Duck Creek Technologies announced that global technology and digital solutions company LTI has been recognized as the inaugural “Duck Creek Hatch-a-thon” winner at Formation ’22.
This year is the first year Duck Creek has opened its Hatch-a-thon to external guests.
Duck Creek and EY, the premier sponsor of the Hatch-a-thon, welcomed members throughout the global developer community to compete over the course of 36 hours. Duck Creek said the Hatch-a-thon was an opportunity for partners and customers to show off their skillsets and share their ideas to enhance the value of the Duck Creek Platform. This year’s session sparked interest from 36 teams whose projects were judged by a panel based on innovation, product impact, business impact and execution.
The winning team from LTI produced a one-click quote from existing policy documents using their solution SWITCH, which leverages the power of artificial intelligence (AI) and Duck Creek APIs to reduce the time-consuming data entry process to provide an insurance quote for a customer while also reducing the cost of customer acquisition for carriers and agents. The solution can be extended to multiple use cases such as book transfer/rollover and legacy to Duck Creek Policy Migration.
Other Duck Creek ecosystem partners who competed in this year’s Hatch-a-thon were:
The prize for LTI included a $1,000 donation to the charity of the winner’s choice, the Ukrainian Red Cross Society.