Guidewire Software Announces Next Version of its Hosted Analytics App for Underwriters

Guidewire Software Announces Next Version of its Hosted Analytics App for Underwriters

Spotlight 2.0 helps insurers grow business profitably by improving underwriting precision
FOSTER CITY, 10 marzo, 2016

Guidewire Software® (NYSE: GWRE), a provider of software products to Property/Casualty insurers, today announced the availability of a new version of its Guidewire LiveSM app for insurance underwriters. Guidewire Live Spotlight™ is an instant-on hosted application that empowers underwriters to make better decisions by automating the assessment of location-based risk.

Guidewire Live Spotlight brings together relevant data from internal and external sources, applies company specified algorithms to generate peril-based alerts, and presents the evaluation results to the underwriter visually for detailed interaction. With Spotlight, underwriters can rapidly and accurately evaluate new submissions by loading data sources such as flood or crime risk and by enforcing consistent application of those data sources through insurer configured underwriting guidelines.

Spotlight 2.0 addresses location inaccuracies, inconsistencies in the underwriting process within the organization, and the need to make more transparent decisions by providing the following new capabilities:

  • Virtually measure and validate a building footprint simply by outlining the perimeter of the building on a map;

  • Capture an Underwriting Snapshot to create a historical record of the rationale behind an underwriting decision;

  • Leverage Spotlight’s Risk Assessment Service API to allow any policy administration system to receive risk assessment results and updated located geocodes from Spotlight; and

  • Purchase access to additional instant-on underwriting data sources, starting with crime risk *, to improve underwriting decision quality.

“Spotlight has been expressly built to aid Property/Casualty underwriters to evaluate and select more profitable risks,” said Eugene Lee, vice president and business owner, Data and Analytics, Guidewire Software. “With Spotlight 2.0, we are excited to bring additional functionality to improve automation and straight through processing, facilitate adoption of new data sources, and enable more consistent underwriting decisions.”

Guidewire Live Spotlight is currently available to insurers in the U.S., Canada, U.K., Australia, and New Zealand. Spotlight can be integrated with Guidewire PolicyCenter® or with the insurer’s existing policy administration system while they await their deployment of PolicyCenter.

Sobre Guidewire

Guidewire es la plataforma en la que las compañías de seguros generales confían para colaborar, innovar y crecer de manera eficiente. Combinamos capacidades digitales, core, analytics y aprendizaje automático para ofrecer nuestra plataforma como servicio en la nube. Más de 540 aseguradoras en 40 países, desde nuevas empresas hasta las más grandes y complejas del mundo, utilizan Guidewire.

Como partner de nuestros clientes, evolucionamos continuamente para garantizar su éxito. Estamos orgullosos de nuestro historial de implementación sin igual, con más de 1.600 proyectos completados con éxito, respaldados por el equipo de I+D más grande y el ecosistema de partners más amplio de la industria. Nuestro marketplace tiene cientos de aplicaciones que aceleran la integración, la localización y la innovación.

Para obtener más información, visite www.guidewire.es y síganos en X (anteriormente conocido como Twitter) y LinkedIn.

Contacto de prensa

Contacto

Email: pr@guidewire.com