London and Dublin–(business wire)–Guidewire (NYSE: GWRE) announced the launch of a new solution for the London market at a breakfast briefing and panel discussion held today at Lloyd’s.The panel contained speakers Generali (Yanna Winter, CIO of GC&C and Generali UK), Liberty Specialty Market (Mandy Macqueen, Chief Digital Transformation Officer), and QBEs (Matthew Gouldstone, Group CTO) focuses on the innovation and modernization of the London market and the challenges associated with them.
Built on the Guidewire Cloud Platform, Guidewire solutions combine analytics and data built into the core, easy connectivity to third-party systems, and manual processes.
Key features of the solution will enable London Market insurers to:
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Take advantage of efficient premium handling and pre-bound support. That means easier risk capture, faster pricing, and streamlined premium coding.
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Access to full policy lifecycle support – Beyond new contracts, includes expansion of policy and underwriting capabilities for cancellations, mid-term warranties, reissues, and full-term renewals.When
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Efficient billing agreements and resolutions – Through a single system, retrieve documents from central repositories (IMRs) and use display controls, including the ability to select or retain existing gateway providers.
The London market, the world’s largest commercial and professional risk market, has long been known for its expertise and excellence in underwriting virtually all types of risk, but its digital transformation is only possible due to the diversity of its back-office systems. It’s getting difficult.
“The Guidewire platform solves a key challenge for complex commercial insurers, enabling them to consolidate products, accounts, policies and claims into one open platform. Supported by integrated data and analytics. It enables better decision-making and transparency,” said Will McAllister, EMEA Managing Director at Guidewire. “We are focused on the success of our customers’ technology transformation journeys in this market and look forward to supporting them in providing them with cutting-edge services and products.”
About the guide wire
Guidewire is the platform P&C insurers trust to engage, innovate and grow effectively. We combine digital, core, analytics and AI to deliver our platform as a cloud service. More than 500 insurers in 38 countries rely on Guidewire, from new ventures to the world’s largest and most complex companies.
As your partner, we are continuously evolving to enable your success. We have an unparalleled track record of implementations with over 1,000 successful projects supported by the industry’s largest R&D team and partner ecosystem. Our marketplace offers hundreds of applications that drive integration, localization and innovation.
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