Guidewire Solutions

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.

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Combining Content, Data, and Ecosystem to Help You Succeed

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.

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.

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)

Better Serve the Micro-Business Market

Small and midsized businesses (SMBs) represent an underserved and often untapped market opportunity for insurers, especially for:

  • Home-based businesses
  • Freelancers
  • Online sellers

The Guidewire Solution for Micro-BOP enables carriers to deliver straightforward, direct-channel insurance that prioritizes simple underwriting and straight-through processing. Policies are offered through personalized digital experiences, in simple, everyday language, and with coverages and documents specific to home-based businesses. Best of all, your coverages, risks, and underwriting are all tailored as part of a guided and focused implementation.

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.

Take Action to Retain Your Most Profitable Customers

It’s no secret that retaining an existing customer is less expensive than acquiring a new one, but the impact to the bottom line can be staggering: a 1% increase in retention translates to an estimated savings of $4 million for a $500 million carrier.

The Guidewire Solution for Retention can help you proactively retain your best customers and grow your business by leveraging internal and external data as predictors of churn risk and sales opportunities. Leverage this solution to empower your teams to take a quantitative approach to retention, create a virtuous cycle for data, and turn your system of record into a system of insight.

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.

See What Our Customers Say

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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