Guidewire Named ‘Risk Modeller of the Year’ at Reactions London Market Insurance Awards
July 02 2018 - 5:00AM
Business Wire
Guidewire’s Cyence Risk Analytics’ data
listening and machine learning application for modelling 21st
century risks boosts insurer and broker cyber risk
understanding
Guidewire Software, Inc. (NYSE: GWRE), a provider of the
industry platform general insurers rely upon, has been named Risk
Modeller of the Year at the recent Reactions London Market
Re/insurance Awards 2018 ceremony for its Guidewire Cyence™ Risk
Analytics (Cyence) product. These awards recognize excellence in
the London Market, and are voted upon by a group of worldwide
insurance and reinsurance market professionals. Guidewire was
acknowledged by the Reactions judging panel for advancing the
insurance industry’s ability to quantify this evolving and complex
risk.
Cyence is a cloud-native economic cyber risk modelling solution
built to help the insurance industry quantify cyber risk exposures;
to prospect, underwrite, and price risks. It also enables insurers
to manage portfolio exposure accumulations and develop new products
with confidence.
“In the past, actuarial science has been used by insurers to
project future risk,” said Yoshi Yamamoto, director, Cyence Risk
Modelling, Guidewire. “With 21st century risks, like cyber,
reputation, and some business interruption, historical claims data
may be limited or non-existent, and the challenge for insurers is
to understand and quantify these risks. Cyence combs multiple data
sources, curates, and refines the output into meaningful data,
relevant to risk quantification and modelling. We are honoured that
Reactions, and the judging panel for this prestigious award, have
recognized the significant capabilities our Cyence Risk Analytics
solution brings to the market.”
About Guidewire Software
Guidewire delivers the industry platform that general insurers
rely upon to adapt and succeed in a time of accelerating change. We
provide the software, services, and ecosystem to enable our
customers to run, differentiate, and grow their business. We are
privileged to serve more than 350 general insurers in 32 countries.
For more information, please visit https://www.guidewire.com.
Follow us on twitter: @Guidewire_PandC.
NOTE: For all information about
Guidewire’s trademarks, visit
https://www.guidewire.com/legal-notices.
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onechocolate CommunicationsDaniel Couzens, +44 (0)20 7437
0227guidewire@onechocolatecomms.co.ukorGuidewire Software (UK)
LtdLouise Bradley, +44 (0)7474 837 860lbradley@guidewire.com
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