Guidewire: The Innovation Platform for the London Market
October 18 2022 - 6:30AM
Business Wire
Guidewire launches new digital and data-driven
solution, dedicated to specific needs of London Market
Guidewire (NYSE: GWRE) announced the launch of its new solution
for the London Market at a breakfast briefing and panel discussion
held today at Lloyd’s. The panel included speakers from
Generali (Yanna Winter, CIO for GC&C and Generali UK),
Liberty Specialty Markets (Mandy Macqueen, Chief Digital
Transformation Officer), and QBE (Matthew Gouldstone, Group
CTO), with a focus on London Market innovation and modernisation,
along with their related challenges.
Guidewire’s solution, built on the Guidewire Cloud platform, is
focused on the success of London Market insurers by offering
end-to-end capabilities from placement to settlement, through
core-embedded analytics and data, easy connections with third party
systems, and automation of manual processes.
The solution’s key features mean that London Market insurers
can:
- Leverage efficient premium handling and pre-bind support –
meaning simplified risk capture, accelerated pricing procedure, and
streamlined premium coding;
- Access full policy life-cycle support – comprising extension of
policy and underwriting capabilities, beyond new business, to
accommodate cancellation, mid-term endorsement, reinstatement, and
full-term rewrites; and
- Agree and settle claims effectively – through a single system,
pulling documents from a central repository (IMR) with viewing
controls, including the ability to choose or retain existing
gateway providers.
As the largest global commercial and specialty risk market, the
London Market is long known for its expertise and excellence in
underwriting virtually any type of risk, but its digital
transformation is made difficult because of diverse back-office
systems.
“The Guidewire platform solves key challenges for complex
commercial lines insurers and enables the consolidation of
products, accounts, policies, and claims into one open platform;
supported by integrated data and analytics for better
decision-making and transparency,” said Will McAllister, Managing
Director – EMEA, Guidewire. “We’re focused on the success of our
customers in this market on their technology transformation
journeys and look forward to supporting them as they deliver
cutting-edge services and products to their own customers.”
About Guidewire
Guidewire is the platform general insurers trust to engage,
innovate, and grow efficiently. We combine digital, core,
analytics, and AI 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/20221018005076/en/
Daniel Couzens Allison + Partners +44(0)203 971 4308
guidewire@allisonpr.com
Louise Bradley Senior Manager, Media & Analyst Relations –
EMEA Guidewire Software +44 (0)7474 837 860
lbradley@guidewire.com
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