AI-powered fraud detection and claims automation company Shift Technology has joined the Guidewire PartnerConnect as a solution provider.
Guidewire is a software and services provider for the property and casualty insurance industry, offering tools for policy, claims, billing, risk management, analytics, and engagement, among others. Its Guidewire PartnerConnect is a global network of companies which provide consulting services and solutions to enhance, extend and complement the Guidewire products.
Founded in 2014, the Shift Technology uses AI and SaaS technology to help insurance companies detect potentially fraudulent claims. The platform can analyse and score claims made, making real-time alerts to fraud prevention handlers for any suspicious claims made.
The Paris-headquartered company also offers a claim automation solution which helps to streamline processes from the initial claim filling through to payout, reducing handling time from weeks to minutes.
Following this partnership, Shift Technology plans to leverage the developer platform DevConnect to create a new add-on for Guidewire ClaimCentre, an end-to-end claims management solution.
Shift Technology CEO and co-founder Jeremy Jawish said, “Our goal is to support insurers in their mission to provide a differentiated claims customer experience. Becoming part of Guidewire’s ecosystem, and our commitment to develop a Ready for Guidewire add-on using DevConnect, shows our joint customers that we understand how important it is for fraud detection to be a seamless part of the way claims are managed and settled, to the benefit of both insurers and their customers. We’re looking forward to great success as a Guidewire PartnerConnect Solution partner.”
Earlier in the year, Shift closed its Series C round on $60m in a bid to enhance its R&D and product development, as well as foster global expansion. Investments came from Accel, General Catalyst, and Iris Capital.
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