and is a member of Standard & Poor's S&P
500® Index and Nasdaq 100 Index. For more information, please
visit www.verisk.com.
About BuildFaxBuildFax, a Verisk business, is a
leading provider of property condition and history data for
insurance and financial institutions. With the only database of its
kind encompassing more than 84 billion data points on commercial
and residential structures, BuildFax delivers detailed data on
remodeling, solar installations, new construction, roof age, major
systems, maintenance history, and more. To learn more about
BuildFax, visit www.buildfax.com.
About Duck Creek Technologies Duck Creek
Technologies is a leading provider of core system solutions to the
P&C and General insurance industry. By accessing Duck
Creek OnDemand, the company’s enterprise Software-as-a-Service
solution, insurance carriers are able to navigate uncertainty and
capture market opportunities faster than their competitors. Duck
Creek’s functionally rich solutions are available on a stand-alone
basis or as a full suite, and all are available via Duck Creek
OnDemand. For more information, visit www.duckcreek.com.
Contacts: Joseph Madden201-232-4486
Joseph.Madden@verisk.com
Paul Rechichi Racepoint Global (for Duck Creek Technologies)
617-624-3295 prechichi@racepointglobal.com
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