The partnership will allow carriers to quickly integrate WTW and Guidewire’s cloud platforms, improving the sophistication of speed, rating and underwriting processes.
The two companies will launch a “Ready for Guidewire’ accelerator, ensuring a seamless integration between Guidewire’s PolicyCenter and WTW’s Radar analytics.
Radar is specifically designed for the insurance sector and provides advanced analytics for pricing and underwriting and to enable real-time market deployment. Carriers will be able 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 at WTW’s insurance consulting and tech 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 maximise the benefits of Radar.”
Will Murphy, VP of Global Technology Alliances, 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 realise quicker and more accurate underwriting and pricing performance,” Murphy said.
