Paul Mang

Paul Mang

As Guidewire’s Chief Innovation Officer, Paul Mang supports senior executives of insurance organizations in refining their innovation strategies to achieve growth objectives. Paul also leads the Analytics and Data Services go-to-market team to help clients leverage analytics to deliver greater value to policyholders.
Paul Mang
Cyber Risk – The Impact on Financial Health and Reporting

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Cyber Risk – The Impact on Financial Health and Reporting

Just days ago, news media reported that Lloyd's of London was investigating a possible cyber-attack on its servers. And late last month, Microsoft announced a new Microsoft Exchange vulnerability that could compromise corporate email exchange servers.
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Social Inflation: Why Insurers Are Losing the Analytics Race

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Social Inflation: Why Insurers Are Losing the Analytics Race

“Social inflation” has become somewhat of a buzzword on insurers’ earnings calls in recent years – especially over the past 18 months. The phenomenon is responsible for driving up the cost of claims across a range of lines, ultimately affecting insurers’ profitability.
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How HazardHub Carved Out a Unique Service and Value in the P&C Insurance Industry

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How HazardHub Carved Out a Unique Service and Value in the P&C Insurance Industry

In just five years, HazardHub has gone from a relatively unknown entity to the talk-of-the insurance industry, culminating in an acquisition by Guidewire in August 2021. I recently sat down with Bob Frady, the company’s co-founder and CEO, and now the Vice President of Guidewire HazardHub, to discuss what made the company’s journey so special – and how that translated into value for the customer.
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Guidewire Analytics Aids Customers Navigating Colonial Pipeline Cyberattack

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Guidewire Analytics Aids Customers Navigating Colonial Pipeline Cyberattack

The Colonial Pipeline cyberattack has been a major news story in recent weeks. Colonial is one of the largest pipeline operators in the United States. Its infrastructure supplies 45% of fuel on the East Coast - including gasoline, home heating oil, and jet fuel.
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Why the SMB Market Is Changing—and What This Means for Insurers (Part 2)

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Why the SMB Market Is Changing—and What This Means for Insurers (Part 2)

In part one, we challenged insurers to rethink how they serve small and medium-sized businesses in light of the momentous changes triggered by the global pandemic. In part two, we explore in more detail the way forward for those insurers who want to embrace change and, based on the latest advances in analytics, unlock the huge potential in this vast market.
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Why the SMB Market Is Changing—and What This Means for Insurers (Part 1)

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Why the SMB Market Is Changing—and What This Means for Insurers (Part 1)

The small and medium-sized business market will rebound from the pandemic stronger and more resilient than before, but it will be fundamentally altered. Underwriters must act now to prepare for permanent shifts in this lucrative market.
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Debunking the Top Four Cyber Myths Through Behavioral Analytics

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Debunking the Top Four Cyber Myths Through Behavioral Analytics

Despite the high-profile nature of cybercrime, risk transfer has barely scratched the surface of this peril, with cyber insurance accounting for approximately 0.3% of the global property and casualty market. What is holding insurers back from this potentially profitable market?
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Why Insurers Should View Cyber as a Human Risk, Not an IT Risk

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Why Insurers Should View Cyber as a Human Risk, Not an IT Risk

The impact of cybercrime on the global economy is growing at a rapid pace. By next year, global cybercrime losses could reach a staggering $6 trillion according to the World Economic Forum. And yet the global cyber market is currently worth a mere $7 billion.
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COVID-19 and Insurance Economics: Resilience and Risk in the Connected World

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COVID-19 and Insurance Economics: Resilience and Risk in the Connected World

The effects of COVID-19 on the U.S. economy have been dire and far reaching. National gross domestic product (GDP) is forecasted to contract 30% in the second quarter of 2020, 30 million Americans have filed for unemployment, and, in April, Goldman Sachs forecasted that S&P 500 firms will decrease cash spending by 33% as liquidity is prioritized, leading to a 27% decline in capital expenditures (CAPEX).
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