Smart Approach Blog

Welcome to Guidewire’s blog for P&C insurance. Here we'll share our experiences and lessons learned from more than 300 implementation projects. We'll also offer our point of view on industry trends and advice to help you adapt and succeed on your journey of continuous improvement.

When is the last time you bought a DVD from a brick and mortar store? Can you recall waiting a week in between television shows, instead of binging 12 episodes in a row? This ‘Netflix Effect’ has revolutionized the way people consume media. The nearly $20 billion company completely transformed the media services industry as we knew it.... Read More >
I’m excited that the ski season is about to start where my family and I live in Northern California. I’m even more excited we’ve arrived at Banff, the second release in Guidewire’s bi-annual release cadence! In June we released Aspen, the most important release in Guidewire’s history, where we introduced Guidewire Cloud Platform and reimagined core platforms. ... Read More >
Despite the high-profile nature of cybercrime, risk transfer has barely scratched the surface of this peril, with cyber insurance accounting for approximately 0.3% of the global property and casualty market. What is holding insurers back from this potentially profitable market? ... Read More >
The impact of cybercrime on the global economy is growing at a rapid pace. By next year, global cybercrime losses could reach a staggering $6 trillion according to the World Economic Forum. And yet the global cyber market is currently worth a mere $7 billion. ... Read More >
Recognizing the technological winds of change, P&C insurers in the post-pandemic era are revising their digital transformation plans, with many accelerating them. I recently spoke with Karen Furtado, Partner at SMA, to explore the topic of two-speed transformation and understand what it means for today’s insurers. ... Read More >
The previous parts in this series on taming the uncertainty of ransomware risk advanced a playbook approach to reducing conceptual uncertainty of ransomware risk, and revealed the value of risk factors in reducing empirical uncertainty. Here we bookend this series by delving into the cyber insurance implications of these approaches to reducing ransomware risk. ... Read More >
The first part in our series on taming the uncertainty of ransomware risk spotlighted a playbook approach to reduce the conceptual uncertainty surrounding ransomware risk. In this sequel, we drill down to offer a risk factor-based approach to help tame the empirical uncertainty surrounding this cyber risk. ... Read More >
In this three-part blog series we tame the uncertainty of ransomware risk a la carte. For starters, we summon a playbook approach to reduce the conceptual uncertainty surrounding ransomware risk. We bookend this series by delving into the cyber insurance implications of these approaches to reducing ransomware risk.   ... Read More >
We’re always looking for ways to deliver fast, predictable solutions for customers on the Guidewire journey. We realized that one critical area where we could have a big impact on reducing customer costs is standardizing solutions for the most common integrations. That’s why we created the Cloud Integration Delivery Service. ... Read More >
It has been difficult for the insurance industry to formulate a proper vision for their use of predictive analytics. Executives who set their company’s direction tend not to understand the scope of what is possible and lack direct experience with the benefits and challenges. Conversely, those who do have more experience and understanding tend not to be in a position to establish a corporate-wide vision. ... Read More >

Pages

Get started