) recently announced that its Duck Creek insurance suite will be
deployed by Mountain States Insurance Group. Financial terms of the
deal were kept confidential. Per the contract, Accenture will offer
its property and casualty (P&C) policy software solution to the
Group to replace the latter's legacy system for new product ideas
and processing of clients' claims.
Founded in 1937, Mountain States Insurance Group offers a wide
range of P&C insurance solutions for small and midsize
businesses. To maintain its leading position, as well as service
goodwill, the company is leveraging Accenture's Duck Creek Policy
Administration and Duck Creek Billing. The solution will enable the
carrier to settle Property and Casualty claims as and when a loss
This apart, the company has also implemented Accenture's product
configuration software application, to make its commercial lines
and workers compensation products more efficient.
Accenture took over the P&C insurance solutions provider
Duck Creek Technologies, in August 2011. The combined force helped
Accenture in offering more comprehensive software solutions, while
providing customers with the hassle-free processing of P&C
In February 2012, West Bend Mutual Insurance Company deployed
the Accenture Duck Creek P&C policy software suite.
Accenture has been serving the insurance vertical for years.
Continuous insurance deal wins underscore the efficacy and
popularity of its services. With Duck Creek, Accenture further
enhanced its insurance platform, which is helping insurance
carriers in adapting to changing market conditions and gauging
future requirements, thereby enabling them to run high-performance
businesses. The popularity of the Duck Creek suite forced Mountain
States Group to choose Accenture's services.
We are encouraged by the steady flow of new business and believe
that the trend will continue. However, increasing competition from
), a strained spending environment and Accenture's broad European
exposure (roughly 40.0%) may temper its growth prospects to some
Currently, Accenture has a short-term Hold recommendation,
denoted by the Zacks #3 Rank.
ACCENTURE PLC (ACN): Free Stock Analysis Report
INTL BUS MACH (IBM): Free Stock Analysis Report
To read this article on Zacks.com click here.