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What is Xactware Respond?

From impactful hurricanes to destructive hailstorms, Respond® predictive analytics allows you to manage risks efficiently and optimize resources linked to severe weather occurrences. By utilizing insights gathered from real-time weather data feeds, Respond improves your operational efficiency and supports informed decision-making concerning weather-related risk evaluations, preparations for extreme weather events, strategies for loss prevention, and recovery efforts post-disaster. The analysis that Respond provides, when layered over your current policies in force (PIF), offers a clear visualization of policyholder locations and coverage amounts that may be impacted by hazardous hail or other dangers. This functionality enables you to strategically allocate the appropriate adjuster expertise for properties situated within, adjacent to, or outside the impacted storm zone. Moreover, it simplifies the claims process, shortens cycle times, and enhances policyholder satisfaction. By refining reinsurance treaty recovery processes and accurately forecasting claims volumes for natural disaster incidents, Respond not only assists in illustrating the implications of severe weather but also promotes a more profound understanding of storm intensity and its potential consequences. Additionally, this thorough approach equips you to mitigate losses more effectively while bolstering overall operational resilience against the backdrop of unpredictable weather challenges. As a result, you can make more strategic decisions that ultimately lead to improved preparedness and response capabilities.

What is Duck Creek Reinsurance?

Duck Creek Reinsurance enhances and automates the reinsurance workflow by integrating all relevant details related to contracts, which include treaties, facultative policies, claims, incidents, and assorted financial and technical data. This versatile system manages contracts for their entire duration, covering aspects such as underwriting, endorsements, and renewals, while also supporting various currencies and GAAP standards. By adeptly computing recoveries and promptly producing reinsurance invoices, it guarantees that every claim eligible for coverage is correctly identified, thereby achieving the goals of both ceded and assumed reinsurance in relation to risk management and capital efficiency. The digital overhaul of reinsurance administration equips finance and risk management professionals to leverage data more effectively, which aids in making vital decisions about risk appetite and enhances negotiations surrounding contracts. Furthermore, the transition to automation, standardization, and improved data visibility reduces dependency on unwieldy tools like spreadsheets and outdated databases, leading to greater operational efficiency. This holistic strategy not only streamlines processes but also cultivates a more cohesive relationship between risk management and financial goals, ultimately driving better business outcomes. In doing so, organizations can navigate complexities in the reinsurance landscape with greater ease and confidence.

Media

Media

Integrations Supported

Duck Creek Suite

Integrations Supported

Duck Creek Suite

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Xactware

Date Founded

1986

Company Location

United States

Company Website

www.xactware.com/en-us/solutions/weather-analytics/respond/overview/

Company Facts

Organization Name

Duck Creek

Date Founded

2000

Company Location

United States

Company Website

www.duckcreek.com/product/reinsurance/

Categories and Features

Categories and Features

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