Predictive Analytics

An advanced machine-learning platform that turns data into actionable insights—empowering insurers to make smart data-driven decisions throughout the insurance lifecycle

Across the enterprise, Guidewire Predictive Analytics™ helps property and casualty insurers adapt and succeed as they progress along their journeys to becoming organizations that are driven by data and analytics. By building predictive models from multiple data sets, analyzing model output, and deploying predictive models to provide front-line guidance to decision makers, insurers can realize significant reductions in loss ratio and expenses while growing the top line.

Predictive Analytics Benefits
 

Enable a smarter insurance operation
Giving insurers the ability to:

  • Embed machine-learning algorithms throughout the insurance lifecycle to make better data-driven decisions
  • Improve the productivity of actuaries, underwriters, claims adjusters, and agents

Reduce expenses
Helping insurers:

  • Identify the value of third-party data in predicting outcomes and enable more targeted use of the data, such as motor vehicle reports (MVRs), property inspections, and credit reports
  • Lower loss adjustment expenses by reducing re-adjudication and enabling more accurate claims triage

Grow profitably
Enabling insurers to:

  • Improve rating sophistication and granularity
  • Identify and address pricing inaccuracies
  • Target new market opportunities and react more quickly to market changes

Predictive Analytics Apps

Explore

Predictive Analytics for Claims
Specialized for a specific set of claims problems such as claim severity, claim routing and assignment, and claims with the potential for litigation or subrogation
Download the data sheet

Claim Canvas

Predictive Analytics for Profitability
Tuned for important insurance portfolio questions such as ratemaking, underwriting risk selection, underwriting cost reduction, customer lifetime value, portfolio optimization, and marketing distribution
Download the data sheet