Guidewire Software

Guidewire Software, Inc. specializes in providing software solutions for property and casualty insurers globally. Its flagship product, Guidewire InsuranceSuite, includes ClaimCenter for claims management, PolicyCenter for policy administration, and BillingCenter for billing management. Additionally, the company offers Guidewire InsuranceNow, a cloud-based platform that facilitates policy, billing, and claims management. Other products include Guidewire Underwriting Management for integrated business applications, Guidewire Rating Management for pricing control, and Guidewire Client Data Management for customer information management. The company also provides a suite of analytics and artificial intelligence tools, such as Guidewire DataHub and Guidewire Predictive Analytics, to enhance operational efficiency and risk assessment. Founded in 2001 and headquartered in San Mateo, California, Guidewire operates additional offices in major global cities, including London, Munich, and Tokyo, and offers professional services to support implementation and integration for its clients.

Roger Arnemann

General Manager and SVP Guidewire Analytics

Shaji Sethu

Senior Vice President and General Manager

Past deals in Property Insurance

Flyreel

Series A in 2020
Flyreel is the most advanced AI-assisted underwriting solution for commercial and residential properties. Our mobile AI assistant adapts and guides users through the underwriting process using insurance-specific computer vision, creating a detailed baseline record of the property and its contents. Flyreel's solution improves the customer experience and reduces inefficiencies with automation powered by Artificial Intelligence.

Betterview

Convertible Note in 2020
Betterview is a developer of a property intelligence and risk management platform specifically tailored for property and casualty insurers. The company's platform enhances the customer experience by streamlining decision-making processes and improving risk assessment throughout the policy lifecycle. By identifying and mitigating risks, Betterview enables insurers to increase operational efficiency and inspection accuracy. The platform also facilitates automation in pricing, underwriting, and policy renewal, allowing insurers to concentrate their strategic efforts on critical properties. Overall, Betterview aims to provide comprehensive property insights that improve both operational effectiveness and customer transparency in the insurance industry.

Cyence

Acquisition in 2017
Cyence Inc. provides a platform for the economic modeling of cyber risk for the insurance industry globally. It offers Cyence, an analytics platform that quantifies the financial impact of cyber risk. The company’s Cyence is used by insurance industry professionals to prospect and select risks; assess and price risks; manage risk portfolios and accumulations; and provide new insurance products to the market. Cyence Inc. was incorporated in 2014 and is based in San Mateo, California. As of November 1, 2017, Cyence Inc. operates as a subsidiary of Guidewire Software, Inc..

ISCS

Acquisition in 2016
ISCS, Inc. specializes in designing and developing web-based software solutions for the property and casualty insurance sector. Its flagship product, the SurePower Innovation Policy Administration suite, encompasses a range of services including policy administration, claims processing, billing, underwriting, reinsurance, accounting, and payables. Founded in 1994 and headquartered in San Jose, California, ISCS aims to support insurance companies in enhancing their operational efficiency and business success. As of February 2017, ISCS operates as a subsidiary of Guidewire Software, Inc., further strengthening its position in the insurance technology market.

FirstBest

Acquisition in 2016
FirstBest Systems, Inc. specializes in software solutions tailored for property and casualty insurers. The company offers a range of products including underwriting workstations, agent portals, and new business systems. Notable offerings include FirstBest UMS, which integrates underwriting and business analyst tools with a Web 2.0 agent portal, and FirstBest Agent, a point-of-sale portal designed for new business and renewals that facilitates collaboration through shared documents and notifications. Additionally, FirstBest provides the Front Office Suite, which enhances collaboration among agents, brokers, and underwriters through predictive analytics and knowledge management tools. Founded in 2006 and based in Bedford, Massachusetts, FirstBest Systems has become part of Guidewire Software, further expanding its capabilities in the insurance technology sector.
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