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HomeInsurance4 methods Guidewire helps insurers rework in 2022

4 methods Guidewire helps insurers rework in 2022

Simply earlier than the vacations, it was my nice pleasure to as soon as once more attend Guidewire Connections. This gathering of insurance coverage professionals provided recent views on the disruptions of the final couple of years and the way the business is transferring ahead.  

Listed below are 4 key take-aways we convey with us into the brand new 12 months: 

1. Cloud transformation is about “when” not “if” 

Cloud is enabling actual enterprise worth; not simply value take-out. Of their presentation, Accelerating Cloud Transformation on Guidewire Cloud Platform, Corey Barker and Keval Mehta shared how value take-out is simply the tip of the iceberg. Shifting to the cloud permits digital innovation, data-driven insights, and the agility to innovate rapidly to develop and simplify your enterprise. 

The advantages enabled by the Guidewire Cloud Platform are proof optimistic. Guidewire has made nice strides in maturing their SaaS providing over the previous two years. Lots of our shoppers have already began on the journey. Others have indicated that their resolution to maneuver isn’t IF however WHEN. 

2. Enabling pace to market 

Newer capabilities are creating the flexibility to get new merchandise to market rapidly by leveraging the drastically enhanced Superior Product Designer function. This may help carriers turn into digital attackers in new strategic development areas and get area of interest merchandise out to market. 

3. Evolving to a data-driven group 

Guidewire is constant their efforts to assist carriers evolve to a data-driven group with the launch of their analytic answer. At Accenture, now we have labored to assist carriers turn into data-driven in the whole lot they do. Seeing elevated efforts on this space by Guidewire permits a extra cohesive method to data-driven the whole lot through the Guidewire platform sooner or later. 

4. Harness the facility of the ecosystem for max worth throughout the enterprise 

The influence platforms can have on operations has drastically expanded. Guidewire spoke of their companions as important parts of the sturdy end-to-end options insurance coverage shoppers want. Whether or not or not operations transformation is a excessive precedence for the provider, it’s by no means too quickly to start out pondering greater on the position new modern options can play in end-to-end enterprise operations. 

Study extra about Accenture’s partnership with Guidewire. 

Study extra about Reimagining insurance coverage: The brand new cloud crucial

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Disclaimer: This content material is supplied for basic data functions and isn’t meant for use rather than session with our skilled advisors.



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