Brings its strong heritage of P&C insurance innovation and R&D focus
to global InsurTech ecosystem
FOSTER CITY, Calif.--(BUSINESS WIRE)--Jan. 18, 2018--
Guidewire Software, Inc. (NYSE: GWRE), a provider of software products
to Property and Casualty (P&C) insurers, today announced it has joined
Plug and Play’s ecosystem to advance P&C insurance innovation and
collaboration. Plug and Play is a global startup ecosystem and venture
fund specializing in the development of early-to-growth stage technology
startups in 12 verticals. Guidewire joins as a Corporate Partner focused
on the Insurance vertical.
Guidewire will engage with a select group of Plug and Play startups to
provide executive mentoring, domain and technical expertise, and the
potential opportunity to be showcased in Guidewire Marketplace™ as value
add extensions to its InsurancePlatform.
“Insurers recognize the importance of innovation to their survival in
today’s era of engagement. They strive to improve the experiences of
their agents, employees, and most importantly their customers, and are
embracing the importance of innovation now more than ever," said
Lerk-Ling Chang, vice president, Strategic Ventures and Innovation,
Guidewire Software. "We are excited to extend our strong history of
innovation – with our insurer customers, solution providers, and other
start-ups – to our collaboration with Plug and Play, its startups, and
its member companies, as we collectively work to provide the solutions
the industry needs."
“We have had the pleasure of hosting Guidewire customers at Plug and
Play in Silicon Valley for a few years. Guidewire’s major R&D presence
in Silicon Valley, and history of fostering innovation, make them an
ideal addition to our ecosystem and we welcome them,” said Ali Safavi,
Global Head of Plug and Play InsurTech. “We respect their global
expertise and industry leading position, and are excited about
collaborating with them for the benefit of the P&C insurance industry.”
“Guidewire is committed to providing an industry marketplace and we see
our role as that of curator, bringing tech providers together to provide
the best solution options for P&C insurers,” said Ali Kheirolomoom,
chief product officer, Guidewire Software. “Our work with the Plug and
Play team, its startups, and its member companies, will enable insurers
to remain focused on their businesses while we take on more of the heavy
lifting in bringing innovative ideas to reality. We are pleased to be
building on our more than 15 years of P&C industry innovation as a
supporting part of the Plug and Play ecosystem and are excited to share
the results of our efforts with our customers and the industry.”
About Plug and Play
Plug and Play is a global innovation platform. We connect startups to
corporations and invest in over 150 companies every year. Since
inception in 2016, our programs have expanded worldwide to include a
presence in 27 locations globally giving startups the necessary
resources to succeed in Silicon Valley and beyond. With over 6,000
startups and 220 official corporate partners, we have created the
ultimate startup ecosystem in many industries. We provide active
investments with 200 leading Silicon Valley VCs, and host more than 365
networking events per year. Companies in our community have raised over
$6 billion in funding, with successful portfolio exits including Danger,
Dropbox, Lending Club, PayPal, SoundHound, and Zoosk. For more
information, visit http://plugandplaytechcenter.com/insurance/
About Guidewire Software
Guidewire delivers the software that Property and Casualty (P&C)
insurance industry participants need to adapt and succeed in a time of
rapid industry change. We combine three elements – core processing, data
and analytics, and digital engagement – into a technology platform that
enhances insurers’ ability to engage and empower their customers and
employees. More than 300 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, Guidewire BillingCenter, are registered trademarks of
Guidewire Software, Inc. in the United States and/or other countries.
View source version on businesswire.com: http://www.businesswire.com/news/home/20180118005362/en/
Source: Guidewire Software, Inc.
Guidewire Software, Inc.
Diana Stott, +1-650-356-4941
Director,
Communications
dstott@guidewire.com
