Guidewire’s Cyence Risk Analytics’ data listening and machine
learning application for modelling 21st century
risks boosts insurer and broker cyber risk understanding
LONDON--(BUSINESS WIRE)--Jul. 2, 2018--
Guidewire Software, Inc. (NYSE: GWRE), a provider of the industry
platform general insurers rely upon, has been named Risk Modeller of
the Year at the recent Reactions London Market Re/insurance Awards
2018 ceremony for its Guidewire Cyence™ Risk Analytics (Cyence) product.
These awards recognize excellence in the London Market, and are voted
upon by a group of worldwide insurance and reinsurance market
professionals. Guidewire was acknowledged by the Reactions judging panel
for advancing the insurance industry’s ability to quantify this evolving
and complex risk.
Cyence is a cloud-native economic cyber risk modelling solution built to
help the insurance industry quantify cyber risk exposures; to prospect,
underwrite, and price risks. It also enables insurers to manage
portfolio exposure accumulations and develop new products with
“In the past, actuarial science has been used by insurers to project
future risk,” said Yoshi Yamamoto, director, Cyence Risk Modelling,
Guidewire. “With 21st century risks, like cyber, reputation,
and some business interruption, historical claims data may be limited or
non-existent, and the challenge for insurers is to understand and
quantify these risks. Cyence combs multiple data sources, curates, and
refines the output into meaningful data, relevant to risk quantification
and modelling. We are honoured that Reactions, and the judging panel for
this prestigious award, have recognized the significant capabilities our
Cyence Risk Analytics solution brings to the market.”
About Guidewire Software
Guidewire delivers the industry platform that general insurers rely upon
to adapt and succeed in a time of accelerating change. We provide the
software, services, and ecosystem to enable our customers to run,
differentiate, and grow their business. We are privileged to serve more
than 350 general insurers in 32 countries. For more information, please
Follow us on twitter: @Guidewire_PandC.
NOTE: For all information about Guidewire’s trademarks, visit https://www.guidewire.com/legal-notices.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180702005220/en/
Source: Guidewire Software, Inc.
Daniel Couzens, +44 (0)20 7437 0227
Software (UK) Ltd
Louise Bradley, +44 (0)7474 837 860