Verisk Insurance Solutions has joined Guidewire PartnerConnect as a solution partner.
The companies also announced Verisk’s participation in the Ready for Guidewire accelerator validation program.
A leading source of information about property/casualty insurance risk, Verisk Insurance Solutions will provide Ready for Guidewire accelerators to make it easier for any insurance company using Guidewire PolicyCenter for policy administration to integrate with its solutions, reducing implementation time and effort.
A-PLUS Property, Verisk’s property claims loss history solution, will be the first Verisk solution to receive the Ready for Guidewire validation mark.
A-PLUS offers detailed information about previous auto and property claims activity and cost-effective claims loss history indicators to optimize underwriting expenses. The A-PLUS Property accelerator now enables all of the information offered by A-PLUS to be directly accessible from within PolicyCenter.
Verisk Insurance Solutions Personal Lines Underwriting senior vice president Steve Lekas said: “Verisk is committed to making its data and analytics solutions available to insurers however they choose to consume information.
“Making our solutions Guidewire-ready further enhances the functionality and speed of delivery of several industry-leading solutions that Verisk offers the industry.”
Guidewire Software strategy vice president Neil Betteridge said: “We are pleased to welcome Verisk Insurance Solutions to the Guidewire PartnerConnect program as a Solution partner. We have enjoyed a strong alliance with Verisk for many years, including collaborating closely on ISO Electronic Rating Content (ERC), and are excited to expand our overall relationship with Verisk.
“This alliance will make it simpler and faster for our mutual customers to integrate PolicyCenter with several key Verisk solutions.”
The A-PLUS Property integration is expected to be closely followed by Verisk’s A-PLUS Auto loss history solution and Coverage Verifier Auto policy history solution. Coverage Verifier provides current and prior coverage experience for personal auto insurers, helping them to make better risk selection and pricing decisions.
Verisk plans to continue to integrate additional underwriting and claims solutions with InsuranceSuite, making them “Ready for Guidewire” throughout 2016 and beyond.