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Duck Creek Pioneers the Next Era of Cloud-Based Technology for P&C Insurers Through Microsoft Azure OpenAI Service

Incorporating Azure OpenAI Service and using Duck Creek’s low-code platform empowers insurers to modernize responsibly

BOSTON, Nov. 16, 2023 (GLOBE NEWSWIRE) — Duck Creek Technologies, the intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, announces a breakthrough initiative in collaboration with Microsoft. This collaboration is poised to empower insurers to reimagine their businesses by facilitating smoother implementation processes and faster speed to market through the aid of generative artificial intelligence (AI)—a transformative technology that enables the creation of innovative applications and low-code solutions.

Duck Creek’s comprehensive platform is built on Microsoft Azure, the preferred technology for harnessing the power of Azure OpenAI Service, as large language models (LLMs) continue to redefine and shape the technology landscape. This represents a significant leap forward in the insurance sector, fostering innovation and efficiency that promises to influence how insurers conduct their business and engage with customers. By merging Duck Creek’s expertise in insurance solutions with the cutting-edge capabilities of Microsoft, this collaboration aims to create a brighter and more agile future for the entire insurance industry.

“Generative AI is a truly transformative technology, and our valued customers will benefit immensely from its powerful capabilities as we continue to drive the modernization of the insurance industry. Our objective is to empower insurers to innovate products faster and assist employees with AI tools,” said Mike Jackowski, Chief Executive Officer, Duck Creek Technologies. “This marks the next chapter in the evolution of our longstanding partnership, where we are pioneering in the space by uniting the exceptional talent of Microsoft and Duck Creek to develop cutting-edge technology solutions for the P&C and general insurance industries. In doing so, we are committed to spearheading the insurance industry’s embrace of generative AI and solving the innovation challenges insurers face—all while upholding the highest standards of regulatory compliance and ethical responsibility.”

Duck Creek is harnessing this emerging technology to curate innovative solutions for insurers, helping them embrace the future of technology with:

  • Copilot solutions powered by near-real-time data, which empowers insurers to make informed decisions and respond to changing market conditions swiftly and effectively.
  • Enhanced productivity tools that improve efficiency and productivity throughout the insurance ecosystem, designed to benefit consumers, agents, underwriters, and claim adjusters.
  • The next era of low-code configurator tools that simplify the development and adoption of insurance products, enabling insurers to expedite their time-to-market for both new and ongoing configurations.

“Duck Creek will continue advancing how it brings responsible AI to the insurance industry and enables a rapid business transformation toward humanized experiences,” said Jess Keeney, Chief Product & Technology Officer, Duck Creek Technologies. “We are consistently assessing how our solutions can more seamlessly integrate into our customers’ operational landscapes, and we are dedicated to delivering meaningful outcomes and addressing significant business challenges. Both Duck Creek and Microsoft share a common dedication to enhancing the customer journey across the entire insurance lifecycle. This marks a significant evolution in how underwriters leverage consumer data and conduct risk analysis, the efficiency of claims handling, fraud detection, and the industry’s ability to meet customer needs and adapt to feedback promptly.”

“Innovative insurers want to move quickly to use the power of generative AI to drive demonstrable business value,” said Bill Borden, CVP for Worldwide Financial Services at Microsoft. “We’re excited to deepen our collaboration with Duck Creek to deliver new generative AI-powered capabilities to help our joint insurance customers drive marked improvements in employee productivity, reinvent customer engagement, and bend the curve on innovation – both securely and responsibly.”

About Duck Creek Technologies

Duck Creek Technologies is the intelligent solutions provider defining the future of the property and casualty (P&C) and general insurance industry. We are the platform upon which modern insurance systems are built, enabling the industry to capitalize on the power of the cloud to run agile, intelligent, and evergreen operations. Authenticity, purpose, and transparency are core to Duck Creek, and we believe insurance should be there for individuals and businesses when, where, and how they need it most. Our market-leading solutions are available on a standalone basis or as a full suite, and all are available via Duck Creek OnDemand. Visit www.duckcreek.com to learn more. Follow Duck Creek on our social channels for the latest information – LinkedIn and Twitter.

Media Contacts:
Carley Bunch
carley.bunch@duckcreek.com

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Africa GLOBE-NEWSWIRE Other Language Press Releases South Africa

Émissions de méthane : un enjeu de taille pour l’industrie pétrolière et gazière

LONDRES, HOUSTON et SINGAPOUR, 15 nov. 2023 (GLOBE NEWSWIRE) — Les émissions de méthane demeurent l’enjeu principal de l’industrie pétrolière et gazière. Selon le dernier numéro du rapport Horizons publié par Wood Mackenzie, la COP 28 pourrait constituer un jalon clé de la prise d’engagements envers la réduction des émissions de méthane. Entreprises et gouvernements devront ainsi adopter des mesures fermes et respecter de nouvelles exigences en ce sens.

Le méthane est responsable d’environ 30 % de la hausse de la température moyenne mondiale depuis le début de l’ère industrielle. L’industrie pétrolière et gazière serait responsable de près d’un quart des émissions de ce gaz provenant de l’activité humaine (source anthropique), selon le rapport intitulé « Mission invisible : relever le défi du méthane dans l’industrie pétrolière et gazière ».

Selon l’outil d’analyse comparative des émissions de Wood Mackenzie, les pertes de méthane distinctives par secteur sont faibles, et représentent moins de 500 kilogrammes par heure (soit environ 0,0184 million de mètres cubes par jour), un volume inférieur à la résolution mesurable de la plupart des satellites actuels. Cependant, près de 96 % de l’ensemble des secteurs rejettent des émissions de cette ampleur, ce qui en données consolidées rend le problème conséquent. Les plus fortes émissions en provenance de secteurs de taille supérieure se répartissent le plus souvent sur plusieurs sites de production, ce qui les rend plus difficiles à quantifier.

Et le rôle du Gouvernement ?
D’après le rapport, l’action gouvernementale jouera un rôle essentiel dans le pilotage des efforts de réduction. Trois mesures phares visent à stimuler les démarches :

  1. De l’ambition. L’application d’une politique raisonnable serait un bon début, telle qu’une collaboration mondiale pour mettre fin aux émanations provoquées par le torchage et le dégazage à grande échelle.
  2. De la cohérence. Les décideurs politiques et les régulateurs doivent travailler main dans la main avec les acteurs de l’industrie pour établir des objectifs réalistes et dresser le calendrier de réduction des émissions, tout en veillant à la juste application de pénalités et d’amendes et à la correction des failles.
  3. Des subventions en faveur de la technologie. Les gouvernements peuvent apporter une aide financière pour optimiser à la fois les outils de mesure et les solutions de réduction. Les États-Unis montrent l’exemple avec la promulgation d’une loi sur la réduction de l’inflation (ou Inflation Reduction Act – IRA) régissant la mise à disposition d’une enveloppe de 350 millions de dollars aux fins de la surveillance et de la réduction des émissions de méthane.

Kevin Baxter
+44 330 124 9400
Kevin.Baxter@woodmac.com

Vivien Lebbon
+44 330 174 7486
Vivien.lebbon@woodmac.com

Mark Thomton
+1 630 881 6885
Mark.thomton@woodmac.com

Hla Myat Mon
+65 8533 8860
Hla.MyatMon@woodmac.com

The Big Partnership (agence de relations publiques britannique partenaire)
woodmac@bigpartnership.co.uk

À propos de Wood Mackenzie
Wood Mackenzie est le spécialiste mondial des énergies renouvelables, de l’énergie et des ressources naturelles. Les données sont notre force. Mise en œuvre par les hommes et les femmes. En pleine révolution énergétique, les entreprises et les gouvernements ont besoin d’informations fiables et exploitables pour mener à bien la transition vers un avenir durable. C’est pourquoi nous intervenons sur l’ensemble de la chaîne d’approvisionnement avec une ampleur et une profondeur inégalées, grâce à plus de 50 ans d’expérience dans le domaine des ressources naturelles. Aujourd’hui, notre équipe rassemble plus de 2 000 experts au cœur de 30 sites répartis dans le monde entier, qui s’efforcent de guider nos clients dans leurs prises de décision grâce à des analyses effectuées en temps réel, à une approche conseil, à des manifestations et du leadership éclairé. Ensemble, nous leur transmettons les données dont ils ont besoin pour distinguer les risques des opportunités et arrêter de saines décisions au bon moment. Pour en savoir plus, rendez-vous sur woodmac.com.

GlobeNewswire Distribution ID 1000899674

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Africa GLOBE-NEWSWIRE Other Language Press Releases South Africa

As emissões de metano continuam sendo um desafio de difícil solução no setor de petróleo e gás

LONDRES, HOUSTON e CINGAPURA, Nov. 15, 2023 (GLOBE NEWSWIRE) — O metano continua sendo um grande desafio para o setor de petróleo e gás. A COP28 pode ser um momento marcante para os compromissos de redução de metano, e será necessário que as empresas e os governos tomem medidas firmes para reduzir as emissões e impor novos padrões, de acordo com um novo relatório Horizons da Wood Mackenzie.

O metano é responsável por quase um terço do aumento das temperaturas globais induzido pelas emissões desde o início da era industrial, e estima-se que o setor de petróleo e gás seja responsável por até um quarto das emissões de metano causadas pelo homem (antropogênicas), de acordo com o relatório Mission invisible: tackling the oil and gas industry’s methane challenge (Missão invisível: enfrentando o desafio do metano do setor de petróleo e gás).

De acordo com a Emissions Benchmarking Tool (Ferramenta de Benchmarking de Emissões) da Wood Mackenzie, as perdas típicas de metano por campo são pequenas – menos de 500 quilogramas por hora (cerca de 0,65 milhão de pés cúbicos por dia), o que está abaixo da resolução mensurável da maioria dos satélites atuais – mas cerca de 96% de todos os campos têm emissões nessa escala, o que torna o problema grande e cumulativo. As emissões mais significativas de campos maiores geralmente estão espalhadas por várias instalações de produção, o que dificulta a quantificação.

Função do governo
De acordo com o relatório, a ação do governo será vital para os esforços de redução, e há três ações de alto nível que podem estimular o progresso:

  1. Maior ambição. Uma política implementável e aplicável seria um começo positivo, como, por exemplo, a colaboração global para acabar com toda a queima e ventilação em larga escala.
  2. Fiscalização consistente. Os formuladores de políticas e os órgãos reguladores devem colaborar com o setor para definir metas e cronogramas realistas para as reduções de emissões e, ao mesmo tempo, garantir que as taxas e multas sejam cobradas adequadamente e que as brechas sejam eliminadas.
  3. Apoio financeiro para tecnologia. Os governos podem apoiar o financiamento para melhorar a tecnologia de aferição e as soluções de redução. Por exemplo, como parte da Lei de Redução da Inflação (Inflation Reduction Act, IRA) dos EUA, US$ 350 milhões em financiamento estão disponíveis para monitorar e reduzir as emissões de metano.

Kevin Baxter
+44 330 124 9400
Kevin.Baxter@woodmac.com

Vivien Lebbon
+44 330 174 7486
Vivien.lebbon@woodmac.com

Mark Thomton
+1 630 881 6885
Mark.thomton@woodmac.com

Hla Myat Mon
+65 8533 8860
Hla.MyatMon@woodmac.com

The Big Partnership (agência de RP do Reino Unido)
woodmac@bigpartnership.co.uk

Sobre a Wood Mackenzie
A Wood Mackenzie é a consultoria de visão global para energias renováveis, energia e recursos naturais. Orientada por dados. Movida por pessoas. No meio de uma revolução energética, as empresas e os governos necessitam de visões confiáveis e viáveis para liderar a transição para um futuro sustentável. É por isso que cobrimos a cadeia de suprimentos completa com amplitude e profundidade sem precedentes, apoiados por uma experiência de mais de 50 anos em recursos naturais. Atualmente, nossa equipe de mais de 2.000 especialistas opera em 30 localidades no mundo todo, inspirando as decisões dos clientes por meio de análises em tempo real, consultoria, eventos e influência especializada no setor. Juntos, fornecemos as informações necessárias para diferenciar o risco da oportunidade e tomar decisões ousadas nos momentos mais importantes. Para obter mais informações, acesse woodmac.com.

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General

Malaria elimination efforts intensify in Oshikoto despite challenges


The Ministry of Health and Social Services’ malaria ambassador for Oshikoto, Vilho Nuunyango, is determined to eradicate malaria in the region despite facing several challenges.

Nuunyango expressed this commitment during a courtesy visit to the office of Oshikoto Governor Penda Ya Ndakolo on Wednesday.

‘We want to fulfil our vision of eliminating malaria in the whole of Oshikoto by the end of this year,’ said Nuunyango.

The health ministry’s regional chief environmental health practitioner, Padelia Ngenokesho, provided an overview of the malaria situation in the Oshikoto Region, saying a total of 11 000 malaria cases were reported in the entire country last year, with Oshikoto contributing 300 cases. Meanwhile, a total of 186 cases have been reported in the region this year.

Ngenokesho pointed out that some cases originated from people within the region, while others were imported from friends and relatives in Angola.

She said 78 malaria cases were traced back to Angola and emphasised the need for the g
overnment to exercise caution regarding the migration of people into the country and ensure they receive treatment to prevent the spread of malaria.

Ngenokesho commended the ministry for its efforts in treating malaria patients and consistently investigating malaria cases. She also encouraged the use of mosquito nets, saying they are strategically designed to prevent the spread of malaria.

‘We have learned that certain individuals use mosquito nets to catch fish and build their poultry shelters, and we discourage them from doing this,’ said Ngenokesho.

She called upon local authorities in the region to take ownership and assist the ministry in preventing malaria and spreading awareness.

‘Malaria does not affect the ministry alone, but whole communities. Local authorities should provide services to curb malaria while the ministry is catering to villages and other rural areas,’ Ngenokesho said.

She said the ministry is working to eliminate cases by adopting various policies and strategies to accelerate the
fight against malaria.

‘We want to be the first region to eliminate malaria by using different divisions in our ministry, as well as [for] pastors to create awareness and eventually eliminate these cases,’ said Ngenokesho.

Source: The Namibian Press Agency

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General

Ndeitunga encourages Ohangwena Region to embrace him


Sebastian Ndeitunga, the newly appointed Governor of the Ohangwena Region, has encouraged the region’s inhabitants to embrace and support him following his appointment by the president.

In an interview with Nampa on Wednesday, Ndeitunga urged the people of the region to accept him, saying he is their ‘son’ and will rely on them.

He stated that he is ready to take on the role of becoming the region’s new leader, adding that he is ready to build a formidable team that will look into all of the region’s concerns and pave new paths for solutions to some of the problems.

Ndeitunga admitted that finding solutions will not be easy because some of the region’s issues have been accumulating for some time, but said under his leadership, if people stand together and are disciplined and educated, they will break the cycle of poverty in the region.

He added that he has no reason not to accept the president’s appointment because he has a responsibility to the Namibian nation, the president and the region to ensure tha
t it performs in accordance with the government’s principle of providing quality, objective and partial services to inhabitants and visitors alike.

‘I feel very honoured and proud that his excellency, Dr Hage Geingob, chose me from a pool of seasoned public servants or civilians who are also able to be in the same position,’ he added.

The appointment of the former Namibian Police Force inspector general comes after President Hage Geingob relieved Walde Ndevashiya of his duties as Ohangwena Region Governor, effective 16 November 2023.

Source: The Namibian Press Agency

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General

Government concerned about maternal, neonatal deaths: Shangula


Minister of Health and Social Services, Dr Kalumbi Shangula, has expressed concern over the increased maternal deaths, stillbirths and neonatal deaths in Namibia.

The minister was speaking on Thursday during the opening of the National Seminar on Neonatal Care in Swakopmund.

The one-day seminar provides an opportunity for experts and practitioners in the field of pediatrics and neonatology to exchange ideas and collaborate on innovative solutions to improve the health and wellbeing of newborn children in the country.

The 2022 Report into Maternal Deaths, Stillbirths and Neonatal deaths for April 2018 to March 2021, which was commissioned by the Health Ministry, reveals amongst others that a total of 145 maternal deaths were reported to the ministry, while a total of 1 066 stillbirths and 1 069 neonatal deaths were reported.

Additionally, 4 406 stillbirths and 2 572 neonatal deaths were captured through the ministry’s Health Information System.

According to Shangula, evidence shows that in every pregnanc
y there is a potential risk of complications and it is not always possible to determine which pregnant woman will develop complications.

‘Hence, skilled assistance before and during labour, delivery and the postpartum period is critical towards the reduction of maternal and neonatal morbidity and mortality. It is for this reason that the government has crafted the plan titled Every Newborn Action Plan (ENAP) in order to address and reduce neonatal and maternal deaths,’ the minister outlined.

ENAP, which has specific targets and objectives to reduce maternal mortality, aims to reduce maternal deaths from 385 to at least 200 per 100 000 live births by 2018 and to 50 by 2035.

Shangula said that while progress has been made, these targets have not been fully met and more needs to be done if Namibia is to reach these targets by 2050.

The Health Director in the Erongo Region, Anna Jonas, said the provision of neonatal care can be complex, especially if healthcare workers are not equipped with proper knowledge a
nd skills on how to take care of the babies, as well as the ability to provide individualised care.

Source: The Namibian Press Agency

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General

Uazuva Kaumbi passes on


Academic and Pan-Africanist, Dr Uazuva Kaumbi died on Thursday morning at the Roman Catholic Hospital in Windhoek.

He was 60 years old.

Family member Joshua Kaumbi confirmed this to Nampa, saying the late Kaumbi was admitted to the Roman Catholic Hospital last week Thursday and passed on in the early hours of Thursday.

Source: The Namibian Press Agency

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General

Ekonghola residents protest against new headman appointment


Community members of the Ekonghola village in the Ombulu district of Okongo held a peaceful demonstration on Thursday, denouncing the appointment of a hand-picked headman for their traditional authority.

The group marched from Shell Ondangwa to the Ondonga Traditional Authority office at Oluno, where they handed over a petition.

The Ondonga Traditional Authority has appointed Sylvanus Elago as the new headman of Ekonghola village following the death of Antonius Nghilongwa in 2021. Elago was expected to be inaugurated on 21 November 2023.

Handing over the petition, spokesperson Aune Gabriel said they do not want Elago, who is currently appointed to head the village to be their leader, to be inaugurated. Community members claim he is not from Ekonghola and does not know the needs of the community.

Gabriel indicated that the late Nghilongwa nominated three people who could replace him in the event of his death, and these were not considered.

According to Gabriel, the Traditional Authorities Act of 2000 sti
pulates that a headman/woman should be elected by residents and should be a permanent resident in the village, which means Elago is not suitable to lead them.

‘The appointed candidate does not have a house in Ekonghola apart from a cattle post that he has in the village and is not a permanent resident, meaning he does not qualify for the headman post,’ she said.

Gabriel stated that Namibia is governed by laws which give people the right to vote for whom they want to be led by.

She then called on the Ondonga Traditional Authority councillors to discuss the matter without taking sides, for the interest of the people.

The group gave the traditional authority until 22 November to respond to their request.

Accepting the petition, Lot Kasamane, second in charge in the Ondangwa District for the Ondonga Traditional Authority, assured the demonstrators that their petition would be forwarded to the right authority to deal with the matter.

However, Kasamane told the demonstrators that it might take time for the gr
oup to get a response.

Source: The Namibian Press Agency

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General

Simasiku engages council on Katima residents’ concerns


Katima Mulilo Urban Constituency Councillor Kennedy Simasiku says there are issues that require the Katima Mulilo Town Council (KMTC) to urgently engage the public.

This should be done through information sharing sessions where clarity must be provided and where necessary, decisions made for the good of both parties, said Simasiku in an interview with Nampa, following the public demonstration recently in which residents of Katima called for the removal of Redforce and brought up other issues related to the town council.

Simasiku told Nampa that an invitation was extended to KMTC to join the Constituency to engage and resolve some of the pressing issues the communities are faced with. One such issue is Redforce, a debt collection agency appointed by the council, and the issue of interest charged on outstanding municipal accounts.

‘We fully support the idea that, where qualifying pensioners deserve a rebate or specific treatment due to them being senior citizens, they ought not to be forced to pay amounts t
hey cannot afford in comparison to their living wages. The issue of invoicing dates must be corrected and conveniently sequenced to both parties but importantly, properly communicated to the community for clarity. And finally, under normal circumstances, the burden of recovery should not be entirely dumped on the end user considering the current economic circumstances our country is faced with, and one would hope that such a condition in the contract can be renegotiated or be noted for correction in future. These suggestions were made to KMTC by our office too,’ Simasiku stated.

At the public demonstration two weeks ago, demonstrators called for the closure of Redforce and removal of the KMTC councillors and its chief executive officer. The demonstrators charged that the current town council leadership has failed the masses in delivering proper services. They recited water shortages, poor services and corruption as some of the factors that are forcing them to demand for the removal of the team.

The petition
was handed over to Katima Mulilo Town Council Mayor Lister Shamalaza, who promised speedy feedback. Full feedback is expected to be delivered on Sunday when the whole council will be present, including CEO Raphael Liswaniso.

Source: The Namibian Press Agency

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General

Gladiators receive NDTC sponsorship


The Namibia Diamond Trading Company (NDTC) on Thursday here, donated N.dollars 200 000 to the Brave Gladiators to support the team towards their hygiene and sanitary needs while on international duties.

The sponsorship was announced by NDTC CEO Brent Eiseb, who said that the company is committed to empowering and uplifting Namibian ambassadors who put the country on the global map.

‘Women’s football in Namibia is one of the least financially supported sport codes, impacting its growth and the performance of the national team. Our investment in women’s football is not just about scoring goals but also about inspiring the next generation of female athletes in Namibia,’ he said.

Eiseb added that the Brave Gladiators’ victories resonate far beyond the pitch and echo in the hearts of every Namibian, instilling a sense of national pride that transcends borders.

‘By sponsoring the Namibia Women’s National Football Team, we are investing in the dreams and aspirations of these athletes who are not merely players
but also trailblazers, and breaking barriers,’ Eiseb said.

The sponsorship of N.dollars 200 000 was used to support the team’s hygiene and sanitary products, with N.dollars 20 000 allocated to this purpose. The remaining amount was shared among the 34-member squad that represented the country in the Olympic qualifiers and African Nations Cup qualifiers from August to October 2023.

Eiseb stated that the women players’ achievements in the field of play should be celebrated like the diamonds they are, also ensuring that their dreams and aspirations are not only valid but also realised.

Source: The Namibian Press Agency