FCCI Partners with Cognizant for Insurance Innovation
Cognizant has successfully integrated Duck Creek Technologies' advanced policy administration system, significantly modernizing FCCI's operations. This collaboration marks a substantial leap into the Excess & Surplus insurance market, expanding FCCI Insurance Group's capabilities.
Launch of New Excess & Surplus Lines
Through its strategic partnership with Cognizant, FCCI Insurance Group has launched new Excess & Surplus (E&S) lines of business. These lines, developed with Cognizant's expertise, aim to enhance operational efficiencies while ensuring a swift market response for new products.
Transformative Technology Enhancements
The partnership embraces Cognizant's profound understanding of the insurance landscape, allowing FCCI to modernize its operations. By shifting to Duck Creek's platform, FCCI can automate processes and quickly deliver new products, ultimately improving overall performance.
Comprehensive E&S Insurance Offerings
The E&S offerings now encompass General Liability, Excess Liability, Inland Marine, Crime, Property, and Package coverage. Fundamental lines commenced in October, with others anticipated to launch in early 2025, showcasing FCCI's unwavering commitment to client needs.
Milestones in FCCI's Modernization Journey
Dave Patel, FCCI's Executive Vice President and CIO, noted this initiative signifies a vital phase in their modernization journey. By venturing into the E&S market, FCCI is enhancing its position as a preferred commercial carrier, providing comprehensive solutions for agency partners.
Efficient Implementation Process
In 2023, following the decision to enter the E&S market, FCCI consulted Cognizant for a robust technology solution. The collaboration's execution began in early 2024 and benefited from Cognizant's delivery team expertise, ensuring an agile transition to the new system.
Commitment to Client Growth and Service
Cognizant's Chief Operating Officer, Chris McCloskey, emphasized their dedication to supporting FCCI's mission. The implementation of Duck Creek's platform is a testament to their shared goal of helping FCCI thrive in the Excess & Surplus market.
Future Growth with Innovative Solutions
Ajay Pandita from Cognizant expressed excitement over the partnership, highlighting their commitment to advancing FCCI's applications on the Duck Creek platform. This collaboration aims to drive exceptional customer experiences and foster long-term growth.
About Cognizant and FCCI
Cognizant, a leader in modern technology solutions, partners with organizations to enhance their operational efficiencies and client services. On the other hand, FCCI Insurance Group, established in 1959, offers a wide array of coverage options across various industries. It operates through a network of agents, ensuring flexibility and reliability in its services.
Frequently Asked Questions
What is the purpose of the FCCI and Cognizant partnership?
The partnership aims to modernize FCCI's insurance operations and expand into the Excess & Surplus market.
What types of insurance does FCCI now offer?
FCCI's new offerings include General Liability, Excess Liability, Inland Marine, Crime, Property, and Package coverage.
When will the new insurance lines be available to customers?
The first two lines became available in October, with additional lines expected to launch in early 2025.
How does Duck Creek's platform benefit FCCI?
It allows FCCI to automate processes, improve operational efficiencies, and accelerate the introduction of new products to the market.
Who is the target audience for FCCI's new offerings?
The offerings are designed to support FCCI's agency partners by providing a comprehensive suite of insurance solutions.
