Lastly, even if one takes the recent deceleration in Duck Creek's growth into account, it is still growing faster than Guidewire. What do you need for your own development? Majesco delivers solutions and IT services in core insurance areas including policy administration, billing, claims and distribution. Is this happening to you frequently? Duck Creek, which earned only $260 million in its last financial year (until August 2021). Figure Out How to Reach Your Most Restricted Audience. Duck Creek P&C Insurance Solutions Since then, the insurtech has grown to dominate the P&C insurance market and went public in August of 2020. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Duck Creek's Annual Report & Profile shows critical firmographic facts: What is the company's size? It was founded , Insurity provides policy administration, claims, billing, and analytics software to a wide range of insurance companies: large and small, national or regional, commerci, BriteCore is a cloud-based insurance core software platform offering end-to-end capabilities, including policy administration, claims management, underwriting rules and, Guidewire Software (NYSE: GWRE) is a provider of software products for Property & Casualty insurers. Understanding RSI: A Powerful Momentum Indicator for Stock Analysis. First, while Duck Creek's subscription revenues has seen a sharp deceleration in YoY growth over the last 7 quarters, ARR (which is a leading indicator) is still growing strongly (last print up 25%). These companies are all part of the "information" sector. Please disable your ad-blocker and refresh. It serves an underpenetrated market (only 10% penetrated) and has low market share (only 8%). If you have an ad-blocker enabled you may be blocked from proceeding. This rapid development and steep competition in the marketplace has sparked the need for technology and tools that make innovation easier than ever before. Low-code development platforms. I wrote this article myself, and it expresses my own opinions. It provides artificial intelligence and machine learning so, Five Sigma is developing and delivering an end-to-end claims resolution platform for the P&C personal and commercial market. At a more granular level, low-code solutions can benefit insurance carriers and really any organization in the following ways: To put it bluntly, low code is always the right solution. Its low-code approach reduces integration complexity and encourages agile business decisions by unifying data and analytics. Gartner does not endorse any vendor, product or service depicted in this content nor makes any warranties, expressed or implied, with respect to this content, about its accuracy or completeness, including any warranties of merchantability or fitness for a particular purpose. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Compare Duck Creek Technologies and Federato, Compare Duck Creek Technologies and Ignatica, Duck Creek Technologies vs. To make my case, let's start by looking at Duck Creek's and Guidewire's revenues and GP margins (over the last seven quarters) by type of revenue. Users can configure its intuitive UI to deliver rich, personalized customer experiences. Machine learning improves operational efficiency by identifying frequent workflows and automatically reassigning obligations. Then, during the fourth week, they met for a group coaching session to discuss key insights and work through specific challenges they faced as they applied and practiced what they learned. Provides agencies with access to a curated, purpose-built ecosystem of traditional and insurtech options designed to streamline workflow and increase innovation. We have been pleased with BriteCore's focus on partnering with its clients to work toward mutual success, as well as fostering a strong and interconnected client community. All rights reserved. If you are looking for information on Utahs National Parks, such as Zion National Park , Bryce Canyon National Park or cities such as St. George, Utah or Cedar City, Utah , look no further then Travelwest Directories. In some ways, Duck Creek is in a unique position because while it is a follower in its industry by revenue, it is the leader in the cloud-based solutions segment of its market - which is the segment exhibiting the most growth. The top three of NLS Duck Creek's competitors in the Insurance Administration And Management category are AMS360 with 17.97%, Zywave with 11.22%, Applied Epic with 7.82% market share. The main competitors of Duck Creek Technologies include Sprout Social (SPT), Progress Software (PRGS), Intapp (INTA), ACI Worldwide (ACIW), Smead Value Fund (SVFCX), Opera (OPRA), Rapid7 (RPD), JFrog (FROG), Vertex (VERX), and EverCommerce (EVCM). And then used LinkedIn Learning to study the topics that would be the most relevant for their improvement. Insuresoft is a critical partner for our business and they have supported us so well from early stage to where we are today. Duck Creek Real Estate is a real estate agent located in Duck Creek Village, Utah. Jenesis has a 'excellent' User Satisfaction Rating of 90% when considering 172 user reviews from 2 recognized software review sites. Companies using Duck Creek Billing and its marketshare - Enlyft You have already added five stocks to your watchlist. By 2024, low-code application development is estimated to account for more than 65% of application development activity. Our waterfowl properties span 7000 acres. It is classified as operating in the General Warehousing & Storage industry. 2,018 Sq. However, the product is rated to cover a lot of different functions satisfying a range of requirements. Gartner does not endorse any vendor, product or service depicted in this content nor makes any warranties, expressed or implied, with respect to this content, about its accuracy or completeness, including any warranties of merchantability or fitness for a particular purpose. ARR is a measure that tries to adjust for when large contracts are signed late in the current quarter (so negligible accounting revenue is recognized in the current quarter), but the company expects to earn greater revenue going forward as a result of signing the contract. (Ad), Why 2023 Could Kick Off a "Cash Frenzy" in Stocks (Ad), Pfizer Just Invested $25 million In This Biotech, Cracks In The Labor Market? As their senior manager of learning and development, it was his job to determine what to prioritize and why. ""Ability to quickly adapt to constant change"". That's despite the fact that Duck Creek's results have disappointed in the last two quarters, while Guidewire's have impressed. Customers | Duck Creek Technologies Can Planet Fitness Stock Regain its Pump? In-depth profiles and analysis for 20,000 public companies. Majesco delivers solutions and IT services in core ins, Convr is an artificial intelligence underwriting platform. EIS provides a platform for high-velocity insurance. Its payment portal offers multiple options with automated logging of receipts for consistent and error-free accounting. Its highly configurable architecture with an intuitive dashboard, microservices and API support ensures scalability and easy integration of third-party applications. But the good news is, if China invades Taiwan, there is a way to protect yourself. They are a terrific partner and will deliver on their SOW within budget and on time. Guidewire is therefore 3x larger than Duck Creek in terms of revenues. Duck Creek Technologies: Why I Am Ducking Out - Seeking Alpha American Consumer News, LLC dba MarketBeat 2010-2023. PAS and P&C have been an outstanding MVP implementation. All original content is copyrighted by SelectHub and any copying or reproduction (without references to SelectHub) is strictly prohibited. Kevin is also a New York Times bestselling author of Great Leaders Have No Rules, 15 Secrets Successful People Know About Time Management, and Employee Engagement 2.0. We will contrast the two companies based on the strength of their profitability, media sentiment, institutional ownership, earnings, risk, analyst recommendations, valuation, dividends and community ranking. Duck Creek Technologies has raised $357M. Gartner Peer Insights content consists of the opinions of individual end users based on their own experiences, and should not be construed as statements of fact, nor do they represent the views of Gartner or its affiliates. CEO of LEADx and author of Great Leaders Have No Rules. Some users have complained about its ease of use, which I believe to be an important characteristic of successful software. Engagements have included incorporating Agencyport into our existing business lines. Duck Creek sells core business solutions to short-term insurers. Copyright 2023 CB Information Services, Inc. All rights reserved. Biden To Unleash "Choke Point" Operation On America? Majesco has a 'great' User Satisfaction Rating of 86% when considering 11 user reviews from 1 recognized software review sites. Reporting modules generate actionable insights to improve profitability, sales and client retention rates. The main competitors of Duck Creek Technologies include Sprout Social (SPT), Intapp (INTA), Smead Value Fund (SVFCX), Rapid7 (RPD), Varonis Systems (VRNS), JFrog (FROG), ACI Worldwide (ACIW), Vertex (VERX), Progress Software (PRGS), and BlackBerry (BB). Duck Creek's 5,400 (as of Q4 2021). No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Eric Crockett Based on the results, Bond had a set of ten topics that he knew were the most popular and important to employees. MarketBeat recorded 1 mentions for Duck Creek Technologies and 0 mentions for Akerna. How Duck Creek Enabled 1,600 Employees To Soar As Leaders In - Forbes All rights reserved. Our daily ratings and market update email newsletter. Real-time analyst ratings, insider transactions, earnings data, and more. BOSTON - August 31, 2021 - Duck Creek Technologies (NASDAQ: DCT) announced today that Caribbean-based Indigo Insurance, a greenfield initiative, has gone live with Duck Creek's Policy, Claims, Billing, and Insights solutions. Users can access customizable pre-filled ACORD forms for faster enrollment and renewal processing. (Ad), Why 2023 Could Kick Off a "Cash Frenzy" in Stocks (Ad), Pfizer Just Invested $25 million In This Biotech, Cracks In The Labor Market? Read More View Company Info for Free Who is Duck Creek Technologies Headquarters If people start working here and theyre too busy to learn and grow, then we sold them a false promise., Bond plans to address this challenge by enabling employees to carve out an hour each week for learning and development. It helps agencies manage enrollment, renewal, claims and billing. In Bonds case, the toughest audience was those who had billable hours and struggle to carve out dedicated time for training. I believe that the goal of investment analysis is to basically assess the risk/return ratio and conclude whether an investment is under, over, or correctly valued. Increased capital allows market participants, or potential future market participants, such as "insurtech" companies, to pursue more aggressive strategies, improve existing services or products, try to introduce new services and products, develop disruptive solutions, and consolidate with other vendors. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body. At its peak it traded at an EV-to-(forward)-sales ratio north of 20x. Socotra is a cloud-based, productized insurance core platform enabling carriers to manage complex interactions throughout the lifecycle of policies, whether single line, single state or multi-line, multi-country. I value Duck Creek on an adjusted discount cashflow method taking a long-term view (5 years plus). Mullen Automotive Stock, Where Do You Stand? Analysts Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. Our ranches are privately owned and in some cases farmed and cultivated ourselves. Our Story Merlo Waterfowl JetBlue Ends Alliance With American, Chance Of Spirit Merger? Duck Creek (NASDAQ:DCT) is a controversial company. Develop, Deploy, and Scale P&C Insurance Products at Speed. Overall, I believe that they seem to offer an okay product to the market, but nothing extraordinary. Duck Creek Farm contact info: Phone number: (406) 565-1809 Website: www.duckcreekfarm.com What does Duck Creek Farm do? According to its latest annual report, most of the revenue growth can be attributed to the increase in subscription revenue from new customers as well as existing customers. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. This is also evident in the numbers reported by the two companies. NLS Duck Creek - Market Share, Competitor Insights in - 6sense The company attributes the deceleration in both measures due to the deals that have been delayed because of the uncertain economic outlook, even though they remain very optimistic about their future deal pipeline. This should bode well for Duck Creek's revenue and earnings growth going forward, and makes the discount it trades at relative to Guidewire unjustified in my view. Duck Creek Duck Creek Alternatives in P&C Core Platforms, North America 4.2 25 Ratings compare_arrows Compare rate_review Write a Review file_download Download PDF Products: Duck Creek Claims, Duck Creek Suite, Duck Creek Billing, Duck Creek Policy Overview Reviews Alternatives Likes and Dislikes Competitors and Alternatives to Duck Creek The team at BriteCore has consistently offered exceptional support over the 10 years we've been live on the platform. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Resources assigned to our project were highly engaged and knowledgeable. We will contrast the two companies based on the strength of their media sentiment, profitability, dividends, institutional ownership, earnings, analyst recommendations, community ranking, valuation and risk. And Gen Z is loving it, Yellen says Washington might 'respond to unintended consequences' for China due to tech export curbs, South Korean lawmakers berate IAEA chief over Japanese plans to release treated Fukushima wastewater, Mexican military to take over airports as president takes aim at corruption, mismanagement, The FDA is being asked to look into Logan Paul's energy drink, which has the caffeine of 6 Coke cans, German government wants ex-minister to foot $267 million bill for a failed highway toll plan, From poverty to power, new California Speaker seeks Democratic caucus unity but offers few details. The dedication of each of the teams to put in extra time to keep the project on schedule. See insights on Duck Creek Technologies including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. Comparatively, 91.1% of Sprout Social shares are owned by institutional investors. COMING SOON - New MarketBeat All Access tools are being released on Monday. Levis: Buy On The Dip Or Downtrend In Play? A private equity player, Apax, then bought a stake in Duck Creek in 2015, and the company was finally IPOed in 2020. Click here to find out more . To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Guidewire products enable insurers to engage customers, increase ma, Cogitate Technology Solutions develops modern for the Property & Casualty Insurance Industry. I have no business relationship with any company whose stock is mentioned in this article. The main competitors of Duck Creek Technologies include Akerna (KERNW), Alfi (ALFIW), Arqit Quantum (ARQQW), Auddia (AUUDW), Cuentas (CUENW), CuriosityStream (CURIW), Data Storage (DTSTW), DatChat (DATSW), Grom Social Enterprises (GROMW), and Near Intelligence (NIRWW). Firm Wins $2 Billion in Contracts for Breakthrough 'Living Software'. Duck Creek Technologies's top competitors include Federato, Ignatica, and Artificial intelligence Driven Analytics. Prior to joining Flagship Asset Management, I worked at Coronation Fund Managers for 9 years in their Global and Global Emerging Markets teams, and co-founded a global equities boutique at Old Mutual Investment Group. I have been investing internationally for over 15 years.I am a qualified chartered accountant and CFA charter holder.Any opinion expressed is my own opinion and not that of Flagship Asset Management. Our Story. AI Creates New Cancer Drug - In Just 30 Days! So almost at 4. The reason for this is that Duck Creek went "all in" with its cloud solution in 2016/17, at the expense of its (perpetual/term) license business, while Guidewire continued to do business on the same terms it had always done business. Rather than focusing just on the insurance products offered, technology and data insight may provide a fantastic opportunity to personalize the user experience. This site is protected by hCaptcha and its. Instanda is a management tool that empowers insurers, brokers and MGAs to build and launch any insurance product within unprecedented timescales, and then distribute and self-manage it online, globally. What learning activity are you currently engaging in? Sprout Social beats Duck Creek Technologies on 11 of the 18 factors compared between the two stocks. Todays consumers not only expect coverage that fits their needs, but also a user experience that meets them where they are in their time of need. It centrally secures all data and documentation in multiple folder levels for a streamlined viewing, sharing and tracking experience. If we are serious about growing our leaders, which I believe we are, we must agree that spending this money is worthwhile. We are a homeowner owned Association with 257 lots and about 186 owners located 31 miles east on Highway 14 from Cedar City in Southern Utah's Color Country. Out-of-the-box reports and dashboards. Improved process and underwriting times dramatically. You may opt-out by. contact@marketbeat.com Biden To Unleash "Choke Point" Operation On America? Its integrated and open architecture makes it easy to manage accounts, business processes, customer relationships, policies, financial markets and sales. I believe that the competition is getting increasingly more competitive, while I think its product is decent but nothing extraordinary. What is your biggest priority for your leaders? These modules can be bought on an a la carte basis or as a package. And once we got into that decision process, we took it a step further and did a proof of concept with Duck Creek. One of the most successful vendor product implementations at our organization! Very effective partnership resulting in a quality implementation. Genasys is an end-to-end policy and claims admin platform that provides modular insurance solutions for insurers, MGAs, and brokers. All rights reserved. Majesco (NASDAQ: MJCO) is a provider of core insurance technology software and IT services to carriers worldwide. Duck Creek Technologies has 3 employees across 9 locations and $302.92 m in annual revenue in FY 2022. Who are Duck Creek Technologies 's competitors? Property and casualty insurance (P&C) refers to a wide variety of insurance products. Identify stocks that meet your criteria using seven unique stock screeners. Furthermore, due to operational efficiencies, it saw its profit margin improve to close to 0. Using crowdsourced data from over 1,000 real The company was founded in 2011 and is based in Chicago, Illinois. Active contributors also get free access to SA Premium. This means that Duck Creek's target market is only 10% penetrated. Each company is represented with a line over a 90 day period. It consolidates internal and external data to support operational and analytical needs, such as reporting, predictive modeling and other high-level analytics to better compete in the marketplace. Identify stocks that meet your criteria using seven unique stock screeners. Basic valuation and performance-related statistics of Duck Creek and Guidewire: Duck Creek is quite a bit cheaper compared to its close competitor, Guidewire Software, while setting much higher growth rates. Top 10 Duck Creek Policy Alternatives & Competitors | G2 Duck Creek Properties Residents Association Inc Company Profile Our usage data goes back 5 years and 11 months. We are all valued contributors. Get daily stock ideas from top-performing Wall Street analysts. Low-code development platforms. Duck Creek Technologies (NASDAQ:DCT) and Sprout Social (NASDAQ:SPT) are both mid-cap computer and technology companies, but which is the superior investment? Darin Bond Duck Creek's First Move: Exploring, Measuring and Setting Priorities Bond's first move as senior manager of learning and development was to intake as much data on the people and the. See what's happening in the market right now with MarketBeat's real-time news feed. Predictive analytics provides feedback on how to streamline workflows, increase productivity and get the most value out of time spent. The contribution of its "subscription and support" revenues (assume that's analogous to what Duck Creek calls "subscription" revenues) to its total revenues is relatively small. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. Work for Duck Creek Technologies? When you first come on board as a learning professional, spend a good amount of time assessing, asking lots of questions, meeting as many people as you can, and understanding what exists today. It included the introduction of LinkedIn Learning, creating a centralized SharePoint site for all learning content, and launching a company-wide initiative to establish development goals for every Duck. Duck Creek Farm - Overview, News & Competitors | ZoomInfo.com I believe that Duck Creek will achieve a slightly higher operating margin than this because it has fewer legacy versions of its products to maintain. Solution oriented, with a solid, base platform that is highly configurable. Please log in to your account or sign up in order to add this asset to your watchlist. Guidewire earned almost $750 million in its largest financial year (until July 2021) vs. If you have an ad-blocker enabled you may be blocked from proceeding. Get Demo Get Demo Get Demo Get Demo Get Demo Comparatively, 11.9% of Sprout Social shares are owned by company insiders. To see all exchange delays and terms of use please see Barchart's disclaimer. Predictive analytics provides comprehensive insights into policyholder requirements, new business opportunities and market trends. Duck Creek against its competitors including Guidewire, Majesco, Applied Epic, Jenesis. JetBlue Ends Alliance With American, Chance Of Spirit Merger? "The development and delivery of products across the suite has been very successful.". Technology Domains Market Share Versus page; AMS360: 1243: 17.97%: NLS Duck Creek vs AMS360 . Entering text into the input field will update the search result below, 3 basic modules: one for policies, one for billing, and one for claims. Such an extensive analysis would consist of as many as possible relevant qualitative and quantitative aspects that might impact the return and or risk of a specific investment.I especially like writing about undercovered stocks. Augmented AI and machine learning match auto-curated industry-specific solutions with the policyholders who require it. The company also provi. Its core processing unifies analytics, reporting and data to predict client requirements, consumer trends and product demands. Sprout Social received 19 more outperform votes than Duck Creek Technologies when rated by MarketBeat users. Chubb utilizes Duck Creek solutions to support several businesses, including offerings for the small commercial marketplace in North America and claims-related technology in the company's international travel and accident and health insurance businesses. Sign up to receive the latest news and ratings for DCT and its competitors with MarketBeat's FREE daily newsletter. Finally, I use a terminal multiple of 19.2x to value Duck Creek. There are several items to make note of here. Guidewire believes that it will eventually achieve an operating margin of 26%-29%. "Implementation of PAS was easy, Billing has been behind schedule ". My call on Duck Creek is therefore a strong buy. We worked together to overcome any issues that were presented and communicated constantly during the project to lessen the risks inherent with a system project. Agencies can monitor business health and leverage performance against industry benchmarks to make profitable decisions. Our market data is crowdsourced from our user-base of 100,000+ companies. Get daily stock ideas from top-performing Wall Street analysts. Understanding RSI: A Powerful Momentum Indicator for Stock Analysis. Duck Creek Suite Duck Creek Suite Alternatives Top 10 Duck Creek Suite Alternatives & Competitors (1) 5.0 out of 5 Explore the best alternatives to Duck Creek Suite for users who need new software features or want to try different solutions. ". This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. Sure provides a software-as-a-service (SaaS) platform with integrated application programming interface (API) tools for insurance companies, consumer brands, and financ, EIS is an insurance software company that enables insurers to operate like a tech company: fast, simple, agile.