WTW has collaborated with Guidewire to enhance the efficiency and sophistication of pricing, rating, and underwriting processes.
The partnership will introduce a ‘Ready for Guidewire’ accelerator, facilitating rapid and repeatable integration between WTW’s Radar analytics software and Guidewire PolicyCenter.
The new platform aims to allow carriers to benefit from WTW's innovation in proprietary machine learning algorithms, real-time decision making, regulatory reporting, speed, and performance.
Gio Smyth, managing director and Americas regional leader, Insurance Consulting and Technology, WTW, notes: “Collaborating with Guidewire, one of the leading insurance platforms in the market, offers material benefits to our clients.
“Our Guidewire integration will enhance the operational efficiency of our mutual clients by reducing implementation time and cost, enabling them to maximise the benefits of Radar.”
Will Murphy, vice president at Global Technology Alliances, Guidewire, states: “We’re excited to welcome WTW as a new technology solution partner and look forward to their contribution to the Guidewire Marketplace.
“The combination of PolicyCenter with WTW’s Radar analytics solution will enable insurers to realise quicker and more accurate underwriting and pricing performance.”
