Market Overview

Chubb Signs Enterprise License Agreement with Duck Creek Technologies

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Duck
Creek Technologies
announced today that Chubb,
the world's largest publicly traded property and casualty insurance
company and a longtime Duck Creek customer, has signed an enterprise
license agreement to make Duck Creek solutions available to all of
Chubb's business units worldwide. The expanded relationship with Duck
Creek is one component of the insurer's strategic focus on transforming
itself to thrive in the digital age.

"With operations in 54 countries and territories, Chubb values solutions
that are global, scalable and able to support both our traditional
business lines as well as digital initiatives," said Monique
Shivanandan, Chief Information Officer at Chubb. "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. With this agreement, we will extend the platform's
capabilities to our other business lines globally."

"At Duck Creek, we have built a platform with the depth and flexibility
to meet the needs of global insurance companies with varied business
lines," said Michael Jackowski, CEO of Duck Creek. "We are committed to
helping Chubb streamline its operations, deliver world-class customer
service, and bring new and exciting products to market. We're excited to
expand our relationship with Chubb."

About Chubb
Chubb is the world's largest publicly traded
property and casualty insurance company. With operations in 54 countries
and territories, Chubb provides commercial and personal property and
casualty insurance, personal accident and supplemental health insurance,
reinsurance and life insurance to a diverse group of clients. As an
underwriting company, we assess, assume and manage risk with insight and
discipline. We service and pay our claims fairly and promptly. The
company is also defined by its extensive product and service offerings,
broad distribution capabilities, exceptional financial strength and
local operations globally. Parent company Chubb Limited is listed on the
New York Stock Exchange (NYSE:CB) and is a component of the S&P 500
index. Chubb maintains executive offices in Zurich, New York, London and
other locations, and employs approximately 31,000 people worldwide.
Additional information can be found at: www.chubb.com.

About Duck Creek Technologies
Duck Creek Technologies paves
a genuine path to the future for P&C insurance companies. Decades of
insurance experience underpin advanced technologies specifically
designed to accommodate change - allowing carriers to navigate
uncertainty and capture market opportunities faster than their
competitors. Duck Creek solutions are available standalone or as a full
suite. All are available via Duck Creek OnDemand, the provider's SaaS
solution for the P&C insurance industry. For more information, visit www.duckcreek.com.

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