Guidewire Software Announces New Instant-on Live App – Spotlight – for Improved Underwriting Precision
Accurate risk selection is key to building a profitable business. Too often however, underwriters are forced to scavenge for relevant external data sources in order to get the information they need to review a risk. Underwriting challenges addressed by Spotlight include: location inaccuracies, inconsistencies in the underwriting process within the organization, and the need to make more transparent decisions.
Guidewire Live Spotlight brings together relevant data from internal and external sources, applies company specified algorithms to generate peril-based alerts, and presents the evaluation results to the underwriter visually for detailed interaction. With Spotlight, underwriters can see at-a-glance which policies are in a high risk area such as a flood or crime zone, enabling them to more accurately underwrite the risk.
“We are excited about how Guidewire Live Spotlight will support our
underwriters in visualizing the geospatial and natural peril exposures
associated with a property/location being underwritten and to see the
other risks that we underwrite in the vicinity,” said
“Spotlight has been designed and expressly built to aid the task of
Property/Casualty insurance underwriting,” said
Guidewire Live Spotlight is currently available to insurers in the U.S.,
About Guidewire Live
Guidewire LiveSM is a cloud analytics platform that delivers instant-on apps that complement InsuranceSuite core systems. These apps combine data from many different sources, including anonymized benchmarks and third party data, to enable analysis and visualization of that data in interesting new ways. Guidewire Live is available to any Guidewire customer.
Guidewire builds software products that help Property/Casualty insurers replace their legacy core systems and transform their business. Designed to be flexible and scalable, Guidewire products enable insurers to deliver excellent service, increase market share and lower operating costs. Guidewire InsuranceSuite™ provides the core systems used by insurers as operational systems of record. Additional products provide support for data management, business intelligence, anytime/anywhere access and guidance and monitoring. More than 180 Property/Casualty insurers around the world have selected Guidewire. For more information, please visit www.guidewire.com. Follow us on twitter: @Guidewire_PandC.
Guidewire Software, Inc.
Diana Stott, +1-650-356-4941