Hiscox UK Selects Guidewire Predictive Analytics
Specialist insurer will expand data-driven decision making capabilities
“We were pleased that our proof of concept, in which we used predictive
analytics to analyse the health of the book, found we might expect a
significant return on our initial investment,” said
“We are honoured to become the predictive analytics provider of choice
for Hiscox UK,” says
About Guidewire Predictive Analytics
Guidewire Predictive Analytics™ turns data into actionable insights, empowering insurers to make data-driven decisions through-out the insurance lifecycle. It helps general insurers adapt and succeed as they progress along their journeys to becoming organisations driven by data and analytics. By building predictive models from multiple data sets, analysing model output, and deploying predictive models to provide front-line guidance to decision makers, insurers can realise significant reductions in loss ratio and expenses while growing the top line. Part of Guidewire’s Data and Analytics family of products Guidewire Predictive Analytics includes apps for addressing claims management decisions and underwriting and distribution objectives.
Guidewire delivers the software that general insurers 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 200 general insurers around the world have selected Guidewire. For more information, please visit www.guidewire.com. Follow us on twitter: @Guidewire_PandC.