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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 Calif., 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.

Guidewire Software

Guidewire è la piattaforma su cui le compagnie d'assicurazione del ramo danni (P&C) fanno affidamento per coinvolgere, innovare e crescere in modo efficiente. Combiniamo digitale, processi di core business, analisied IA al fine di fornire la nostra piattaforma sotto forma di servizio cloud. Più di 400 compagnie d’assicurazione, dalle start up a quelle più grandi e complesse al mondo, si avvalgono di Guidewire.

Siamo orgogliosi dei nostri successi senza precedenti, con più di 1.000 progetti, supportati dal team di ricerca e sviluppo ed dal nostro ecosistema di partner di settore più grande in assoluto. Il nostro marketplace fornisce centinaia di applicazioni che accelerano integrazione, localizzazioneed innovazione.

Per maggiori informazioni, visita il sito www.guidewire.it e seguici su Twitter: @Guidewire_PandC.

Contatto Global Media

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Email: pr@guidewire.com

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