Leading global research firm, Everest Group®, has recognized LTI as a Leader and Star Performer in its Duck Creek Services PEAK Matrix® Assessment for 2022. LTI was recognized for significant growth across their Duck Creek services practice, advanced capabilities in rapidly customizing and configuring Duck Creek products aligned with the customer’s operating environment, and for backing their strengths with solid proof points in enabling complex, multi-region Duck Creek implementations across all major LOBs in large and mid-sized property and casualty insurers.

While the insurance sector has had a conventionally orthodox approach to modernization, the pandemic has led to a significant upheaval with more and more insurers looking to adapt and digitalize their operation and processes. Powered by technologies such as cloud, artificial intelligence, machine learning, predictive analytics, and a mobile-first approach, leading insurers are developing and investing in a robust digital transformation strategy and roadmap.

The Duck Creek SaaS platform empowers insurers to manage policy, claims, billing, and distribution management in the cloud. It simultaneously provides rich, actionable insights that drive digital engagement with their customers. The low-code, open platform consolidates and centralizes the insurer’s end-to-end IT environment, driving greater operational agility and faster time-to-market. The report compares and examines in detail the services landscape of 13 leading providers featured on Everest Group’s Duck Creek Services PEAK Matrix Assessment 2022.

“Duck Creeks’ on-demand solution, coupled with our proven ‘Leapfrog’ accelerators suite, helps our clients accelerate to an end-to-end digital operating model, enabling speed and value added change. Focusing on mitigating execution risk and cutting the costs by over 30% while adopting a cloud model, our Core++ ecosystem approach enables our clients to capitalize on their Duck Creek investment and execute on their data driven transformation initiatives,” said David Althoff, Chief Business Officer – Insurance, LTI

“LTI has demonstrated best-in-class growth in its Duck Creek services practice, as a result of its consistent success with North American insurers across commercial lines,” said Aaditya Jain, Practice Director, Everest Group. “Premier partnership status, coupled with a credible track record of implementing all major Duck Creek products; meaningful investments to build configuration bots and fitness assessment toolkits to maximize OOTB functionalities; and appreciation by clients for strong technical expertise have helped LTI to be positioned as a Leader and Star Performer on Everest Group’s Duck Creek Services PEAK Matrix® 2022.”