Guidewire Solutions

Guidewire Solutions help insurers launch new P&C insurance products quickly and solve complex business challenges in a rapidly deployable manner on Guidewire Cloud. They leverage the combined power of Guidewire Cloud Platform, Guidewire Data Platform, and Guidewire Marketplace.

three-level options for purchasing insurance policy

Providing P&C solutions with Guidewire Cloud Platform, Guidewire Data Platform, and Guidewire Marketplace.

Guidewire Cloud Platform

Power your InsuranceSuite implementation with the security, scalability, and advanced features of the most trusted cloud platform for insurers.
screen - Guidewire Cloud listing of apps

Launch End-to-End Embedded Insurance Faster Than Ever on Guidewire Cloud

Embedded Insurance presents an opportunity for carriers to serve new customers in a new distribution channel, offering insurance at the point-of-sale of a non-insurance product. Guidewire’s Solution for Embedded Insurance addresses this challenge head-on with a rapidly deployable, quote-to-claim offering that includes:

  • Core systems
  • Integrations
  • Implementation best practices
  • Predefined use cases

The solution is optimized for travel insurance but can be tailored to other lines of business as needed.

screen - consumer policy purchase options

Underwrite More Complex Commercial Risks with Confidence

Our Guidewire Solution for Excess and Surplus lines enables you to capitalize on a booming market opportunity by creating new products and iterating on existing products with Advanced Product Designer and Guidewire GO pre-built content. This end-to-end solution allows you to:

  • Easily customize policies leveraging capabilities that support manuscript endorsements and manual overrides (e.g., for premiums and commissions)
  • Deliver programs that require more complex broker billing scenarios and/or co-insurance (e.g., layers, quota share)

Capitalize on the Coming Parametric Insurance Boom

The parametric insurance market is projected to nearly triple in size by 2031 to $29.3 billion. Parametric insurance policies can:

  • Improve a carrier’s overall expense ratio by automating underwriting and claims processing
  • Simplify pricing
  • Mitigate risk
  • Increase the total addressable market by enabling more price-sensitive buyers to obtain smaller policies that would be cost-prohibitive for carriers when thorough claims adjustment is required.

The Guidewire Solution for Parametric Insurance opens the door for carriers to launch new parametric policies easier than ever on Guidewire Cloud.

chart - comparison of traditional product to parametric product for time to claim closure

Delight Your Customers with Affordable Usage-Based Insurance

With auto insurance rates at an all-time high, policyholders are comparison shopping more than ever and are seeking new options to maintain coverage at prices they can afford. Carriers that offer pay-as-you-drive models are meeting these emerging demands to acquire and retain the best customers.

The Guidewire Solution for Usage-Based Insurance (UBI) provides a predesigned architecture for the UBI product, including integrations from a selection of PartnerConnect Solution Partners for:

  • Rating
  • Billing
  • Telematics

This architecture enables you to deliver a robust, end-to-end UBI offering in just a few months on Guidewire Cloud.

Two men in discussion at a table. A computer is on the table.

Simplify US Commercial Lines Products

Commercial lines insurance in the United States is complicated; to stay conformant, insurance products, forms, and rating are all subject to change hundreds of times each year as insurance departments in each state and territory pass new laws and issue updates. While Insurance Bureaus like ISO and NCCI help US insurers ensure regulatory compliance via circulars, managing the work behind the scenes to maintain conformance is time consuming and requires a heavy lift from IT.

Our US Bureau Content Solution makes it easier to launch new products while staying compliant with ISO and Workers’ Comp standards without straining internal IT resources, saving insurers time and money.

  • Standards Based Templates (SBTs) are automatically updated when new circulars are released and significantly reduce product configuration time.
  • An optional update service is available through Guidewire Professional Services to implement product updates directly into an insurer’s instance of PolicyCenter.
Guidewire Solutions
See What Our Customers Say

CAA Insurance

Matthew Turack, CAA Insurance
If we didn't have Guidewire, we definitely would not have been able to build MyPace, the first pay-as-you-go auto insurance program in Canada. InsuranceSuite really is part of the foundation that lets us innovate.

Matthew Turack

President

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