Guidewire Software
Guidewire Software provides cloud-based and on-premise software solutions for the property and casualty insurance industry. Its flagship InsuranceSuite comprises PolicyCenter, BillingCenter and ClaimCenter, supporting policy administration, billing and claims management. The company also offers InsuranceNow for midmarket deployments, a suite of cloud-based modules for underwriting, rating, reinsurance, client data management and product content management. Additional tools include submission intake (AppReader), a London Market package for claims and integrations with Salesforce. Its analytics and AI offerings include DataHub, InfoCenter, Risk Insights, Predictive Analytics and Business Intelligence to measure performance and assess risk. Services cover implementation, integration and professional services. Guidewire provides digital engagement applications for insurers, agents and partners, serving customers worldwide from its headquarters in San Mateo, California, and was founded in 2001.
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Past deals in Property Insurance
Pinpoint Predictive
Series A in 2024
Pinpoint Predictive develops a property and casualty insurance platform that delivers loss predictions and risk scores using basic data such as a name and address. The platform provides actuarial forecasts of claims frequency, severity, and loss cost, and generates risk scores that insurers can use at various points, including referrals, litigation, early cancellation, and preventing premium leakage. By enabling insurers to track consumers and tailor products from the outset of the customer journey, the company supports early risk selection and more personalized underwriting and pricing.
Betterview
Venture Round in 2023
Betterview is a property intelligence platform that enables property and casualty insurers to effectively analyze, score, manage, and monitor property risk. By leveraging geospatial data and proprietary machine learning technology, Betterview transforms complex data into actionable insights, enhancing decision-making throughout the policy lifecycle. The platform aims to identify and mitigate risks while improving operational efficiency and inspection processes. Additionally, it fosters a more transparent customer experience, allowing insurers to automate critical functions such as pricing, underwriting, and renewal. Through its innovative approach, Betterview supports insurers in focusing their strategic efforts on high-risk properties, thereby enhancing overall risk management.
Flyreel
Series A in 2020
Flyreel, Inc. is a technology company based in Denver, Colorado, specializing in a platform that enhances the property insurance underwriting process. Established in 2013 and formerly known as MyFactals, the company utilizes artificial intelligence and computer vision to facilitate user-guided inspections and claims workflows. Flyreel's platform enables policyholders to conduct self-service inspections, allowing for thorough documentation of property details, including risks, hazards, and materials. By streamlining the underwriting process, Flyreel’s technology aids insurance carriers in making informed, data-driven decisions, ultimately improving underwriting efficiency, risk management, and customer satisfaction.
Betterview
Convertible Note in 2020
Betterview is a property intelligence platform that enables property and casualty insurers to effectively analyze, score, manage, and monitor property risk. By leveraging geospatial data and proprietary machine learning technology, Betterview transforms complex data into actionable insights, enhancing decision-making throughout the policy lifecycle. The platform aims to identify and mitigate risks while improving operational efficiency and inspection processes. Additionally, it fosters a more transparent customer experience, allowing insurers to automate critical functions such as pricing, underwriting, and renewal. Through its innovative approach, Betterview supports insurers in focusing their strategic efforts on high-risk properties, thereby enhancing overall risk management.
ISCS
Acquisition in 2016
ISCS, Inc. is a software development company based in San Jose, California, specializing in solutions for the U.S. property and casualty insurance market. Founded in 1994, ISCS designs and develops a web-based policy administration suite known as SurePower Innovation. This comprehensive platform facilitates various functions including policy administration, claims processing, billing, underwriting, reinsurance, and accounting. The company's focus on leveraging advanced technologies and robust processes positions it as a strategic partner for insurance businesses seeking to enhance their operational efficiency. As of 2017, ISCS operates as a subsidiary of Guidewire Software, Inc.
FirstBest
Acquisition in 2016
FirstBest Systems, Inc. develops software solutions specifically for property and casualty insurers, aiming to enhance underwriting profitability and operational efficiency. Founded in 2006 and based in Bedford, Massachusetts, the company offers a range of products designed to streamline the insurance process. Its solutions include underwriting workstations, agent portals, and business systems such as FirstBest UMS, which integrates underwriting and agent functionalities, and FirstBest Agent, a portal for managing new business and renewals. Additionally, FirstBest provides the Front Office Suite, which fosters collaboration among agents, brokers, and underwriters by incorporating business rules and predictive analytics. In 2019, FirstBest became part of Guidewire Software, further extending its reach and capabilities within the insurance industry.
EagleEye Analytics
Acquisition in 2016
EagleEye Analytics, Inc. specializes in predictive analytics software and consulting services tailored for the property and casualty insurance sector in the United States, Canada, and internationally. Founded in 2007 and based in Columbia, South Carolina, the company offers a range of products, including Talon Analysis Studio, a software-as-a-service platform for model building and data analysis, and Talon Management Studio, which allows non-technical staff to interpret and manage analytical results. Additionally, EagleEye provides real-time scoring services and solutions for pricing, underwriting, claims analytics, and marketing. The company serves a diverse clientele, including leading insurance carriers in North America, and has expanded its presence to Europe, Oceania, and Asia through pilot projects. EagleEye Analytics maintains strategic alliances with notable firms in the industry, enhancing its service offerings and market reach.
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