Tuesday, April 25, 2023
Home4 methods Guidewire helps insurers rework in 2022 | Insurance coverage Weblog

4 methods Guidewire helps insurers rework in 2022 | Insurance coverage Weblog

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 contemporary views on the disruptions of the final couple of years and the way the trade is transferring ahead.  

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Listed below are 4 key take-aways we carry 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. Moving to the cloud permits digital innovation, data-driven insights, and the agility to innovate shortly to develop and simplify your corporation. 

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 velocity to market 

Newer capabilities are creating the flexibility to get new merchandise to market shortly by leveraging the significantly enhanced Advanced Product Designer function. This can assist carriers grow to be digital attackers in new strategic progress 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 resolution. At Accenture, we have now labored to assist carriers grow to be data-driven in every part they do. Seeing elevated efforts on this space by Guidewire permits a extra cohesive method to data-driven every part through the Guidewire platform sooner or later. 

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

The influence platforms can have on operations has significantly 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 begin pondering larger on the function new progressive options can play in end-to-end enterprise operations. 

Be taught extra about Accenture’s partnership with Guidewire. 

Be taught extra about Reimagining insurance: The new cloud imperative

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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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