4 methods Guidewire helps insurers rework in 2022 | Auto Financiez

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

Here are 4 key take-aways we carry with us into the brand new yr: 

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

Cloud is enabling actual enterprise worth; not simply value take-out. In 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 allows 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 constructive. Guidewire has made nice strides in maturing their SaaS providing over the previous two years. Many of our purchasers have already began on the journey. Others have indicated that their resolution to maneuver just isn’t IF however WHEN. 

Guidewire InsuranceSuite: Making probably the most of Guidewire to remodel your insurance coverage group.

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2. Enabling velocity to market 

Newer capabilities are creating the power to get new merchandise to market shortly by leveraging the enormously 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 continuous their efforts to assist carriers evolve to a data-driven group with the launch of their analytic resolution. At Accenture, now we have 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 strategy to data-driven every part through the Guidewire platform sooner or later. 

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

The affect platforms can have on operations has enormously expanded. Guidewire spoke of their companions as important elements of the sturdy end-to-end options insurance coverage purchasers want. Whether or not operations transformation is a excessive precedence for the service, it’s by no means too quickly to start out pondering greater on the function new progressive options can play in end-to-end enterprise operations. 

Learn extra about Accenture’s partnership with Guidewire. 

Learn extra about Reimagining insurance coverage: The new cloud crucial

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Disclaimer: This content material is offered for basic info functions and isn’t supposed for use rather than session with our skilled advisors.

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