Unlock Smarter Decision-Making with Automated Intake of Submission Data using Indico Data’s New Guidewire Cloud Integration
July 23 2024 - 8:55AM
Business Wire
Guidewire (NYSE: GWRE) and Indico Data Solutions (Indico), an
Insurtech Vanguards program graduate, announced that Indico’s new
Ready for Guidewire validated accelerator is now available for
PolicyCenter on Guidewire Cloud users in the Guidewire
Marketplace.
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20240723866490/en/
Melissa Cobb 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
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