CONNECTIONS CONFERENCE – Guidewire (NYSE: GWRE)
announces Innsbruck, its latest cloud release, which helps insurers
take advantage of market opportunities with advancements in
customized digital experiences, risk insights, and claims
automation. Innsbruck* will be unveiled at Connections, Guidewire’s
customer conference, on November 13. Keynotes will be livestreamed
and available on-demand. To view the livestream, visit
connections.guidewire.com.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20231112453088/en/
With this release, a record number of new functional
capabilities will become generally available, including Jutro
Digital Platform (Jutro) which empowers insurers to
build digital experiences for any user across any line of business
or distribution channel. Predict now includes Tune, a
framework for actuaries to evaluate pricing strategies for
maximizing growth and profitability. Predict also adds Analytics
Manager to embed insights into underwriting and claims
processes with codeless configuration. Underwriters can quickly and
accurately assess risk for Canadian properties with
HazardHub. Autopilot Workflow Service automates
business processes across the P&C insurance lifecycle, with an
initial focus on optimizing claims workflows. Data Studio
accelerates time-to-value for business insights and analytics by
making it easy to define curated operational datasets from
InsuranceSuite core data.
InsuranceNow Update Automation enables insurers to update
to the latest Guidewire Cloud release in weeks, not months,
leveraging automated functional testing and delivery of new
environments. New products for InsuranceNow GO enable
insurers to launch a full commercial package policy up to 50%
faster than building new products from scratch.
*Innsbruck release will be generally available on December 1,
2023. Some limits may apply.
About Guidewire
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/. All products mentioned in
this announcement are Guidewire products. Not all products are
available in every geography or to self-managed customers. Any
unreleased services or features referenced in this, or other press
releases or public statements are not currently available and may
not be delivered on time or at all. Customers who purchase
Guidewire applications should make their purchase decisions based
upon features that are currently available.
Cautionary Language Concerning Forward-Looking
Statements
This press release contains “forward-looking statements” within
the meaning of the “safe harbor” provisions of the Private
Securities Litigation Reform Act of 1995, including but not limited
to, statements regarding the general availability of features,
programs, services, and tools related to Innsbruck mentioned in
this press release (including, without limitation, Jutro Digital
Platform, Tune, Analytics Manager, Autopilot Workflow Services,
Data Studio, HazardHub, InsuranceNow Update Automation, and
InsuranceNow GO). These forward-looking statements are made as of
the date they were first issued and were based on current
expectations, estimates, forecasts and projections as well as the
beliefs and assumptions of management. Words such as “expect,”
“anticipate,” “should,” “believe,” “hope,” “target,” “project,”
“goals,” “estimate,” “potential,” “predict,” “may,” “will,”
“might,” “could,” “intend,” variations of these terms or the
negative of these terms and similar expressions are intended to
identify these forward-looking statements. Forward-looking
statements are subject to a number of risks and uncertainties, many
of which involve factors or circumstances that are beyond
Guidewire’s control. Guidewire’s actual results could differ
materially from those stated or implied in forward-looking
statements due to a number of factors, including but not limited
to, risks detailed in Guidewire’s most recent Forms 10-K and 10-Q
filed with the Securities and Exchange Commission as well as other
documents that may be filed by Guidewire from time to time with the
Securities and Exchange Commission. In particular, the following
factors, among others, could cause results to differ materially
from those expressed or implied by such forward-looking statements:
quarterly and annual operating results may fluctuate more than
expected; seasonal and other variations related to our customer
agreements and related revenue recognition may cause significant
fluctuations in our results of operations, ARR and cash flows; our
reliance on sales to and renewals from a relatively small number of
large customers for a substantial portion of our revenue; our
ability to successfully manage any changes to our business model,
including the transition of our products to cloud offerings and the
costs related to cloud operations and security; the timing,
success, and number of professional services engagements and the
billing rates and utilization of our professional services
employees and contractors; recent global events (including, without
limitation, global pandemics, the ongoing wars between Russia and
Ukraine and between Israel and Hamas, escalating tensions in the
South China Sea, inflation higher than we have seen in decades,
bank failures and associated financial instability and crises, and
supply chain issues) and their impact on our employees and our
business and the businesses of our customers, system integrator
(“SI”) partners, and vendors; data
security breaches of our cloud-based services or products or
unauthorized access to our customers’ data, particularly in
connection with our transition to a hybrid in-person and remote
workforce; our competitive environment and changes thereto; issues
in the development and use of artificial intelligence combined with
an uncertain regulatory environment; our services revenue produces
lower gross margins than our license, subscription and support
revenue; our product development and sales cycles are lengthy and
may be affected by factors outside of our control; the impact of
new regulations and laws (including, without limitation, security,
privacy, artificial intelligence and tax laws and accounting
standards); assertions by third parties that we violate their
intellectual property rights; weakened global economic conditions
may adversely affect the P&C insurance industry, including the
rate of information technology spending; general political or
destabilizing events, including war, conflict or acts of terrorism;
our ability to sell our products is highly dependent on the quality
of our professional services and SI partners; the risk of losing
key employees; the challenges of international operations,
including changes in foreign exchange rates; and other risks and
uncertainties. Past performance is not necessarily indicative of
future results. The forward-looking statements included in this
press release represent Guidewire’s views as of the date of this
press release. Guidewire anticipates that subsequent events and
developments will cause its views to change. Guidewire undertakes
no intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise. These forward-looking statements should not be relied
upon as representing Guidewire’s views as of any date subsequent to
the date of this press release.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20231112453088/en/
Melissa Cobb, Senior Public Relations Manager Guidewire Software
+1 650-464-1177 mcobb@guidewire.com
GuideWire Software (NYSE:GWRE)
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