Guidewire Software
Guidewire Software, Inc. is a technology company that specializes in providing software solutions for property and casualty insurers globally. Founded in 2001 and headquartered in San Mateo, California, the company offers its flagship product, Guidewire InsuranceSuite, which includes ClaimCenter for claims management, PolicyCenter for policy administration, and BillingCenter for billing management. Additionally, Guidewire provides InsuranceNow, a cloud-based platform that integrates policy, billing, and claims management functionalities. The company also offers various specialized applications such as Underwriting Management, Rating Management, and Client Data Management, along with analytics and artificial intelligence tools to enhance decision-making and improve operational efficiency. Guidewire's solutions support essential insurance operations and are designed to meet the needs of insurers across diverse markets, with a focus on delivering digital experiences to customers and enhancing overall business performance.
Past deals in Property Insurance
Pinpoint Predictive
Series A in 2024
Pinpoint Predictive is a company that specializes in providing property and casualty insurers with advanced loss predictions and risk scores based solely on a customer's name and address. Its platform is designed to enhance risk selection at the initial stages of the customer journey by delivering actuarial predictions related to claims frequency, severity, and loss costs. Additionally, the platform offers risk scores that assist insurers in identifying cases for special investigations, managing litigation, addressing early cancellations, and reducing premium leakage. By enabling insurers to track consumer behavior and tailor their product offerings, Pinpoint Predictive enhances the overall efficiency and effectiveness of the underwriting process.
Betterview
Venture Round in 2023
Betterview is a property intelligence platform that enables property and casualty insurers to effectively analyze, score, manage, and monitor property risk. By leveraging geospatial data and proprietary machine learning technology, Betterview transforms complex data into actionable insights, enhancing decision-making throughout the policy lifecycle. The platform aims to identify and mitigate risks while improving operational efficiency and inspection processes. Additionally, it fosters a more transparent customer experience, allowing insurers to automate critical functions such as pricing, underwriting, and renewal. Through its innovative approach, Betterview supports insurers in focusing their strategic efforts on high-risk properties, thereby enhancing overall risk management.
Flyreel
Series A in 2020
Flyreel, Inc. is a technology company based in Denver, Colorado, specializing in a platform that enhances the property insurance underwriting process. Established in 2013 and formerly known as MyFactals, the company utilizes artificial intelligence and computer vision to facilitate user-guided inspections and claims workflows. Flyreel's platform enables policyholders to conduct self-service inspections, allowing for thorough documentation of property details, including risks, hazards, and materials. By streamlining the underwriting process, Flyreel’s technology aids insurance carriers in making informed, data-driven decisions, ultimately improving underwriting efficiency, risk management, and customer satisfaction.
Betterview
Convertible Note in 2020
Betterview is a property intelligence platform that enables property and casualty insurers to effectively analyze, score, manage, and monitor property risk. By leveraging geospatial data and proprietary machine learning technology, Betterview transforms complex data into actionable insights, enhancing decision-making throughout the policy lifecycle. The platform aims to identify and mitigate risks while improving operational efficiency and inspection processes. Additionally, it fosters a more transparent customer experience, allowing insurers to automate critical functions such as pricing, underwriting, and renewal. Through its innovative approach, Betterview supports insurers in focusing their strategic efforts on high-risk properties, thereby enhancing overall risk management.
ISCS
Acquisition in 2016
ISCS, Inc. is a software development company based in San Jose, California, specializing in solutions for the U.S. property and casualty insurance market. Founded in 1994, ISCS designs and develops a web-based policy administration suite known as SurePower Innovation. This comprehensive platform facilitates various functions including policy administration, claims processing, billing, underwriting, reinsurance, and accounting. The company's focus on leveraging advanced technologies and robust processes positions it as a strategic partner for insurance businesses seeking to enhance their operational efficiency. As of 2017, ISCS operates as a subsidiary of Guidewire Software, Inc.
FirstBest
Acquisition in 2016
FirstBest Systems, Inc. develops software solutions specifically for property and casualty insurers, aiming to enhance underwriting profitability and operational efficiency. Founded in 2006 and based in Bedford, Massachusetts, the company offers a range of products designed to streamline the insurance process. Its solutions include underwriting workstations, agent portals, and business systems such as FirstBest UMS, which integrates underwriting and agent functionalities, and FirstBest Agent, a portal for managing new business and renewals. Additionally, FirstBest provides the Front Office Suite, which fosters collaboration among agents, brokers, and underwriters by incorporating business rules and predictive analytics. In 2019, FirstBest became part of Guidewire Software, further extending its reach and capabilities within the insurance industry.
EagleEye Analytics
Acquisition in 2016
EagleEye Analytics, Inc. specializes in predictive analytics software and consulting services tailored for the property and casualty insurance sector in the United States, Canada, and internationally. Founded in 2007 and based in Columbia, South Carolina, the company offers a range of products, including Talon Analysis Studio, a software-as-a-service platform for model building and data analysis, and Talon Management Studio, which allows non-technical staff to interpret and manage analytical results. Additionally, EagleEye provides real-time scoring services and solutions for pricing, underwriting, claims analytics, and marketing. The company serves a diverse clientele, including leading insurance carriers in North America, and has expanded its presence to Europe, Oceania, and Asia through pilot projects. EagleEye Analytics maintains strategic alliances with notable firms in the industry, enhancing its service offerings and market reach.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.