Guidewire Innsbruck Release Empowers Insurers to Transform Customer Experiences with Jutro Digital Platform

Rhea-AI Summary

Guidewire (NYSE: GWRE) Unveils Innsbruck Cloud Release at Connections Conference, Offering Advanced Digital Experiences and Automation for Insurers

Positive

• Innsbruck release introduces a record number of new functional capabilities for insurers, including Jutro Digital Platform, Predict with Tune framework, Analytics Manager, HazardHub for Canadian properties, Autopilot Workflow Service, Data Studio, and InsuranceNow Update Automation and GO products.
• The release empowers insurers to build digital experiences for any user across any line of business or distribution channel, evaluate pricing strategies, embed insights into underwriting and claims processes, automate business processes, accelerate time-to-value for business insights and analytics, and launch commercial package policies faster.
• The livestream of the Innsbruck release at Connections, Guidewire’s customer conference, will be available on-demand, and the release will be generally available on December 1, 2023.

Negative

• None.

NASHVILLE, Tenn.--(BUSINESS WIRE)-- CONNECTIONS CONFERENCE – Guidewire (NYSE: GWRE) announces Innsbruck, its latest cloud release, which helps insurers take advantage of market opportunities with advancements in customized digital experiences, risk insights, and claims automation. Innsbruck* will be unveiled at Connections, Guidewire’s customer conference, on November 13. Keynotes will be livestreamed and available on-demand. To view the livestream, visit connections.guidewire.com.

With this release, a record number of new functional capabilities will become generally available, including Jutro Digital Platform (Jutro) which empowers insurers to build digital experiences for any user across any line of business or distribution channel. Predict now includes Tune, a framework for actuaries to evaluate pricing strategies for maximizing growth and profitability. Predict also adds Analytics Manager to embed insights into underwriting and claims processes with codeless configuration. Underwriters can quickly and accurately assess risk for Canadian properties with HazardHub. Autopilot Workflow Service automates business processes across the P&C insurance lifecycle, with an initial focus on optimizing claims workflows. Data Studio accelerates time-to-value for business insights and analytics by making it easy to define curated operational datasets from InsuranceSuite core data.

InsuranceNow Update Automation enables insurers to update to the latest Guidewire Cloud release in weeks, not months, leveraging automated functional testing and delivery of new environments. New products for InsuranceNow GO enable insurers to launch a full commercial package policy up to 50% faster than building new products from scratch.

*Innsbruck release will be generally available on December 1, 2023. Some limits may apply.

About Guidewire

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/. All products mentioned in this announcement are Guidewire products. Not all products are available in every geography or to self-managed customers. Any unreleased services or features referenced in this, or other press releases or public statements are not currently available and may not be delivered on time or at all. Customers who purchase Guidewire applications should make their purchase decisions based upon features that are currently available.

Cautionary Language Concerning Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding the general availability of features, programs, services, and tools related to Innsbruck mentioned in this press release (including, without limitation, Jutro Digital Platform, Tune, Analytics Manager, Autopilot Workflow Services, Data Studio, HazardHub, InsuranceNow Update Automation, and InsuranceNow GO). These forward-looking statements are made as of the date they were first issued and were based on current expectations, estimates, forecasts and projections as well as the beliefs and assumptions of management. Words such as “expect,” “anticipate,” “should,” “believe,” “hope,” “target,” “project,” “goals,” “estimate,” “potential,” “predict,” “may,” “will,” “might,” “could,” “intend,” variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond Guidewire’s control. Guidewire’s actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to, risks detailed in Guidewire’s most recent Forms 10-K and 10-Q filed with the Securities and Exchange Commission as well as other documents that may be filed by Guidewire from time to time with the Securities and Exchange Commission. In particular, the following factors, among others, could cause results to differ materially from those expressed or implied by such forward-looking statements: quarterly and annual operating results may fluctuate more than expected; seasonal and other variations related to our customer agreements and related revenue recognition may cause significant fluctuations in our results of operations, ARR and cash flows; our reliance on sales to and renewals from a relatively small number of large customers for a substantial portion of our revenue; our ability to successfully manage any changes to our business model, including the transition of our products to cloud offerings and the costs related to cloud operations and security; the timing, success, and number of professional services engagements and the billing rates and utilization of our professional services employees and contractors; recent global events (including, without limitation, global pandemics, the ongoing wars between Russia and Ukraine and between Israel and Hamas, escalating tensions in the South China Sea, inflation higher than we have seen in decades, bank failures and associated financial instability and crises, and supply chain issues) and their impact on our employees and our business and the businesses of our customers, system integrator (“SI”) partners, and vendors; data security breaches of our cloud-based services or products or unauthorized access to our customers’ data, particularly in connection with our transition to a hybrid in-person and remote workforce; our competitive environment and changes thereto; issues in the development and use of artificial intelligence combined with an uncertain regulatory environment; our services revenue produces lower gross margins than our license, subscription and support revenue; our product development and sales cycles are lengthy and may be affected by factors outside of our control; the impact of new regulations and laws (including, without limitation, security, privacy, artificial intelligence and tax laws and accounting standards); assertions by third parties that we violate their intellectual property rights; weakened global economic conditions may adversely affect the P&C insurance industry, including the rate of information technology spending; general political or destabilizing events, including war, conflict or acts of terrorism; our ability to sell our products is highly dependent on the quality of our professional services and SI partners; the risk of losing key employees; the challenges of international operations, including changes in foreign exchange rates; and other risks and uncertainties. Past performance is not necessarily indicative of future results. The forward-looking statements included in this press release represent Guidewire’s views as of the date of this press release. Guidewire anticipates that subsequent events and developments will cause its views to change. Guidewire undertakes no intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. These forward-looking statements should not be relied upon as representing Guidewire’s views as of any date subsequent to the date of this press release.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231112453088/en/

Melissa Cobb, Senior Public Relations Manager

Guidewire Software

+1 650-464-1177

mcobb@guidewire.com

Source: Guidewire Software

FAQ

What are the key features of Guidewire's Innsbruck cloud release?

The Innsbruck release introduces a record number of new functional capabilities for insurers, including Jutro Digital Platform, Predict with Tune framework, Analytics Manager, HazardHub for Canadian properties, Autopilot Workflow Service, Data Studio, and InsuranceNow Update Automation and GO products.

When will the Innsbruck release be generally available?

The Innsbruck release will be generally available on December 1, 2023.

Where can I view the livestream of the Innsbruck release at Connections conference?

The livestream of the Innsbruck release at Connections, Guidewire’s customer conference, will be available on-demand.

How does the Innsbruck release empower insurers?

The release empowers insurers to build digital experiences for any user across any line of business or distribution channel, evaluate pricing strategies, embed insights into underwriting and claims processes, automate business processes, accelerate time-to-value for business insights and analytics, and launch commercial package policies faster.