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.

Given that Aspen is the launch that changes everything, we at Guidewire took the opportunity to rethink our overall go-to-market approach—including how we name our launches. We were inspired by other software companies, like ServiceNow, which uses major cities and locations, as well as macOS, which uses big cats and locations in California. Names are meaningful. They give things identity. If you think we’re overthinking it, you can read the 244-page e-book that explains the origins of the names of all NASA launch vehicles, satellites, and manned space flights. ... Read More >
Since I joined Guidewire in 2018, the Products and Engineering team has focused on pivoting Guidewire to think and execute cloud-first. As a result, the first Aspen release is an enormous milestone for our customers and the P&C industry—as well as for Guidewire—in terms of both execution and product innovation. ... Read More >
Executing innovation isn't easy, especially in an industry steeped in history and regulations. The property and casualty insurance industry is one of those. The obstacles and challenges are many, including working within the confines of manual activities, human-based servicing, stale product offerings, and a legacy employee mindset. Innovation is a process, one that needs a solid beginning and of course, persistence.... Read More >
Covid-19 is forcing our industry to rethink how insurers do business with their consumers. In this blog series, I will focus on insurtechs in our partner community that are enabling the “new normal” of digital and online business. ... Read More >
The effects of COVID-19 on the U.S. economy have been dire and far reaching. National gross domestic product (GDP) is forecasted to contract 30% in the second quarter of 2020, 30 million Americans have filed for unemployment, and, in April, Goldman Sachs forecasted that S&P 500 firms will decrease cash spending by 33% as liquidity is prioritized, leading to a 27% decline in capital expenditures (CAPEX). ... Read More >
COVID-19 has taken an enormous toll on the U.S. economy, with 33 million unemployment claims, plunging equity markets, and hundreds of thousands of closed businesses. While its impact on the insurance industry could also be significant, the extent of this impact is yet unknown. ... Read More >
August 2020 Update On August 5, 2020, One Inc announced the company has acquired Invenger, including its digital claims payment product, Invenger-InsurPay. Both companies are Guidewire PartnerConnect Solution partners, and while the One Inc Digital Payments Platform includes inbound premiums and outbound claims payment functionality, Invenger-InsurPay focuses solely on digital claims disbursements. The two insurtechs will combine their product lines, services, and resources, leveraging key areas of synergy between their platforms to provide a robust, feature-rich digital payments solution for the insurance industry. ... Read More >
For tech-forward insurers, predictive risk analytics has become key to profitable underwriting in the enormous market for small-business workers’ compensation insurance. But in the age of COVID-19, the competitive importance of these technologies may very well become a make-or-break proposition. ... Read More >
Smart, capable technology decision makers know the insurance industry’s future is digital. They know the insurer of the future will leverage innovative solutions that provide a complete view of the customer and create more nimble onboarding, underwriting, and claims processes. They embrace new technologies and deliver next-century service.... Read More >
The current COVID-19 outbreak and mitigation efforts around the globe have impacted nearly every part of life, and P&C insurance is no exception. With vast numbers of people in the United States working from home, sheltering in place, and driving much less, we continue to look at how the resulting reduction in exposure from these mitigation policies is significantly impacting bottom lines for personal auto insurance. ... Read More >

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