Duck Creek Technologies, a provider of technology solutions for the property and casualty insurance sector, has partnered with Worldpay to improve payment processing for insurers.
This partnership will provide a scalable solution designed to meet changing industry demands. Worldpay’s payment infrastructure will integrate with Duck Creek Payments, creating a streamlined platform for managing transactions.
This collaboration allows insurers to process payments more efficiently while offering customers flexible options, including Buy Now, Pay Later (BNPL). It also expands Duck Creek’s Marketplace, where insurers can access a range of payment solutions.
By using Worldpay’s technology, Duck Creek Payments increases scalability and security, helping insurers lower costs and improve transaction efficiency. As insurers modernize their payment systems, Duck Creek’s enhanced capabilities strengthen its position as a provider of digital-first solutions that adapt to new payment trends and improve the policyholder experience.
The right payment processing partner is critical to delivering a strong customer experience. Worldpay aligns with our goal of providing secure, efficient, and flexible payment solutions.
Allan Lacoste, Duck Creek’s chief payments officer
“This partnership strengthens Duck Creek Payments by removing the need for costly custom integrations and embedding advanced payment processing into our technology,” said Allan Lacoste.
Jason Pavona, Worldpay’s general manager for North America, emphasized the shared commitment to improving insurance payment solutions.
“Integrating our payment technologies with Duck Creek Payments gives insurers the tools to simplify operations, improve customer experiences, and compete in a changing market.”
Duck Creek Technologies, established in 2000, has secured significant investments to support its growth in the property and casualty insurance software sector.
In 2016, funds advised by Apax Partners acquired a majority stake in the company from Accenture, which remains a key investor.
In December 2019, Duck Creek received a $120 mn investment from Dragoneer Investment Group, Neuberger Berman, Insight Partners, and Temasek.
In June 2020, the company secured an additional $230 mn from Kayne Anderson Rudnick Investment Management, Whale Rock Capital Management, and prior investors.
In January 2023, Vista Equity Partners agreed to acquire Duck Creek Technologies for approximately $2.6 bn, offering $19.00 per share in cash.
These investments have enabled Duck Creek to enhance its SaaS offerings, expand internationally, and solidify its position in the insurance technology market.
