Launch End-to-End Embedded Insurance Quickly and Efficiently
Guidewire Software offers a comprehensive solution for Embedded Insurance, allowing insurers to tap into new markets and distribution channels seamlessly. With a focus on rapid deployment, this solution provides core systems, integrations, and best implementation practices, making it easy to go from quote to claim efficiently. Optimized for travel insurance, this offering can be customized to cater to other lines of business as required.
Underwrite Complex Commercial Risks Confidently
The Excess and Surplus lines solution from Guidewire empowers insurers to capitalize on market opportunities by creating and enhancing product offerings. With tools like the Advanced Product Designer and Guidewire GO pre-built content, insurers can easily tailor policies to meet specific needs. Whether it's managing manuscript endorsements or handling complex billing scenarios, this solution provides the flexibility needed to underwrite complex commercial risks effectively.
Serve the Micro-Business Market Effectively
The Micro-BOP solution by Guidewire enables carriers to address the needs of small and midsized businesses (SMBs), including home-based businesses, freelancers, and online sellers. By offering tailored insurance policies through digital platforms, carriers can provide simple underwriting processes and swift processing. This solution ensures that businesses receive coverages and documentation relevant to their operations in an easy-to-understand manner.
Tap Into the Growing Parametric Insurance Sector
Guidewire's Parametric Insurance solution opens doors for carriers to benefit from the projected growth in the parametric insurance market. With the potential to streamline underwriting and claims processing, simplify pricing, and expand market reach, this solution offers a competitive edge. Launching parametric policies is now more accessible than ever with Guidewire Cloud, ensuring carriers can seize opportunities in this expanding market.
Enhance Customer Retention Strategies with Data-Driven Insights
Retaining profitable customers is essential for sustained business growth, and Guidewire's Retention solution helps carriers achieve this goal. By leveraging internal and external data to predict churn risk and identify sales opportunities, insurers can proactively retain customers. This solution enables teams to adopt a data-driven approach to identify trends, enhance customer retention, and drive business growth effectively.
Offer Flexible and Affordable Usage-Based Insurance
In response to the evolving insurance landscape, Guidewire's Usage-Based Insurance (UBI) solution equips carriers with the tools to meet rising customer demands. By providing a pre-designed architecture for UBI products, carriers can swiftly launch end-to-end offerings. With integrated capabilities for rating, billing, and telematics, this solution empowers carriers to offer customizable and cost-effective insurance options to policyholders.