WTW has partnered with insurance platform provider Guidewire.
According to the global broking giant, the new tie-up is set to enable carriers to quickly integrate WTW and Guidewire’s cloud platform, enhancing the efficiency and sophistication of pricing, rating, and underwriting processes.
The partnership will launch a ‘Ready for Guidewire’ accelerator, facilitating a seamless integration between WTW’s Radar analytics software and Guidewire PolicyCenter. Radar is specifically designed to offer advanced analytics for pricing and underwriting and enable real-time market deployment.
Through the collaboration, carriers get to leverage WTW’s ongoing innovation in machine-learning algorithms, real-time decision-making, regulatory reporting, speed, and performance.
Gio Smyth, managing director and Americas regional leader for WTW’s insurance consulting and technology business, commented: “I am very excited by the opportunity to work alongside Guidewire to support carriers globally.
“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 maximize the benefits of Radar.”
Will Murphy, vice president of global technology alliances at Guidewire, added: “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 realize quicker and more accurate underwriting and pricing performance.”
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