Kube Partners (Kube), an international consultancy and software application company with a focus on the insurance and banking industries, and Guidewire Software, Inc. (NYSE: GWRE), provider of the industry platform general insurers rely upon, today announced that Kube has joined Guidewire PartnerConnect™ as a Solution partner.
Kube offers insurance companies advanced fraud management solutions. Its proprietary platform, Detector, is a web-based application for the detection and end-to-end management of insurance fraud. Developed together with expert claim handlers, Detector has the ability to single out more fraudulent claims and suspicious behaviours than other traditional investigation processes. Detector works by looking for hidden connections, indications of professional fraudsters at play, and minimising "false positives"; thereby helping to increase the efficiency of the company’s anti-fraud activities. As a PartnerConnect Solution partner, Kube plans to employ the Guidewire DevConnect™ developer platform to produce an add-on for Guidewire ClaimCenter™.
"Insurance fraud is not merely an unfair hit on the company financial bottom line, but a cost that impacts society at large. We all pay for the losses caused by fraudsters," said Kube’s Managing Director and co-founder Andrea Guerra. "Fighting fraud is not only good business practice but a moral imperative; in Kube, we are proud to give our best to the greater good."
"We welcome Kube to our Guidewire PartnerConnect Solution community," said Becky Mattick, Senior Director, Solution Alliances, Guidewire Software. "Fraud has always been a matter of serious concern in the industry given the huge costs involved. Integration between Detector and ClaimCenter will support those responsible for investigating and handling suspicious claims by providing them with the necessary anti-fraud tools in their daily activities, as well as integration of anti-fraud procedures in the settlement process."