Guidewire, a trusted platform for Property and Casualty (P&C) insurers, and EvolutionIQ have announced an innovative collaboration, hoping to revolutionise the insurance industry’s approach to claims management.
This collaboration seeks to promote the integration of AI in the claims handling process, facilitating more precise and cost-effective decision-making by claims handlers, by combining Guidewire’s cloud platform with EvolutionIQ’s Claims Guidance
The move focuses on improving the experience of claimants, reducing claim losses and expenses, and facilitating a faster return to work for sick or injured claimants. EvolutionIQ’s AI-powered Claims Guidance offers proactive insights into open insurance claims, guiding operators to make more accurate decisions and manage claim durations cost-effectively.
Guidewire is a leading platform for P&C insurers, offering digital, core, analytics, and machine learning solutions via a cloud service. With over 540 insurers in 40 countries, the firm provides a foundation for insurers to engage, innovate, and grow efficiently.
EvolutionIQ, a pioneer in Claims Guidance since 2019, uses explainable AI to assist insurance claims professionals in identifying high-impact claims. This approach enhances the claimant experience and leads to improved claim outcomes.
Tom Vykruta, co-founder & CTO, at EvolutionIQ, said, “EvolutionIQ is delighted to partner with Guidewire and make it easier for our shared customers to leverage AI in the claims handling process. This partnership represents an endorsement of Claims Guidance by a leading global insurance leader, with the scale and reputation to influence industry technology standards and trends now and in the future.
Roger Arnemann, General Manager & Senior Vice President, Analytics at Guidewire, said, “We are excited to welcome EvolutionIQ as a new Solution partner and combine the power of Guidewire Cloud with the insight and efficiency of EvolutionIQ’s Claims Guidance. “Just as we’re constantly evolving our own platform to anticipate customer needs, we seek partnerships that will help our customers transform their operations. Making EvolutionIQ part of the Guidewire ecosystem is part of that ongoing commitment.”
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