Make Data-Driven Decisions with EY and Databricks’ New Guidewire Cloud Integration
06 Junho 2024 - 9:55AM
Business Wire
Guidewire (NYSE: GWRE) announced that EY and Databricks’ new
Ready for Guidewire validated accelerator is now available to
Guidewire Cloud users in the Guidewire Marketplace.
The EY and Databricks Insurance Insights Platform (IIP) for
Guidewire integration enables insurers to securely harness the
power of Guidewire Cloud Platform (GWCP) data through the creation
of a replicated data-model in the Databricks Data Intelligence
Platform. The accelerator connects insurers to EY’s solution called
Guidewire Replicated Database, which leverages Guidewire Cloud Data
Access (CDA) and enables self-serve access to the data in near-real
time, providing flexibility and expanded opportunities for
analytical and reporting use cases. Insurers can enrich GWCP data
with other internal and external data sources, enabling profound
insights in their Databricks environment.
The integration gives insurers access to normalized data sets
they can leverage for operational and regulatory reporting. It also
shapes GWCP data to fit into the standard insurance data model for
analysis and use in dashboards. Customers can configure data
pipelines and share data across their organizations to enable
artificial intelligence (AI) use cases in their Databricks Data
Intelligence Platform.
Users can also use IIP itself for its robust reporting and
analytics abilities, as it incorporates Databricks’ generative AI
features to interpret and analyze data, helping insurers make
nuanced, data-driven decisions. IIP offers a web-based portal to
configure pipelines and data sets, along with numerous pre-built
dashboards, reports, and analytical use cases.
"Our combined efforts with Guidewire and Databricks empower us
to seamlessly incorporate cutting-edge technologies and data-driven
strategies into Guidewire's cloud platform,” said Alok Bhargava,
Principal, Insurance AI & Data Leader, EY. “Through this
partnership, we develop innovative and robust solutions tailored to
address our clients' varied needs, effectively navigating the
ever-changing insurance landscape."
"Databricks' inclusion in the Guidewire Marketplace is a
game-changer for the insurance industry. Our solution provides more
flexibility and a better opportunity to utilize the data for
building analytical use cases. Customers can continue to run their
existing reports and downstream extracts without any change to the
underlying data structure. This solution is expected to bring down
the overall effort and cost, driven by efficiency gains from data
extraction, data integration and data reconciliation,” said Marcela
Granados, Global Head of Insurance, Databricks.
“Congratulations to EY and Databricks on the release of their
new Guidewire Cloud accelerator,” said Will Murphy, Vice President,
Global Technology Alliances, Guidewire. “This integration
streamlines data consumption to help our shared customers easily
access GWCP data for expanded data application and extract
additional insights by blending GWCP data with other data
sources.”
About Guidewire PartnerConnect ecosystem and Ready for
Guidewire
Guidewire’s solution ecosystem is the largest in the P&C
industry, with over 210 solution partners providing over 260
integrations in the Guidewire Marketplace. Guidewire PartnerConnect
Solution partners provide software, technology, and data solutions
as well as insurance support services. Our Solution partners help
drive business value and innovation for insurers by developing and
delivering integrations, extensions, apps, and other complementary
solutions for Guidewire products. All of our Ready for Guidewire
partner solutions are validated for security, quality, and
compatibility with Guidewire, and can be found in the Guidewire
Marketplace.
For more information about Guidewire PartnerConnect, please
visit http://www.guidewire.com/partners.
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 540 insurers in 40 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 more than 1,600 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 X (formerly known as 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/20240606546719/en/
Melissa Cobb Senior Public Relations Manager Guidewire Software,
Inc. +1.650.464.1177 mcobb@guidewire.com
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