Guidewire customers can now easily submit personal auto history data to Verisk and access tools for more informed underwriting and pricing
JERSEY CITY, N.J., August 21, 2018 - Verisk (Nasdaq:VRSK), a leading data analytics provider, and Guidewire, provider of the industry platform that property/casualty insurers rely on, announced today that Verisk's Coverage VerifierSM contribution accelerator has received the Ready for Guidewire designation. The accelerator enables mutual Guidewire/Verisk customers to easily submit auto coverage history data to Verisk and gain access to tools that insurers can use to verify coverages of policyholders and make more informed pricing decisions.
With the accelerator, insurers can contribute coverage information to Verisk-in the preferred Coverage Verifier format-from within Guidewire PolicyCenter(TM), with minimal investment of time and resources for implementation. Data within the Guidewire system is automatically mapped to the Coverage Verifier record layout, requiring little or no development time by the insurer for this "out of the box" solution. Joint Verisk and Guidewire customers that submit coverage data can also use the Coverage Verifier ordering accelerator-added last year-to quickly request and order coverage history data from Verisk.
"In today's highly competitive market, it's critical for insurers to focus on development efforts that yield the highest return on investment and improved experience for insureds," said Doug Caccese, president of Personal Lines at Verisk's ISO business. "The new accelerator aims to make it easy for Guidewire customers to contribute their policy information to Verisk and gain access to a wide variety of Coverage Verifier products and services that help improve efficiency and minimize risk."
The new accelerator is one of several solutions in the Guidewire Marketplace that provide streamlined accessibility to Verisk underwriting and claim products, including A-PLUS(TM) Auto and Property and ISO ClaimSearch®, and are part of Verisk's ongoing strategy to provide content through the Guidewire platform. Verisk and Guidewire customers can also stay current with the latest ISO commercial lines rules and advisory loss costs with automatic updates from ISO Electronic Rating Content(TM) (ERC(TM)).
For more information on Verisk's Coverage Verifier Auto, visit https://www.verisk.com/insurance/products/coverage-verifier-auto/.
About Verisk
Verisk (Nasdaq:VRSK) is a leading data analytics provider serving customers in insurance, energy and specialized markets, and financial services. Using advanced technologies to collect and analyze billions of records, Verisk draws on unique data assets and deep domain expertise to provide first-to-market innovations that are integrated into customer workflows. Verisk offers predictive analytics and decision support solutions to customers in rating, underwriting, claims, catastrophe and weather risk, global risk analytics, natural resources intelligence, economic forecasting, and many other fields. Around the world, Verisk helps customers protect people, property, and financial assets.
Headquartered in Jersey City, N.J., Verisk operates in 30 countries and is a member of Standard & Poor's S&P 500® Index. In 2017, Forbes magazine named Verisk to its America's Best Mid-Size Employers list and to its World's Most Innovative Companies list. Verisk is one of only seven companies to appear on both lists. For more information, please visit www.verisk.com.
About Guidewire PartnerConnect and Ready for Guidewire
Guidewire PartnerConnect(TM) is a global network of select partner companies that provide consulting services and solutions to enhance, extend, and complement the capabilities of Guidewire products. Ready for Guidewire accelerators developed by PartnerConnect Solution members have been rigorously reviewed by Guidewire, adhere to Guidewire software design principles, and meet established criteria. The accelerators are published in the Guidewire Marketplace and are available for download by Guidewire customers at no charge.
About Guidewire Software
Guidewire delivers the industry platform that Property and Casualty (P&C) insurers rely upon to adapt and succeed in a time of accelerating change. We provide the software, services, and partner ecosystem to enable our customers to run, differentiate, and grow their business. We are privileged to serve more than 350 companies in 32 countries. For more information, please visit www.guidewire.com and follow us on twitter: @Guidewire_PandC.
Contact:
Erin Bzymek
MWWPR (for Verisk)
201-507-9500
ebzymek@mww.com
Diana Stott
Director, Communications
Guidewire Software, Inc.
650-356-4941
dstott@guidewire.com