Guidewire Outlines Vision for How Modern Core Platforms will Unlock a New Era of Efficiency and Effectiveness in P&C Insurance

In This Article:

Guidewire introduces Las Leñas release to help streamline claims management and increase agility across the insurance lifecycle

NASHVILLE, Tenn., November 18, 2024--(BUSINESS WIRE)--CONNECTIONS CONFERENCE – Guidewire (NYSE: GWRE) will showcase its commitment to improving risk selection and pricing, indemnity management, and claims efficiency in property and casualty insurance at its annual customer conference, Connections. The event will unveil future underwriting and claims application capabilities enhanced by AI, introduce Claims Intel*, a Guidewire Industry Intel product, and announce Las Leñas, Guidewire’s latest release. Connections keynote sessions will be livestreamed and available on-demand. To view the livestream, visit the Connections website.

Guidewire’s vision for AI-driven insurance applications will mark a new era of insurance productivity by making unstructured data more actionable, assisting underwriters and claims adjusters in decision making and automating routine tasks, and enabling teams to work in more creative, non-linear ways. By intelligently prioritizing tasks, these applications will help guide insurance professionals to focus their attention on doing work where it’s needed most.

The keynote will feature roadmap highlights including:

  • AI application service: A cloud service powering AI across all applications, facilitating the best LLM models and ensuring data privacy, security, and compliance with P&C standards.

  • Underwriting with GenAI: An assistant that streamlines commercial submissions, reducing quote turnaround, improving risk selection, and enhancing pricing accuracy.

  • Claims servicing with GenAI: An AI-driven adjuster experience that automates document ingestion and summarizes claim notes, improving efficiency, customer satisfaction, and claims cycle times.

  • Developer productivity with GenAI: Native AI integration that boosts development efficiency, assisting with code translation, integration design, and more.

"Guidewire’s AI-powered applications will help insurers improve risk selection and pricing, optimize indemnity management, and enhance claims efficiency by automating tasks, providing deeper data insights, and streamlining workflows across the insurance lifecycle," said Mike Rosenbaum, Chief Executive Officer, Guidewire.

Guidewire Claims Intel is the first in a series of innovative Guidewire Industry Intel products, designed to streamline core operations. Five new predictive intelligence scores comprise Claims Intel and are the first in a planned series to deliver key insights throughout the claims lifecycle. The scores for Injury Loss, Payment Likelihood, Injury Severity, Attorney Likelihood, and Litigation Susceptibility come fully ready to use right out of the box for personal auto claims, pre-integrated into core workflows for maximum impact.

Waiting for permission
Allow microphone access to enable voice search

Try again.