Partner Perspective

In 2020, digital customer experience continues to be a top priority for the insurance industry. Consumer demands are driving digital evolution and forcing the industry to embrace an accelerated pace of change and exponential advances in technology. Insurers are seeking new strategies to develop technological capabilities, access new channels, and expand offerings to deliver the customer experience that consumers expect. ... Read More >
While working on some of the biggest Guidewire projects in Germany we have experienced how the right mind-set is a crucial factor: In order to ensure that the technological potential of modern core systems is fully utilized, it is vital to promote a digital mindset in the German insurance industry or at least in the project organization.... Read More >
Back in Autumn 2017 there was remarkable news from Germany: A new car insurer arrived in the market, offering pay-per-mile invoicing and completely digitally driven. Not only did they manage to introduce a new and innovative product, the company also implemented Guidewire InsuranceSuite™ within a record-breaking timeframe of 60 working days.... Read More >
No financial organization wants to consciously or deliberately cooperate in money laundering practices or even terrorism, and that certainly applies to insurance companies. ... Read More >
Email is a mixed blessing for commercial lines insurers: It’s a fast, convenient way to communicate with policyholders, but because of email’s freewheeling format, every message is different and standards are few.... Read More >
Insurance companies consume terabytes of information every day in the form of digital data. Valuable data is being provided by more and more sources, which quickly paint a reliable picture of a risk or a submitted claim and make it possible to filter out unwanted risks and fraudulent claims. State-of-the-art technology is required to process this influx of information and convert it into applicable knowledge and insights. ... Read More >
“By analyzing driving data like hard breaking, speed, and time during an accident, telematics can help insurers more accurately estimate damages after an accident and even reduce fraud.” - National Association of Insurance Commissioners  ... Read More >
Around the globe, automobile insurers are dealing with a new hazard in driving. With the proliferation of smartphones and connected car technology, more and more drivers are distracted while driving. ... Read More >
IT dollars are scarce in the insurance industry; the IT spend is closely scrutinized and a strong business case is necessary to secure those funds. For this reason, developing a good business case for a Guidewire upgrade project is the first step in getting approval for funding.... Read More >
There’s no question that autonomous vehicle technology could make cars safer and significantly reduce the frequency of auto claims.... Read More >

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