Guidewire Predictive Analytics for P&C Insurance
Predict
Predict
Embed insights into underwriting and claims processes with predictive analytics for P&C insurance. Make smarter decisions on risk selection, pricing, claims triage, and settlement.
Deliver Insights Directly Into Underwriting and Claims Processes
Rapidly Build, Import, Tune, Deploy, and Monitor Models
Build and Import
Build new predictive models using a variety of machine-learning algorithms such as decision trees, GLM/GAM, neural networks, and text mining. Import ready-to-use models built using popular open-source data science languages like R and Python.
Deploy and Integrate
Create and deploy complex modeling solutions to endpoints that can be called through an API. Rapidly operationalize modeling solutions into underwriting and claims processes and drive adaptive workflows with codeless configuration.
Measure and Monitor
Perform model health checks and detect data and feature drifts in real time. Measure and monitor model performance and prove the business benefits. Learn continuously and adjust as business conditions evolve.
Drive Insurance Premium Growth, Maximize Profitability, and Improve Customer Satisfaction
Predict helps P&C insurance companies improve risk selection, pricing, retention, and claims outcomes.
Powerful Underwriting Analytics
Empower underwriters and actuaries to improve risk selection, pricing, and retention while reducing expenses – setting the standard for the insurance industry.
Support Claims Management
Provide claims teams with the tools to improve operational efficiency, reserving accuracy and claims outcomes while boosting customer satisfaction.
Smart Predictions That Improve Underwriting and Claims Performance
Improve Risk Selection and Pricing
Use internal, external, third-party, and cooperative data to predict risk factors that degrade loss ratios.
Improve rating sophistication by augmenting traditional GLM/GAM pricing techniques with cutting-edge modeling.
Enable actuaries to tune prices to market conditions and make automated rate updates.
Retain Profitable Customers
Reduce churn risk with data-driven insights and real-time monitoring.
Engage with customers throughout the policy lifecycle on the right channel and at the right time.
Accelerate growth with more cross-sell and up-sell.
Improve Claim Outcomes
Run predictive analysis at FNOL and regular intervals to identify and escalate potential severe claims early.
Optimize adjuster workloads and improve customer service with constant contact and reduced cycle times.
Set accurate reserves by identifying the true exposure potential.
Reduce Underwriting Expenses
Determine the most cost-effective inspection level for new submissions and renewals.
Automate cost/benefit estimation of the value of ordering additional third-party reports.
Increase the straight-through processing rate with automation.
Learn More About Predict. Request a Call, Schedule a Demo, or Ask Us a Question.
Proven Experience. Earned Trust. 100+ Global Customers Leverage the Power of Predict.
Proven Experience. Earned Trust. 100+ Global Customers Leverage the Power of Predict.
An Unmatched Commitment to Our Customers
“We were very, very successful right out of the gate with our auto-predictive model in Guidewire. We turned around our loss ratio the first year by 15% to 20%."
Subhasis Mukherjee, Former Vice President and CIO, Pekin Insurance
Predict: Dive Deeper With These Resources
Guidewire Predict Data Sheet
Enabling AI throughout the insurance lifecycle.
Phases of Predictive Analytics Maturity
Understanding the phases on the way to efficiency.