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4 methods Guidewire helps insurers rework in 2022

Simply earlier than the vacations, it was my nice pleasure to as soon as once more attend Guidewire Connections. This gathering of insurance coverage professionals supplied contemporary views on the disruptions of the final couple of years and the way the trade is shifting ahead.  

Listed below are 4 key take-aways we convey with us into the brand new yr: 

1. Cloud transformation is about “when” not “if” 

Cloud is enabling actual enterprise worth; not simply value take-out. Of their presentation, Accelerating Cloud Transformation on Guidewire Cloud Platform, Corey Barker and Keval Mehta shared how value take-out is simply the tip of the iceberg. Transferring to the cloud permits digital innovation, data-driven insights, and the agility to innovate rapidly to develop and simplify your corporation. 

The advantages enabled by the Guidewire Cloud Platform are proof optimistic. Guidewire has made nice strides in maturing their SaaS providing over the previous two years. A lot of our shoppers have already began on the journey. Others have indicated that their choice to maneuver just isn’t IF however WHEN. 

2. Enabling velocity to market 

Newer capabilities are creating the power to get new merchandise to market rapidly by leveraging the tremendously enhanced Superior Product Designer characteristic. This might help carriers turn into digital attackers in new strategic progress areas and get area of interest merchandise out to market. 

3. Evolving to a data-driven group 

Guidewire is continuous their efforts to assist carriers evolve to a data-driven group with the launch of their analytic resolution. At Accenture, we’ve got labored to assist carriers turn into data-driven in every part they do. Seeing elevated efforts on this space by Guidewire permits a extra cohesive strategy to data-driven every part by way of the Guidewire platform sooner or later. 

4. Harness the ability of the ecosystem for optimum worth throughout the enterprise 

The influence platforms can have on operations has tremendously expanded. Guidewire spoke of their companions as important parts of the sturdy end-to-end options insurance coverage shoppers want. Whether or not or not operations transformation is a excessive precedence for the provider, it’s by no means too quickly to start out considering greater on the function new modern options can play in end-to-end enterprise operations. 

Study extra about Accenture’s partnership with Guidewire. 

Study extra about Reimagining insurance coverage: The brand new cloud crucial

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Disclaimer: This content material is supplied for normal info functions and isn’t meant for use rather than session with our skilled advisors.



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