Duck Creek Technologies acquires Risk Control Technologies

Duck Creek Technologies announced the acquisition of Risk Control Technologies (RTC), a Toronto-based risk management and loss control solutions provider. RTC's RiskHub platform will be integrated into Duck Creek's suite of SaaS products to enhance underwriting, policy and claims capabilities for P&C and general carriers. Enabled by AI and machine learning tech, the implementation will provide risk management, mitigation solutions and data-driven decisions for stakeholders across the insurance process.

"As the world faces increasing risks—whether from climate change, cyber threats, or other emerging challenges—having advanced tools to manage these exposures is crucial. Risk Control is a leader in not only identifying potential loss, but preventing it through preemptive risk mitigation," said Mike Jackowski, CEO of Duck Creek Technologies in the announcement. "In addition to sharing Duck Creek's core values, Risk Control's leadership and team members bring a wealth of insurance knowledge and experience. Together, we will help insurers work closely with their policyholders to prevent losses, improve safety and better prepare for the future."

"Being part of Duck Creek Technologies will strengthen our goal to help carriers optimize and increase risk-data coverage across their entire business," said David Da Costa, CEO of Risk Control Technologies, in the release. "We are excited to be part of Duck Creek and to work jointly to deliver modern technology innovations that transform the insurance industry and help insurers strengthen their customer engagements and drive impactful operational efficiencies. We look forward to this new chapter and the enhanced capabilities we can now offer to the market as part of the Duck Creek family."