Opta Information Intelligence (Opta), a leading Canadian provider of residential and commercial structured risk information and property data, and Guidewire Software, Inc. (NYSE: GWRE), provider of the industry platform Property and Casualty (P&C) insurers rely upon, today announced that Opta has joined Guidewire PartnerConnect™ as a Solution Partner. The companies also announced that Opta’s new Ready for Guidewire validated integration is now available to customers for download in the Guidewire Marketplace.
Opta’s Ready for Guidewire integration provides Guidewire PolicyCenter™ customers access to Opta’s iClarify™ Residential risk assessment platform, a property insurance data prefill, validation and valuation tool that provides brokers, underwriters, and insurers with the knowledge they need, to assess risk with confidence. The platform reduces the time involved in the quoting process and enhances the accuracy of underwriting submissions by drawing on Opta’s extensive wealth of property data. The integration enables the PolicyCenter user to readily access iClarify Residential to ‘see’ risks by entering in any property address (urban, rural, or legal land lot) to quickly unlock geo-coded risk intelligence including pre-filled construction features, replacement costs, and satellite/streetscape imagery.
“Our partnership is designed to provide an easy integration between Guidewire PolicyCenter and Opta’s iClarify Residential risk assessment platform,” said Greg McCutcheon, President, Opta. “We look forward to bringing our joint insurance customers an improved quoting experience with pre-filled data powered by an accurate and consistent database of Canadian construction features and imagery that is continuously validated through real-time policyholder dialogue.”
The Opta Ready for Guidewire integration to iClarify Residential benefits insurers by:
Supporting an enhanced customer experience with a faster application process as information is validated versus gathered;
Minimizing errors and promoting proper insurance to value; and
Reducing quote time, while increasing accuracy.
“We welcome Opta Information Intelligence to Guidewire PartnerConnect as a Solution partner,” said Neil Betteridge, Vice President, Strategy, Guidewire Software. “Opta’s iClarify Residential risk assessment platform together with Guidewire PolicyCenter provide our mutual Canadian carrier customers streamlined access to accurate property data and valuations, powering a better customer experience, and driving proper insurance to value for homeowners and the insurance industry.”