INSURANCE TECHNOLOGY

Guidewire Announces Cortina Release Introducing New Integration Framework, Analytics, and Application Services to Accelerate Insurance Innovation

Guidewire | May 12, 2021

P&C insurers trust Guidewire Software to engage, innovate, and expand effectively, and the company today announced the latest release of its market-leading cloud platform. On the 11th and 12th of May, Cortina will be unveiled at Connections Reimagined.

The event-based, API-first Integration Framework from Cortina speeds up the link of Guidewire to other platforms, allowing teams to simplify further workflows and drive creativity. Closed-loop analytics provides specific information during the insurance lifecycle, allowing claims and underwriting experts to make smarter, quicker decisions. Furthermore, platform evolution through Application Services enables developers to experiment and build quicker to keep up with the competition.

Expanded Application Services makes integrations and other InsuranceSuite interactions easier to build and maintain.

• Guidewire Cloud Console—Enhanced tooling to enable IT self-service with provisioning and deployment, as well as database backups and restores. What used to take two people 20 days now takes one person 15 minutes to provision and deploy.

• Guidewire Claims Autopilot**—Cloud-based claims service that allows for an automation-first approach to claims handling, enabling insurers to leverage artificial intelligence, analytics, and digital technologies to deliver better customer experiences, while lowering operating expenses.

Insurers are empowered to make better-informed decisions with closed-loop analytics enabled by Data Studio.

• Closed-loop analytics — A new holistic solution, Initial Segmentation for Auto/Motor Claims in ClaimCenter, improves claims processing efficiency.

• Data Studio — A new data management tool to access, create, and publish business-ready data sets to enable insurers to leverage their data wherever it’s needed.

Integration Framework reduces the complexity of integrations across the P&C lifecycle.

• InsuranceSuite Cloud API expansion—Broader functional coverage enables apps to do more using the APIs. Further improving the Guidewire developer experience, the ClaimCenter API reference is now publicly available for developers.
• Integration Gateway —A new integration service that orchestrates calls to and from InsuranceSuite and third-party applications. Reduced integration complexity enables developers to drive more innovation.

• Application Events — A new integration service enabling developers to easily publish event streams from InsuranceSuite that “push” data and events to external systems. This service automates more processes and enables insurers to create their differentiating ecosystem of connected apps and services.

With twice-yearly launches since the launch of Aspen in May 2020, the organization has been increasing the importance of its platform. Guidewire Cloud is being chosen by insurers to replace self-managed deployments, power greenfield implementations, and transition their core business. Thirty-three Guidewire InsuranceSuite clients have chosen Guidewire Cloud, with 12 now operational.

For the third year in a row, Guidewire was positioned as a Leader in Gartner, Inc.'s Magic Quadrant for Non-Life Insurance Platforms, Europe1. Furthermore, Guidewire was named a Leader in Gartner, Inc.'s Magic Quadrant for P&C Core Platforms, North America for the sixth time in a row.

For the third year in a row, Guidewire was positioned as a Leader in Gartner, Inc.'s Magic Quadrant for Non-Life Insurance Platforms, Europe1. Furthermore, Guidewire was named a Leader for the sixth time in a row in Gartner, Inc.'s Magic Quadrant for P&C Core Platforms, North America2 for InsuranceSuite, and a Challenger for the fourth time in the same report for InsuranceNow.

About Guidewire
Guidewire is the forum that P&C insurers rely on to effectively participate, evolve, and expand. To offer our platform as a cloud service, we combine digital, central, analytics, and AI. Guidewire is used by over 400 insurers, ranging from start-ups to the world's biggest and most sophisticated.
As a supplier to their clients, they are constantly evolving to support their growth. They are proud of our unmatched implementation track record, with 1,000+ active initiatives supported by the industry's biggest R&D team and partner ecosystem. Hundreds of applications are available in their marketplace to help with integration, localization, and innovation.

Spotlight

The Property and Casualty (P&C) insurance industry is being dramatically transformed by digital technologies that are shifting the customer relationship back to the carriers. Beyond working through third-party agents or brokers to purchase insurance policies, more customers are going directly to insurance carriers via their website and other digital channels. Driven by the convenience of online shopping, insurance companies are now expected to provide information that helps customers learn about policies, compare options and even complete an application from virtually any connected device, 24/7.

Spotlight

The Property and Casualty (P&C) insurance industry is being dramatically transformed by digital technologies that are shifting the customer relationship back to the carriers. Beyond working through third-party agents or brokers to purchase insurance policies, more customers are going directly to insurance carriers via their website and other digital channels. Driven by the convenience of online shopping, insurance companies are now expected to provide information that helps customers learn about policies, compare options and even complete an application from virtually any connected device, 24/7.

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Topa Insurance Company with Exavalu Enhances Agent Experience

Exavalu and Topa Insurance Company | February 06, 2023

Topa, an insurance company, has recently announced its implementation of Exavalu's digital engagement platform for agents to enhance the productivity and experience of insurance agents and increase its business growth. In addition, it will provide a user-friendly interface with quick quote generation, eligibility checks for multiple lined businesses, and first notice of loss (FNOL) features. With a history of about 30 years, Topa Insurance Company specializes in casual and commercial property insurance, serving quality products to managing general agents (MGAs), general agents, and wholesale brokers. Exavalu, a leading digital and advisory insurance solutions provider, integrates with different insurance platforms, rating engines, and third-party services, supporting insurance agents and policyholders. With its build on Amazon Web Services (AWS), it integrates with Topa's Guidewire InsuranceNow system through MuleSoft AnyPoint's application programming interface (API) gateway, offering necessary tools to enhance productivity. Global Insurance Solutions and Delivery Leader at Exavalu, Goutam Kanjilal, said, "Exavalu's Digital Engagement Platform offers insurers a modern and intuitive portal to engage with their agents and customers through flexible and feature-rich agent and customer portals. We are delighted to partner with Topa to provide exceptional digital experiences for its agents." (Source – Cision PR Newswire) About Exavalu Exavalu, a digital transformation advisory and solutions provider in the insurance industry, partners with top insurance companies, InsurTechs, TPAs, and MGAs worldwide by combining technology with insurance knowledge to automate the business of insurers' clients. Headquartered in Newport Beach, California, it has been building long-term relationships with clients and companies through innovation since 2018. It specializes in Microsoft Dynamics, Oracle, SAP, ERP, GDPR, CCPA, business and technology strategy, technological solutions, innovation, strategic advisory, data privacy, GRC and digital GRC, healthcare and life sciences, banking and financing services, and insurance. About Topa Insurance Company Topa Insurance Company is a wholly owned subsidiary of Topa Insurance Group and a member of Anderson Holdings, offering insurance products across the wholesale market and enhancing agility, operations, and profit for continuous growth. Headquartered in Calabasas, California, it specializes in property, specialty and casualty insurance with writing commercial, personal lines, and programs since 1984. In addition, it helps businesses to grow and distribute commercial and personal insurance products through its network of insurance agents and brokers.

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Companjon and bunq Join for Digital Insurance

Companjon and bunq | February 10, 2023

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Insurify to Acquire Compare.com, Bolstering Consumer Insurance Options

Insurify | March 13, 2023

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