Delos Insurance Selects Guidewire InsuranceNow to Increase Agent Digital Engagement for Business Growth
October 17 2022 - 8:55AM
Business Wire
Wildfire-focused insurance provider to leverage
core operations in the cloud
Delos Insurance Solutions (Delos), a technology-powered
insurance provider, and Guidewire (NYSE: GWRE) announced that Delos
selected InsuranceNow to increase agent digital engagement for
business growth. The company plans to implement InsuranceNow to its
homeowners line of business in the state of California. Guidewire
PartnerConnect Consulting member Exavalu will be leading the
implementation project.
Delos is a managing general agent (MGA) focused on providing
property insurance in catastrophe-affected areas. The insurance
industry has been adept at being on the early edge of understanding
how climate change is making catastrophes more disruptive. While
many insurance companies have pulled out of communities at risk of
wildfire, Delos’ founders recognized a market opportunity in
leveraging their backgrounds in technology and data science to
develop wildfire models and write insurance for the millions of
low-risk homes that the insurance industry miscategorizes as high
risk. The company is transforming their previously manual process
to a digitalized technology platform through InsuranceNow.
“We selected InsuranceNow for its reliability and consistency to
transform the interactions our agents have in working with us. As
an early-stage startup, we have an opportunity to succeed quickly
and don’t want to introduce any unnecessary risk into the company.
Out of all the systems we evaluated, InsuranceNow was the best in
meeting our requirements,” said Delos Founder and Chief Executive
Officer Kevin Stein. “Guidewire is a recognized industry software
platform. InsuranceNow will help increase efficiency and
speed-to-market for our agents. By leveraging InsuranceNow on
Guidewire Cloud, we will be able to take advantage of Guidewire’s
latest technology and innovation, devoting less time to system
maintenance.”
Exavalu President Saurav Basu said, “We’re honored to have been
selected by Delos to implement InsuranceNow to innovate and rapidly
scale the business. We look forward to the partnership with Delos
and Guidewire to deliver success on this initiative.”
“We admire Delos for their eagerness in solving for one of the
most rapidly changing risk areas in the industry,” said Guidewire
General Manager of Claims & InsuranceNow Zachary Gustafson. “We
are honored that Delos has selected InsuranceNow as their core
technology platform as they seek to make catastrophic wildfire risk
better understood and more insurable.”
About Delos Insurance Solutions
Delos Insurance Solutions uses cutting-edge technology to offer
insurance protection to homeowners in communities abandoned by
other insurers because of wildfire risk. Founded in San Francisco
in 2017 by aerospace engineers, Delos uses satellite imagery and
artificial intelligence to identify insurable homes within
territories deemed too risky by the rest of the insurance market.
Delos is a Managing General Agent (MGA) offering policies on behalf
of insurers rated “A-” (Excellent) or higher by AM Best. For more
information, visit https://www.getdelos.com/.
About Exavalu
Exavalu is a Specialized Digital Transformation Advisor &
Digital Solutions Partner for the Insurance Industry. Founded by
former Industry CIOs and Consulting Executives with background in
complex transformation and change Initiatives within the Insurance
Industry, Exavalu brings the best in Strategic Advisory and Digital
Solutions delivery on Industry leading technology platforms. For
more information, please visit https://www.exavalu.com/.
About Guidewire Software
Guidewire is the platform P&C insurers trust to engage,
innovate, and grow efficiently. We combine digital, core,
analytics, and machine learning to deliver our platform as a cloud
service. More than 500 insurers in 38 countries, from new ventures
to the largest and most complex in the world, run on Guidewire.
As a partner to our customers, we continually evolve to enable
their success. We are proud of our unparalleled implementation
track record, with 1,000+ successful projects, supported by the
largest R&D team and partner ecosystem in the industry. Our
marketplace provides hundreds of applications that accelerate
integration, localization, and innovation.
For more information, please visit www.guidewire.com and follow
us on Twitter and LinkedIn.
NOTE: For information about Guidewire’s trademarks, visit
https://www.guidewire.com/legal-notices.
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version on businesswire.com: https://www.businesswire.com/news/home/20221017005139/en/
Diana Stott Director, Communications Guidewire Software, Inc.
+1.650.356.4941 dstott@guidewire.com
Delos Insurance Solutions contact@getdelos.com
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