Guidewire Partners With Swiss Re to Reduce Operational Friction Across Insurance Parties
13 Novembro 2023 - 10:55AM
Business Wire
Guidewire (NYSE: GWRE) announced its partnership with Swiss Re
Reinsurance Solutions to help build a more interconnected insurance
industry through the use of technology. Based on a shared
commitment to insurance innovation and excellence, the
collaboration will help grow the insurance industry by reducing
points of operational friction between risks, insureds, insurers,
reinsurers, and intermediaries.
The partnership will provide Guidewire and Swiss Re customers
with a suite of analytics products, integrations, and data transfer
mechanisms, starting with the deployment of Swiss Re Reinsurance
Solutions’ proprietary data models and risk insights into the
Guidewire cloud platform. Guidewire's Analytics Manager will
facilitate the integrations to embed relevant insights into core
insurance operations.
As insurers strive to price and select risks in an increasingly
complex world, they are deploying advanced analytics into claims
and underwriting workflow at a rapidly increasing pace. The
industry’s adoption of generative AI will further accelerate this
trend. Seamless interoperability of systems between primary
carriers and reinsurers is necessary for sharing data, propagating
insight, and facilitating risk transfer. The Guidewire and Swiss Re
collaboration will reduce the friction that insurance
counterparties face by streamlining data access and predictive
model deployment.
“We are excited to partner with Guidewire and respect their
global expertise in building the technology and analytics that
underpin today's P&C insurance business. By combining our data,
models, and tools with the Guidewire platform, together we will
help strengthen the insurance industry’s ability to efficiently
transfer risks and better service its clients,” said Russell
Higginbotham, Chief Executive Officer of Swiss Re Reinsurance
Solutions.
“Data and analytics play a critical role in driving efficiency
and increasing agility for insurers,” said Mike Rosenbaum, Chief
Executive Officer of Guidewire. “In service of this, we look
forward to collaborating with Swiss Re, a leading reinsurer and
respected expert in risk transfer. Linking our platforms and their
expertise will help insurers build systems of insight that
streamline risk transfer processes and reduce industry protection
gaps.”
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.
About Swiss Re
The Swiss Re Group is one of the world's leading providers of
reinsurance, insurance, and other forms of insurance-based risk
transfer, working to make the world more resilient. It anticipates
and manages risk – from natural catastrophes to climate change,
from ageing populations to cyber crime. The aim of the Swiss Re
Group is to enable society to thrive and progress, creating new
opportunities and solutions for its clients. Headquartered in
Zurich, Switzerland, where it was founded in 1863, the Swiss Re
Group operates through a network of around 80 offices globally.
www.swissre.com/reinsurance/reinsurance-solutions
NOTE: For information about Guidewire’s
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version on businesswire.com: https://www.businesswire.com/news/home/20231113441682/en/
Elliot Gooch Allison + Partners +44(0)203 971 4308
guidewire@allisonpr.com
Louise Bradley PR & Communications – EMEA, Guidewire
+44(0)7474 837 860 lbradley@guidewire.com
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