Unlock Smarter Decision-Making with Automated Intake of Submission Data using Indico Data’s New Guidewire Cloud Integration
Guidewire (NYSE: GWRE) and Indico Data Solutions have announced the availability of Indico's new Ready for Guidewire validated accelerator for PolicyCenter on Guidewire Cloud users. The integration, available in the Guidewire Marketplace, features Indico's Intelligent Intake™ solution, which automates the processing of complex underwriting and claims submission data.
Key benefits of the integration include:
- Automatic population of extracted data in PolicyCenter
- Up to 86% reduction in time and manual effort for processing submissions
- Faster risk profile identification and accelerated speed-to-quote
The solution can handle various data types and document formats, enhancing decision-making for insurers. This partnership follows Guidewire's strategic investment in Indico's latest funding round, aiming to transform underwriting and claims processes for P&C insurers.
Guidewire (NYSE: GWRE) e Indico Data Solutions hanno annunciato la disponibilità del nuovo acceleratore validato da Indico, Ready for Guidewire, per PolicyCenter dedicato agli utenti di Guidewire Cloud. L'integrazione, disponibile nel Marketplace di Guidewire, presenta la soluzione Intelligent Intake™ di Indico, che automatizza l'elaborazione di dati complessi per la sottoscrizione e la presentazione delle richieste di risarcimento.
I principali vantaggi dell'integrazione includono:
- Popolamento automatico dei dati estratti in PolicyCenter
- Fino all'86% di riduzione del tempo e dello sforzo manuale per l'elaborazione delle presentazioni
- Identificazione più rapida del profilo di rischio e accelerazione dei tempi di preventivazione
La soluzione può gestire vari tipi di dati e formati di documenti, migliorando il processo decisionale per gli assicuratori. Questa partnership segue l'investimento strategico di Guidewire nell'ultimo round di finanziamento di Indico, con l'obiettivo di trasformare i processi di sottoscrizione e di gestione dei danni per gli assicuratori P&C.
Guidewire (NYSE: GWRE) e Indico Data Solutions han anunciado la disponibilidad del nuevo acelerador validado por Indico, Ready for Guidewire, para PolicyCenter dirigido a los usuarios de Guidewire Cloud. La integración, disponible en el Marketplace de Guidewire, presenta la solución Intelligent Intake™ de Indico, que automáticamente procesa datos complejos de suscripción y de presentación de reclamaciones.
Los principales beneficios de la integración incluyen:
- Población automática de datos extraídos en PolicyCenter
- Reducción de hasta el 86% en tiempo y esfuerzo manual para el procesamiento de presentaciones
- Identificación más rápida del perfil de riesgo y aceleración de la velocidad para la cotización
La solución puede manejar varios tipos de datos y formatos de documentos, mejorando la toma de decisiones para los aseguradores. Esta asociación sigue a la inversión estratégica de Guidewire en la última ronda de financiamiento de Indico, con el objetivo de transformar los procesos de suscripción y reclamaciones para los aseguradores de P&C.
가이드와이어(뉴욕증권거래소: GWRE)와 인디코 데이터 솔루션이 가이드와이어 클라우드 사용자용 정책센터에 대한 인디코의 새로운 가이드와이어 검증 가속기의 가용성을 발표했습니다. 가이드와이어 마켓플레이스에서 제공되는 이 통합은 인디코의 Intelligent Intake™ 솔루션을 특징으로 하며, 복잡한 인수 및 청구 제출 데이터 처리 자동화를 제공합니다.
통합의 주요 이점은 다음과 같습니다:
- 정책센터에서 추출된 데이터의 자동 채우기
- 제출 처리에 대한 시간 및 수작업 노력 최대 86% 절감
- 위험 프로필 식별 가속화 및 견적 속도 향상
이 솔루션은 다양한 데이터 유형과 문서 형식을 처리할 수 있어 보험사의 의사결정을 개선합니다. 이 파트너십은 인디코의 최근 자금 조달 라운드에 대한 가이드와이어의 전략적 투자 이후에 이루어졌으며, P&C 보험사의 인수 및 청구 프로세스를 혁신하는 것을 목표로 합니다.
Guidewire (NYSE: GWRE) et Indico Data Solutions ont annoncé la disponibilité du nouvel accélérateur validé par Indico, Ready for Guidewire, pour PolicyCenter à destination des utilisateurs de Guidewire Cloud. L'intégration, disponible sur le Guidewire Marketplace, présente la solution Intelligent Intake™ d'Indico, qui automatise le traitement des données complexes de souscription et de soumission de réclamations.
Les principaux avantages de l'intégration incluent :
- Remplissage automatique des données extraites dans PolicyCenter
- Réduction jusqu'à 86 % du temps et de l'effort manuel pour le traitement des soumissions
- Identification plus rapide des profils de risque et accélération du délai d'établissement de devis
La solution peut gérer différents types de données et formats de documents, améliorant ainsi la prise de décision pour les assureurs. Ce partenariat fait suite à l'investissement stratégique de Guidewire dans le dernier tour de financement d'Indico, visant à transformer les processus de souscription et de gestion des sinistres pour les assureurs P&C.
Guidewire (NYSE: GWRE) und Indico Data Solutions haben die Verfügbarkeit des neuen, von Indico validierten Beschleunigers 'Ready for Guidewire' für PolicyCenter für Guidewire Cloud-Benutzer bekannt gegeben. Die Integration, die im Guidewire Marketplace erhältlich ist, umfasst die Intelligent Intake™-Lösung von Indico, die die Verarbeitung komplexer Daten für Underwriting und Schadensmeldungen automatisiert.
Die wichtigsten Vorteile der Integration umfassen:
- Automatische Befüllung extrahierter Daten in PolicyCenter
- Bis zu 86 % Reduzierung von Zeit und manuellem Aufwand bei der Verarbeitung von Einreichungen
- Schnellere Identifizierung von Risikoprofilen und beschleunigte Angebotsgeschwindigkeit
Die Lösung kann verschiedene Datentypen und Dokumentenformate verarbeiten, wodurch die Entscheidungsfindung für Versicherer verbessert wird. Diese Partnerschaft folgt auf die strategische Investition von Guidewire in Indicos letzter Finanzierungsrunde mit dem Ziel, die Underwriting- und Schadenbearbeitungsprozesse für P&C-Versicherer zu transformieren.
- Integration of Indico's Intelligent Intake™ solution with Guidewire's PolicyCenter
- Up to 86% reduction in time and manual effort for processing submissions
- Accelerated speed-to-quote to drive gross written premium performance
- Ability to handle various data types and document formats
- Strategic investment from Guidewire in Indico's latest funding round
- None.
Insights
The integration between Indico Data Solutions and Guidewire is a notable development in the insurtech sector, mainly due to the technological advancements it brings. Indico’s Intelligent Intake™ is designed to handle diverse data types, performing tasks traditionally done by manual labor. This can significantly reduce the time and errors associated with data processing. From a technological perspective, this partnership leverages AI and machine learning to extract and structure data, making it actionable. This move aligns with the industry trend of automating repetitive tasks to improve efficiency and accuracy. By integrating with Guidewire's PolicyCenter, insurers can access and utilize structured data directly within their existing systems, which can be a game-changer in terms of operational efficiency.
From a market perspective, the integration is a strategic move for both Indico and Guidewire. The insurance industry is increasingly adopting technology to streamline operations and this partnership positions both companies well within that trend. The ability to automate data intake and processing can translate to cost savings and improved decision-making for insurers. Moreover, the reduction in manual processing time by up to 86% is a significant efficiency boost. This integration could potentially drive higher gross written premiums by enabling quicker and more accurate underwriting decisions. For investors, this development suggests potential for revenue growth and operational efficiencies for both companies involved.
Financially, this partnership could have positive implications for both Guidewire and Indico Data Solutions. For Guidewire, the integration might lead to increased adoption of their PolicyCenter platform, potentially boosting their revenue. Indico, on the other hand, could see accelerated growth as their technology becomes more integrated into mainstream insurance processes. Additionally, the strategic investment by Guidewire in Indico signals confidence in their technology and business model. Investors should keep an eye on how this integration impacts the financial performance of both companies in upcoming quarters. The potential for reduced operational costs and increased premium revenues could positively affect their financial statements.
Indico’s Intelligent Intake™ solution helps insurers quickly and easily process complex underwriting and claims submission data. It automatically ingests information from a submission, then classifies, unbundles, and extracts key data points from each document, producing a structured output. The rapidly delivered, accurate data enables insurers to quickly make better decisions regarding risk. Indico’s Guidewire accelerator integrates Intelligent Intake with PolicyCenter.
With the Indico Data Accelerator for Intelligent Intake, insurers can:
- Easily view extracted data automatically populated in PolicyCenter;
-
Reduce time and manual effort required to process and translate submissions by up to
86% ; and - Enable underwriters to rapidly identify the right risk profile and accelerate speed-to-quote to drive gross written premium performance.
Indico’s solution can handle any data type, from structured to semi- and unstructured data, and sorts through any submission regardless of document type, layout, or language, from any source, with precision.
“Guidewire’s strategic investment in our latest funding round, along with the launch of our Guidewire accelerator, represents a significant step forward in our mission to transform the underwriting and claims processes for P&C insurers,” said Tom Wilde, Chief Executive Officer, Indico Data. “The integration with PolicyCenter enables our customers to automate the ingestion of unstructured data, helping them make better decisions around what risk to underwrite. This partnership not only validates our innovative approach but also accelerates our ability to drive growth and deliver cutting-edge solutions to the insurance industry.”
“Congratulations to Indico on the release of its new PolicyCenter integration,” said Will Murphy, Vice President, Global Technology Alliances, Guidewire. “Indico’s powerful technology can help insurers expedite submission turnaround times, enhancing underwriting and revenue growth. Integrated with Guidewire, time and effort is reduced even further.”
About Indico Data
Indico Data automates critical workflows for enterprises in document-intensive industries, including insurance, financial services and healthcare. Leveraging Indico’s first to market hybrid Discriminative and Generative AI technology, Indico’s Intelligent Intake™ Solution, enables organizations to free their experts from tedious, manual tasks, allowing them to drive better decisions with better data. Visit IndicoData.ai to learn more.
About Guidewire PartnerConnect ecosystem and Ready for Guidewire
Guidewire’s solution ecosystem is the largest in the P&C industry, with over 210 solution partners providing over 260 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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240723866490/en/
Melissa
Senior Public Relations Manager
Guidewire Software, Inc.
+1.650.464.1177
mcobb@guidewire.com
Jeremy Stinson
VP of Marketing
Indico Data
508.277.7837
jeremy.stinson@indicodata.ai
Source: Guidewire Software
FAQ
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