MALMÖ, Sweden & SAN MATEO, California – (COMMERCIAL THREAD) – Upptec, a provider of automated claims solutions for all home and travel insurance content, and Guidewire PartnerConnect Solution and Guidewire Software, Inc. (NYSE: GWRE), the platform P&C insurers trust to engage, innovate and grow effectively, today announced that the new Ready for guide wire The validated add-on is now available to ClaimCenter users on Guidewire Marketplace.
Upptec Valuation for Claims Adjusters enables automated valuation of goods damaged during a claim. ClaimCenter users can now provide impartial, timely and transparent settlements to claimants, improving the claimant experience and reducing claim costs. Using this technology, adjusters can search Upptec’s product database to instantly find and assess the value of a claimant’s damaged item, determined using local retailer prices. . Using the insurer’s policies and amortization rules, it automatically calculates the claimant’s overall compensation, thereby reducing the variation in compensation. Upptec integration allows users to seamlessly access this technology through ClaimCenter, reducing cycle time and manual labor for adjusters.
With Upptec’s ClaimCenter add-on, insurers can:
Seamlessly use Upptec’s assessment technology directly in ClaimCenter;
Instantly access automatic assessment of damaged items based on specific local market;
Quickly create a summary of the claim including the resulting compensation using insurer specific policies with fraud prevention capabilities;
Easily redo the assessment using prices from a different store if necessary.
“Guidewire Marketplace is a great opportunity to accelerate industry transformation through an innovative partnership with industry leaders,” said Magnus Franck, CEO of Upptec. “We are proud to be a European Guidewire partner and see great benefit in contributing to the ecosystem and enhancing innovation within Guidewire solutions. We believe this will be a win-win solution not only for our collaboration with Guidewire, but also for insurers and the insurance industry as a whole.
“We congratulate Upptec on the release of its add-on, now available on the Guidewire Marketplace,” said Neil Betteridge, vice president, Strategy, Guidewire Software. “Obtaining appraisals for a claimant’s damaged property used to be a tedious process for insurers. With Upptec’s direct processing in ClaimCenter, adjusters can automatically access valuations, reducing the time and money spent on a claim.
Simplify Claims Automation – Upptec aims to transform the global insurance industry through pioneering technological innovations by making it easier, faster and easier to complete a digital claim. From the first notice of loss to settlement, we automate. From the start, we have reduced costs, increased efficiency and fostered circularity in our sustainable thinking for our partners.
For more information, visit upptec.com
About the Guidewire PartnerConnect ecosystem and Ready for guide wire
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, applications and other complementary solutions for Guidewire products. All our Ready for guide wire Partner solutions are validated for safety, quality, and compatibility with Guidewire, and can be found on Guidewire Marketplace.
For more information on 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 effectively. We combine digital, core, analytics and AI to deliver our platform as a cloud service. Over 400 insurers, from new businesses to the world’s largest and most complex, operate on Guidewire.
As a partner of our clients, we continuously evolve to enable their success. We pride ourselves on our unprecedented implementation track record, with over 1,000 successful projects, supported by the industry’s largest R&D team and ecosystem of partners. Our marketplace provides hundreds of apps that accelerate integration, localization and innovation.
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