JERSEY CITY, N.J. and FOSTER CITY, Calif., September 26, 2016 – Verisk Insurance Solutions, a Verisk Analytics (Nasdaq: VRSK) business, and Guidewire Software, Inc. (NYSE: GWRE), a provider of software products to property/casualty insurers, today announced that Verisk Insurance Solutions has joined Guidewire PartnerConnect™ as a Solution Partner. The companies also announced Verisk’s participation in the Ready for Guidewire accelerator validation program.
A leading source of information about property/casualty insurance risk, Verisk Insurance Solutions will provide Ready for Guidewire accelerators to make it easier for any insurance company using Guidewire PolicyCenter® for policy administration to integrate with its solutions, reducing implementation time and effort.
A-PLUS™ Property, Verisk’s property claims loss history solution, will be the first Verisk solution to receive the Ready for Guidewire validation mark. A-PLUS offers detailed information about previous auto and property claims activity and cost-effective claims loss history indicators to optimize underwriting expenses. The A-PLUS Property accelerator now enables all of the information offered by A-PLUS to be directly accessible from within PolicyCenter.
“Verisk is committed to making its data and analytics solutions available to insurers however they choose to consume information,” said Steve Lekas, senior vice president, Personal Lines Underwriting, Verisk Insurance Solutions. “Making our solutions Guidewire-ready further enhances the functionality and speed of delivery of several industry-leading solutions that Verisk offers the industry.”
“We are pleased to welcome Verisk Insurance Solutions to the Guidewire PartnerConnect program as a Solution partner. We have enjoyed a strong alliance with Verisk for many years, including collaborating closely on ISO Electronic Rating Content (ERC), and are excited to expand our overall relationship with Verisk. This alliance will make it simpler and faster for our mutual customers to integrate PolicyCenter with several key Verisk solutions,” added Neil Betteridge, vice president, Strategy, Guidewire Software.
The A-PLUS Property integration is expected to be closely followed by Verisk’s A-PLUS Auto loss history solution and Coverage Verifier Auto policy history solution. Coverage Verifier provides current and prior coverage experience for personal auto insurers, helping them to make better risk selection and pricing decisions. Verisk plans to continue to integrate additional underwriting and claims solutions with InsuranceSuite, making them “Ready for Guidewire” throughout 2016 and beyond.
About Verisk Insurance Solutions
A Verisk Analytics (Nasdaq:VRSK) business, Verisk Insurance Solutions is a leading source of information about property/casualty insurance risk. Drawing upon unique data assets and deep domain expertise to provide innovative solutions that are integrated into customer workflows, Verisk Insurance Solutions includes the industry-leading brands of ISO, AIR Worldwide, and Xactware. Around the world, Verisk Insurance Solutions helps customers protect people, property, and financial assets.
For more information, visit www.verisk.com/insurance.
About Guidewire PartnerConnect and Ready for Guidewire
Guidewire PartnerConnect™ is a global network of select partner companies that provide consulting services and solutions to enhance, extend, and complement the capabilities of Guidewire products. Our worldwide partner community helps contribute to the success of our mutual customers in the Property/Casualty insurance industry by delivering Guidewire software implementations, value-add solution and technology offerings, and guidance on insurance industry best practices.
Ready for Guidewire accelerators developed by PartnerConnect Solution members have been rigorously reviewed by Guidewire, adhere to Guidewire software design principles, and meet established criteria. The accelerators are published on the Guidewire Resource Portal and are available for download by Guidewire customers at no charge.
Guidewire PartnerConnect is an invitation-only program. For more information about Guidewire PartnerConnect please visit www.guidewire.com/partners.
About Guidewire Software
Guidewire delivers the software that Property/Casualty (P/C) insurers need to adapt and succeed in a time of rapid industry change. We combine three elements – core operations, data and analytics, and digital engagement – into a technology platform that enhances insurers’ ability to engage and empower their customers and employees. 260 P/C insurers around the world have selected Guidewire. For more information, please visit www.guidewire.com. Follow us on twitter: @Guidewire_PandC.
NOTE: Guidewire, Guidewire Software, Guidewire ClaimCenter, Guidewire PolicyCenter, and Guidewire BillingCenter are registered trademarks of Guidewire Software, Inc. in the United States and/or other countries.
Guidewire Software, Inc.