Make More Informed Risk Decisions with CogniSure AI’s new Guidewire Marketplace App

Rhea-AI Summary

Guidewire (NYSE: GWRE) has partnered with CogniSure AI to launch the Ready for Guidewire validated Submission Intake Accelerator for PolicyCenter. This tool aims to address the challenges insurers face in processing unstructured data from documents. It automates data extraction, reduces manual entry, and enhances risk analysis capabilities by delivering organized data into PolicyCenter, ultimately improving efficiency and decision-making for insurers.

Positive

• Launch of Submission Intake Accelerator enhances data processing efficiency.
• Automated extraction reduces manual data entry for insurers.
• Improved risk analysis capabilities with organized data integration into PolicyCenter.

Negative

• None.

WARRENVILLE, Ill. & SAN MATEO, Calif.--(BUSINESS WIRE)-- Guidewire (NYSE: GWRE) and CogniSure AI (CogniSure) announced that CogniSure’s new Ready for Guidewire validated accelerator for PolicyCenter is now available to users in the Guidewire Marketplace.

“Data buried in unstructured insurance documents and applications is a huge hurdle for the digitization of commercial underwriting,” said Sai Raman, founder and chief executive officer, CogniSure. “At CogniSure, our goal is to help insurers unlock the insights that are trapped in these documents by digitizing their processing. When processing these unstructured documents with CogniSure, insurers no longer have to be burdened with tedious manual entry and can focus more on analysis instead.”

CogniSure’s Submission Intake accelerator enables insurers to:

• Reduce manual data entry by accessing data extracted from submission documents such as ACORD, schedules, statement of values, and loss runs in PolicyCenter;
• Quickly view an embedded summary of its data analysis; and
• Update recommendations and add notes.

Built for the P&C insurance industry, CogniSure’s deep learning algorithms extract, validate, and analyze data in unstructured submission documents to help insurers save time, reduce costs, and make better risk decisions. After processing, its app then digitally ingests the standardized, well-organized data and analysis into PolicyCenter, providing prior policy, loss views, and risk analysis.

“We applaud CogniSure on the release of its PolicyCenter accelerator,” said Becky Mattick, vice president, Global Solution Alliances, Guidewire. “CogniSure’s technology is now easily accessible through PolicyCenter, allowing our joint customers to receive actionable insights that would otherwise be buried in unstructured documents.”

About CogniSure AI

The CogniSure AI Platform unlocks insights trapped in unstructured documents such as loss runs, submissions, quotes and policies. Its deep learning algorithms accurately extract, validate and analyze data from these documents to create new growth opportunities, develop risk insights, reduce costs, and help customers prevent losses. Learn more at www.CogniSure.ai or contactus@cognisure.ai.

About Guidewire PartnerConnect ecosystem and Ready for Guidewire

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 AI to deliver our platform as a cloud service. More than 450 insurers, 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 1,000+ 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 Twitter: @Guidewire_PandC.

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

View source version on businesswire.com: https://www.businesswire.com/news/home/20220126005362/en/

Melissa Cobb

Senior Public Relations Manager

Guidewire Software, Inc.

+1.650.464.1177

mcobb@guidewire.com

Katy McBride

VP, Operations

CogniSure AI

+1.530.312.2200

Katy@cognisure.ai

Source: Guidewire Software

FAQ

What is the Submission Intake Accelerator launched by Guidewire and CogniSure?

The Submission Intake Accelerator is a tool designed to automate data extraction from unstructured documents in the insurance industry, streamlining the submission process.

How does the Submission Intake Accelerator benefit insurers?

It reduces manual data entry, improves efficiency in processing unstructured data, and enhances risk analysis capabilities.

What is the impact of the partnership between Guidewire and CogniSure?

The partnership aims to enhance the capabilities of Guidewire's PolicyCenter by integrating CogniSure's advanced data processing technology.

When was the Submission Intake Accelerator made available?

The Submission Intake Accelerator was announced and made available recently, as per the press release.

Where can the Submission Intake Accelerator be accessed?

It can be accessed through the Guidewire Marketplace.