Zelis®, a company known for its payments solutions in the healthcare sector, has announced its entry into the property and casualty (P&C) insurance market. This move comes through a strategic partnership with Duck Creek Technologies, a provider of core system solutions for the insurance industry.
The collaboration aims to modernize claims payments, thereby streamlining the process for insurers. By integrating Zelis’ payment technologies with Duck Creek’s insurance platform, the partnership is designed to enhance operational efficiency and improve the overall claims experience.
With technological enhancements becoming a significant focus in the insurance sector, this partnership positions both Zelis and Duck Creek as forward-thinking players in the market. Insurers looking to modernize their claims processes may find value in the combined offerings of these two companies.
This partnership could have a ripple effect on the broader P&C insurance landscape, potentially encouraging other firms to explore similar technological integrations. The emphasis on improving payment processes may lead to faster resolutions for claims, benefiting policyholders and insurers alike.
Overall, Zelis' venture into P&C insurance through this partnership signifies a notable shift towards technological innovation within the industry. While it's still early to predict the full impact of this collaboration, it reflects a growing trend of insurtech solutions aiming to enhance the customer experience in claims handling.
Original Source: https://ffnews.com/newsarticle/zelis-accelerates-expansion-into-pc-market-with-duck-creek-partnership-to-modernize-claims-payments/