SambaSafety, a market leader in mobility risk data solutions, and Guidewire Software, Inc. (NYSE: GWRE), provider of the industry platform Property and Casualty (P&C) insurers rely upon, today announced that SambaSafety has joined Guidewire PartnerConnect™ as a Solution partner. The companies also announced that SambaSafety’s new Ready for Guidewire validated accelerator is now available to insurers in the Guidewire Marketplace.
SambaSafety’s Ready for Guidewire accelerator makes it easy for insurers on Guidewire PolicyCenter™ to leverage the underwriting benefits of SambaSafety PolicyWatch™. PolicyWatch offers comprehensive driver data by combining historical driving records (Baseline, Database and Vault MVRs), activity updates, and instant delivery of state MVRs. At its foundation is a decision engine designed to not only optimize the cost of MVR ordering at bind time, but also to enhance an insurance customer’s buying experience by enabling insurers to provide better pricing at quote through more cost-effective provision of driver data.
“Insurers continue to seek driver insights that can improve their ability to accurately price driver risk and improve underwriting performance,” said Rich Lacey, EVP of Product Management, SambaSafety. “SambaSafety’s Ready for Guidewire accelerator provides underwriters with access to an enhanced decision engine so instead of running MVR reports on all drivers, they only need to order MVRs when violation activity is present or when activities align with their underwriting rules and rating guidelines, saving time and costs.”
With the SambaSafety Ready for Guidewire integration, insurers can:
More accurately assess and price driver risk;
Align MVR orders with underwriting rules and rating guidelines through an insurer configurable rules engine;
Reduce and/or optimize spending on MVRs;
Streamline operations with an efficient underwriting report ordering and review process for driver information; and
Improve conversion rates on new business quoted.
"We welcome SambaSafety as our newest Guidewire PartnerConnect Solution partner,” said Neil Betteridge, Vice President, Strategy, Guidewire Software. “SambaSafety’s Ready for Guidewire accelerator provides an easy integration to driver insights for use throughout the policy life cycle, and we are pleased that these capabilities are now available to our mutual insurer clients who are continually seeking ways to leverage new data sources to innovate in sales and underwriting.”
About Guidewire Software
Guidewire is the platform P&C insurers trust to engage, innovate, and grow efficiently. We combine digital, core, analytics, and AI to deliver our platform as a cloud service. More than 400 insurers, from new ventures to the largest and most complex in the world, run on Guidewire.
As a partner to our customers, we continually evolve to enable their success. We are proud of our unparalleled implementation track record, with 1,000+ successful projects, supported by the largest R&D team and partner ecosystem in the industry. Our marketplace provides hundreds of applications that accelerate integration, localization, and innovation.