Duck Creek Reports Record Bookings in Fiscal Year 2026 Driven by Cloud and AI Adoption
Duck Creek Technologies closed fiscal year 2026 with record new bookings, marking one of its strongest quarters ever. The company reported a 15% annual recurring revenue growth and net revenue retention of 111%, driven by cloud modernization efforts, expansion within existing customers, and the adoption of AI-driven solutions. The momentum was fueled by continued migration to Duck Creek's intelligent core platform across multiple lines of business and global markets. The company also expanded its Agentic AI Platform capabilities through strategic initiatives like the July 2026 acquisition of Send Technology Solutions, which enhanced underwriting orchestration with AI-native tools. This integration allows insurers to make faster, more profitable decisions by streamlining submission intake, risk assessment, and policy execution. Additional highlights include new customer wins across core insurance solutions, global expansion efforts in the London Market, and industry recognition such as being named a Leader in Everest Group's 2025 Underwriting Orchestration Products PEAK Matrix® Assessment. Duck Creek also launched innovative AI tools like its Agentic Product Configurator, which accelerates product development by over 50%.
Topics: AI integration cloud adoption insurance technology revenue growth