Pricing

Personalized, dynamically updated premiums from a unified, collaborative pricing and rating process.

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Unify Pricing and Rating

In today’s competitive and dynamic market, reactions to change are more important than ever. The pricing and rating process is often fragmented across actuarial, pricing, and IT teams, with manual handoffs creating a critical gap between a rate priced to win and a rate that can be delivered to the market. Guidewire ends the ratemaking relay race by unifying the pricing and rating process.

24%

projected growth in employment of actuaries from 2024 to 2034.

2.8%

of improvement in loss ration due to precise risk modeling.

^{Source: U.S. Bureau of Labor Statistics

Source: Insurance Journal}

Price in Minutes, Not Months

Set adequate premiums sufficient to cover expected claims, expenses, and a reasonable profit while remaining competitive and compliant with regulations.

Accelerate Time-to-Market

Rate deployment is often plagued by manual IT handoffs and fragmented workflows, leading to month-long delays and increased risk of error. Empower pricing teams to deploy approved models directly integrated with policy management. This eliminates the IT bottleneck and collapses the deployment cycle from months to minutes, creating a foundation for intelligent insurance that responds to market changes with unprecedented speed and agility.

Enhance Pricing Sophistication

Static modeling tools lack the flexibility to test new assumptions, leaving pricing teams unable to deploy the advanced strategies needed to stay competitive. Leverage an AI-powered analytical canvas that supports everything from standard GLMs to sophisticated ML techniques like GBMs. This environment enables real-time scenario testing and automated impact analysis, allowing actuaries to build high-fidelity predictive models with the confidence that they will deliver a decisive market advantage.

Lower Operational Costs

Fragmented pricing lifecycles and legacy systems often require costly, custom integrations that create conflicting sources of truth. A single source of truth for the entire end-to-end workflow—from raw data ingestion to AI-driven model deployment—eliminates technical complexity. This streamlined approach to intelligent insurance results in a more reliable, efficient process that removes manual troubleshooting and handoff errors.

Intelligent, Precise, Unified

Guidewire unifies the pricing and rating processes with a single source of truth driving premium growth, higher conversion rates, and a lower loss ratio.

Lifecycle - Policy Management

The Entire Insurance Lifecycle:
Explore Every Stage

Proven Experience, Earned Trust

SEE WHAT OUR CUSTOMERS SAY

Red River Mutual

„'Time is money' is especially true when it comes to pricing decisions. PricingCenter is the tool our actuarial team needed to speed up the process from raw data to usable models to actionable pricing decisions. This process now takes days instead of months."

Amanda Evenson

VP, Data and Analytics

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