Guidewire Software

Guidewire Software, Inc. provides technology solutions to the property, casualty, and workers compensation insurance industry. It offers ClaimCenter, a Web-based claims system that supports various lines of personal, commercial, and workers' compensation insurance; BillingCenter, a Web-based enterprise application for coordinating, executing, and recording receivables transactions; and PolicyCenter, a Web-based underwriting and policy administration system for personal and commercial line carriers. The company also offers implementation services; and assessment services for property and casualty companies in North America. Its solutions are used to perform various insurance operations, including billing, underwriting, policy, and claim management. Guidewire Software, Inc. was founded in 2001 and is based in San Mateo, California with additional offices in London, Munich, Paris, Sydney, Tokyo, Hong Kong, and Toronto.

Nigel Gurney

Finance Director EMEA

Shaji Sethu

Senior Vice President and General Manager

14 past transactions

Champ

Series B in 2022
Through the application of its secure, patented SaaS technology, Champ Titles (www.champtitles.com) digitizes the process of vehicle titling between state government, insurance carriers, financial institutions, vehicle sellers, consumers, and others. Champ Titles, founded in 2018, is focused on creating efficiencies and benefits for all vehicle title ecosystem members. Champ Titles has developed several solutions, all of which are built on a shared platform that serves different industry verticals. This common chassis has allowed the company to adapt its technology for insurance carriers, automotive retailers, and state governments, resulting in lower costs, increased security, and the easy transfer of ownership, benefiting all members of the vehicle title ecosystem.

Shift Technology

Series D in 2021
Shift Technology delivers AI-native decision automation and optimization solutions built specifically for the global insurance industry. Addressing several critical processes across the insurance policy lifecycle, Shift helps insurers achieve faster, more accurate claims and policy resolutions. Shift has analyzed billions of insurance transactions to date and was presented Frost & Sullivan’s 2020 Global Claims Solutions for Insurance Market Leadership Award.

Friss

Series B in 2021
Friss is the provider of analytics software for fraud, risk, and compliance for P&C insurers. Friss has 100% dedication to fraud, risk, and compliance for non-life insurance companies worldwide. FRISS helps insurers to achieve profitable portfolio growth and improve their perception in the market as trustworthy insurer. FRISS is a ready-to-use business solution and improves the insurers' loss ratios by identifying high risks and fraud at quotation, underwriting, and claim handling across all private and commercial lines. The FRISS® Score enables better decisions since it indicates the risk for each quotation, policy or claim. FRISS is global market leader with 150+ implementations in over 30 countries. FRISS (www.friss.com) offers a complete solution for fraud, risk and compliance. ☆ Risk assessment at underwriting ☆ Generate profitable growth for your portfolio by real-time automated detection and assessment of risks during the underwriting process. It is important to prevent fraud and assess risks by having a holistic view of prospects before they enter your portfolio. The FRISS underwriting solution provides an intelligent and uniform risk estimation, which is proven to improve the combined ratio significantly. ☆ Prevent and detect fraud at claims ☆ The general assumption is that, at average, around 10% of all Insurance Claims are tied to some sort of fraud. In order to finance these malicious claims, we all pay additional for our Insurance Policies. Three things are important: - How to detect fraud correctly and efficiently? - How to detect malicious customers in time? - How do you handle this in your daily operational business? Reduce your loss ratio by increasing the chances of detecting fraud and limit false positives to a minimum. Use automated fraud detection during the claims process to make an accurate and objective estimation of the risks related to a claim. It improves straight through processing (STP), and claims that need further attention will be recognized directly. ☆ Become and stay compliant ☆ Compliance concerns all insurance processes. Become and stay compliant with the latest legislation and regulations. Knowing and screening your customers will prevent reputational damage and avoids high penalties. Gain insight into Ultimate Beneficial Owners (UBOs). This will enhance the quality of your underwriting process. Furthermore, administrative burdens will be reduced to a minimum. FRISS is recognized by Gartner in 2014 as the European market leader and striving to become the global leader.

Champ

Series A in 2021
Through the application of its secure, patented SaaS technology, Champ Titles (www.champtitles.com) digitizes the process of vehicle titling between state government, insurance carriers, financial institutions, vehicle sellers, consumers, and others. Champ Titles, founded in 2018, is focused on creating efficiencies and benefits for all vehicle title ecosystem members. Champ Titles has developed several solutions, all of which are built on a shared platform that serves different industry verticals. This common chassis has allowed the company to adapt its technology for insurance carriers, automotive retailers, and state governments, resulting in lower costs, increased security, and the easy transfer of ownership, benefiting all members of the vehicle title ecosystem.

Imburse

Series A in 2021
Imburse is a cloud-based payments integration platform the can connect any enterprise system to any payments rail, any payment provider, any payment technology in any market, for collections AND payouts. Our clients can seamlessly connect any core, CRM and ERP system to Imburse to initiate paymets and benefit from a single source of reporting truth. We help CFOS, COOs and CMOs to better engage customers and to drive business efficiency and benefit from being completely operationally insulated form the payments world. Deploy any payment provider or payment technology in minutes with ZERO impact on operations and finance. The Imburse platform is an enterprise SaaS solution that supports multi-tenancy deployments.

Flyreel

Series A in 2020
Flyreel provides total property understanding. Its AI Assistant guides policyholders through effortless self-service inspections and claims workflows, thoroughly documenting interior and exterior data like property risks, hazards, features, materials, and more.

Hover

Series D in 2020
Hover is making the homeowner journey easy, transparent and fun. Starting with the home improvement industry, we’re answering age-old questions like, “What is it going to look like?” and “What is it going to cost?”, by helping homeowners and pros visualize what’s possible with Artificial Intelligence (AI) and interactive 3D property models. Homeowners, contractors, and insurance professionals all use Hover to get fully measured, accurate, and interactive models of any property—in a matter of minutes, and with just a few snaps of a smartphone camera.

Imburse

Seed Round in 2020
Imburse is a cloud-based payments integration platform the can connect any enterprise system to any payments rail, any payment provider, any payment technology in any market, for collections AND payouts. Our clients can seamlessly connect any core, CRM and ERP system to Imburse to initiate paymets and benefit from a single source of reporting truth. We help CFOS, COOs and CMOs to better engage customers and to drive business efficiency and benefit from being completely operationally insulated form the payments world. Deploy any payment provider or payment technology in minutes with ZERO impact on operations and finance. The Imburse platform is an enterprise SaaS solution that supports multi-tenancy deployments.

Betterview

Convertible Note in 2020
Betterview is a property intelligence platform that assists property insurers in analyzing, scoring, managing, and monitoring property risk. Betterview improves the customer experience by accelerating decisions and improving risk at every point of the lifecycle. Betterview combines geospatial data sources, interprets them using proprietary ML technology, and converts the resulting insights into understandable and actionable insights.

Cyence

Acquisition in 2017
Cyence has developed the industry’s first economic cyber risk modeling platform quantifying cyber risk in probabilities and dollars. Cyence’s unique solutions help the insurance industry more effectively manage cyber risk from prospecting and selecting, to assessment and pricing, and managing portfolios, exposures and accumulations.

ISCS

Acquisition in 2016
ISCS provides software and services to the P&C insurance industry. We designed our product, the SurePower Innovation modern enterprise suite, to be your strategic choice to drive your business success. We do this through our unique combination of the right technologies, our talented people, and our field-proven processes.

FirstBest

Acquisition in 2016
FirstBest Systems, Inc. provides software solutions for property and casualty insurers. It offers solutions that include underwriting workstations, agent portals, agency connectivity, and new business systems; FirstBest UMS, which combines underwriting and business analyst workstations with a Web 2.0 agent portal; FirstBest Agent, a point-of-sale portal for new business and renewals with supplemental data, shared documents, notes, and email notifications; and FirstBest Application Form Reader, an automatic form image translator. The company also provides FirstBest Front Office Suite that brings agents, brokers, MGAs, MGUs, and underwriters together in a collaborative underwriting process that incorporates business rules, collaboration and knowledge management tools, activities, predictive analytics, and information needed to submit, evaluate, quote, and close business. The company was founded in 2006 and is based in Bedford, Massachusetts. FirstBest Systems is now part of Guidewire Software.

EagleEye Analytics

Acquisition in 2016
EagleEye Analytics’ client list includes some of the top P&C insurance carriers in the U.S. and Canadian markets, including three of the top 10 and several more in the top 20 in the US alone. In addition, we have many clients in the middle market, with volumes ranging from $66 million to $23 billion in annual DWP. A majority of our client engagements are based in U.S. and Canada, but we are also present in Europe and Oceana, and piloting work in Asia.

Millbrook, Inc.

Acquisition in 2013
Millbrook’s innovative approach to safe data integration, using enterprise insurance data models helps minimize business disruption and reduce risk during new data migration deployments such as new policy or claims system implementations. From this end-to-end, highly effective approach, Millbrook clients receive qualitative and quantitative benefits, which often have a significant and positive impact on bottom-line results.
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