Smart Approach Blog

Welcome to Guidewire’s blog for property/casualty 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.

How do you price a product when you do not know how much it costs to produce? This is a problem the insurance industry faces every day. While most industries know the cost of materials, labor, and profit margin to calculate the price of their products, insurance does not know the cost of the product when it is sold. The true cost of the product may not be known for many years once all the claims have been paid.... Read More >
Whether you are fixing the kitchen sink, doing yardwork or cooking a meal, it is often essential to have the right tools for the right job. The same applies when it comes to predictive analytics. Solutions for business intelligence, data visualization, and reporting are very different to those for predictive analytics. It’s even important to use the right predictive analytics software, especially when it comes to analyzing insurance data.... Read More >
In honor of International Women’s Day, I am writing to discuss a topic seldom discussed among professionals.  Women. It's true we talk about women all the time, but not about how amazing they are as professionals.  I believe in many ways they represent the most untapped potential in our world.... Read More >
My 4-year old daughter recently participated in a school exercise where she was asked to articulate her dreams and goals for the future when she grows up.  I was fascinated to learn that when she grows up she wants to be a Lego piece.... Read More >
Last November the Zurich Insurance Group hosted the first Insurance Hackathon in the DACH region (Germany, Austria, and Switzerland). It took place in the RheinEnergy Stadion, the home of the local football team, in the heart of the German insurance sector - Cologne. Over a three-day period various teams consisting of developers, designers, and inventors competed against each other to win €50,000.... Read More >
Property and Casualty (P&C) insurance companies today understand that in order to take advantage of opportunities in a fast-changing market, they must ensure their core systems are agile enough to enable such gymnastics. But the financial aspect of a new, modern system can be daunting: Plugging hardware and software line items into an IT budget might bring the scary reality of costs into sharp focus.... Read More >
As global insurance companies move to common IT platforms and applications, they have come to the realization that a “Company Layer” to handle enterprise-level capabilities such as common data for reporting is essential for global operations.... Read More >
I recently participated on a webinar panel hosted by Insurance Networking News. The webinar was about a new Strategy Meets Action (SMA) white paper, “Core Systems, Analytics, and the Data Explosion – Empowering Modern Core Systems with Data and Analytics”.... Read More >
Data drives the digital age! Insurance carriers are realizing the benefits of the Big Data movement. Data provides a 360-degree view of the customer, feeds reporting and predictive analytics, and drives real-time business decisions. So why isn’t it also driving the strategy for implementing claims applications?... Read More >
We’re pleased to announce that the Guidewire Community is now available to all customers and partners. The new online platform replaces the Guidewire Resource Portal and streamlines the customer experience, offering a seamless digital interface for:... Read More >

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