STOCK TITAN

Automate Claims Processes with Claimatic’s New Guidewire Cloud Integration

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary
Guidewire (GWRE) and Claimatic collaborate to automate claims processes with a new integration, enhancing operational efficiency for insurers. The integration allows for automatic data transfer between ClaimCenter and Claimatic, enabling insurers to dispatch claims assignments quickly and optimize workforce efficiency.
Positive
  • Guidewire (GWRE) and Claimatic's new integration streamlines claim segmentation, triage, and assignment processes for insurers.
  • Claimatic's Ready for Guidewire accelerator is now available in the Guidewire Marketplace for ClaimCenter on Guidewire Cloud users.
  • Insurers can set custom parameters in Claimatic to manage claims assignments efficiently, reducing complexity and improving resource utilization.
  • The integration enables automatic data transfer between ClaimCenter and Claimatic, facilitating quick claims assignment dispatch and improving customer experience.
  • Claimatic's technology helps insurers adapt to claims surges, such as those caused by catastrophic events, in real-time, preventing employee burnout and optimizing workforce management.
  • Claimatic's integration empowers business users to modify claims segmentation, triage, and assignment without coding, enhancing productivity across all lines of business.
Negative
  • None.

SAN MATEO, Calif. & SAN ANTONIO--(BUSINESS WIRE)-- Guidewire (NYSE: GWRE) and Claimatic announced that Claimatic’s new Ready for Guidewire validated accelerator is now available to ClaimCenter on Guidewire Cloud users in the Guidewire Marketplace.

Designed to be managed by business users with no coding required, Claimatic enables insurers to automate their claim segmentation, triage, and assignment from First Notice of Loss (FNOL). Insurers can set unlimited custom parameters to nimbly manage claims assignments, allowing for strategic use of available resources with reduced complexity. Claimatic’s integration enables ClaimCenter FNOL data to move from ClaimCenter to Claimatic and Claimatic’s optimal claims assignment to move from Claimatic back to ClaimCenter.

With the Claimatic Accelerator for Claims Segmentation, Triage, & Assignment, insurers can:

  • Save time and effort through the automatic data transfer between ClaimCenter and Claimatic;
  • Dispatch claims assignments in seconds, reducing cycle times and improving customer experience; and
  • Optimize workforce efficiency and customer satisfaction with assignments tailored to the insurance professional’s skill set and available capacity.

In addition to daily volume, Claimatic’s accelerator helps insurers quickly adapt to claims surges, like those driven by catastrophic (CAT) events, in real-time. The automated claims processing and data transfer capabilities help insurers avoid employee burnout and effectively manage their fluctuating workforce during these CAT events.

“Claimatic’s integration for ClaimCenter brings together two best-in-class, cloud-native technologies to simplify implementation for insurers,” said Larry Cochran, Chief Executive Officer, Claimatic. “Claimatic’s ability to quickly and easily modify claims segmentation, triage, and assignment without coding or complex configuration empowers the business to optimize productivity across blended workforces for all lines of business.”

“Congratulations to Claimatic on the release of its new ClaimCenter integration,” said Will Murphy, Vice President, Global Technology Alliances, Guidewire. “Claimatic’s technology delivers accurate, fast claims triage and assignment that can enhance operational efficiency and improve claims outcomes for both insurers and claimants.”

About Claimatic

Built for the needs of the insurance industry, Claimatic enhances the way insurers do business. Their software boasts simple setup and robust APIs to operationalize FNOL data.

To learn more about Claimatic’s patented decision software that automatically triages the right resources in seconds visit claimatic.com.

About Guidewire PartnerConnect ecosystem and Ready for Guidewire

Guidewire’s solution ecosystem is the largest in the P&C industry, with over 205 solution partners providing over 250 integrations in the Guidewire Marketplace. Guidewire PartnerConnect Solution partners provide software, technology, and data solutions as well as insurance support services. Our Solution partners help drive business value and innovation for insurers by developing and delivering integrations, extensions, apps, and other complementary solutions for Guidewire products. All of our Ready for Guidewire partner solutions are validated for security, quality, and compatibility with Guidewire, and can be found on the Guidewire Marketplace.

For more information about Guidewire PartnerConnect, please visit http://www.guidewire.com/partners.

About Guidewire Software

Guidewire is the platform P&C insurers trust to engage, innovate, and grow efficiently. We combine digital, core, analytics, and machine learning to deliver our platform as a cloud service. More than 540 insurers in 40 countries, from new ventures to the largest and most complex in the world, run on Guidewire.

As a partner to our customers, we continually evolve to enable their success. We are proud of our unparalleled implementation track record, with more than 1,600 successful projects, supported by the largest R&D team and partner ecosystem in the industry. Our marketplace provides hundreds of applications that accelerate integration, localization, and innovation.

For more information, please visit www.guidewire.com and follow us on X (formerly known as Twitter) and LinkedIn.

NOTE: For information about Guidewire’s trademarks, visit https://www.guidewire.com/legal-notices.

Melissa Cobb

Senior Public Relations Manager

Guidewire Software, Inc.

+1.650.464.1177

mcobb@guidewire.com

Liz Simmons

VP, Customer Success & Operations

Claimatic

512.635.9689

liz@claimatic.com

Source: Guidewire

FAQ

What is the new integration between Guidewire and Claimatic aimed at automating?

The new integration between Guidewire (GWRE) and Claimatic is aimed at automating claim segmentation, triage, and assignment processes for insurers.

Where can Claimatic's Ready for Guidewire accelerator be found?

Claimatic's Ready for Guidewire accelerator can be found in the Guidewire Marketplace for ClaimCenter on Guidewire Cloud users.

How does Claimatic's integration help insurers manage claims assignments?

Claimatic's integration allows insurers to set custom parameters to efficiently manage claims assignments, reducing complexity and improving resource utilization.

What benefits does the integration enable for insurers in terms of data transfer?

The integration enables automatic data transfer between ClaimCenter and Claimatic, facilitating quick claims assignment dispatch and improving customer experience.

How does Claimatic's technology help insurers during claims surges?

Claimatic's technology helps insurers adapt to claims surges, such as those caused by catastrophic events, in real-time, preventing employee burnout and optimizing workforce management.

What empowerment does Claimatic's integration provide to business users?

Claimatic's integration empowers business users to modify claims segmentation, triage, and assignment without coding, enhancing productivity across all lines of business.

GUIDEWIRE SOFTWARE, INC.

NYSE:GWRE

GWRE Rankings

GWRE Latest News

GWRE Stock Data

14.39B
83.12M
0.48%
99.74%
2.1%
Software - Application
Services-prepackaged Software
Link
United States of America
SAN MATEO