This Insurance Platform Helps Decision-Makers Leverage Big Data
Rahul Kalvapalle — November 5, 2021 — Tech
References: guidewire & insurancebusinessmag
Guidewire, a company that offers innovative products to service the insurance industry, has launched a forward-thinking insurance platform that is designed to help insurance establishments and professionals leverage the power of big data, analytics and real-time insights in order to make prudent and profitable decisions and policies.
The 'Guidewire Live' analytics platform offers a vast array of features that include data visualizations, property-focused risk analysis, globalized tools and options to develop open-source analytical systems. From actuarial scientists and risk managers to underwriters and claims assessors, professionals across the insurance industry landscape will find use for tools that help them better understand the present to set their companies up for the future.
Considering how much importance the insurance industry places on being able to understand current market and economic factors, the 'Guidewire Live' insurance platform should be welcomed by an industry that values speed, accuracy and sharp decision-making.
Image Credit: Guidewire
The 'Guidewire Live' analytics platform offers a vast array of features that include data visualizations, property-focused risk analysis, globalized tools and options to develop open-source analytical systems. From actuarial scientists and risk managers to underwriters and claims assessors, professionals across the insurance industry landscape will find use for tools that help them better understand the present to set their companies up for the future.
Considering how much importance the insurance industry places on being able to understand current market and economic factors, the 'Guidewire Live' insurance platform should be welcomed by an industry that values speed, accuracy and sharp decision-making.
Image Credit: Guidewire
Trend Themes
1. Big Data in Insurance Industry - Guidewire Live is a platform that helps insurance professionals leverage big data, analytics, and real-time insights, creating opportunities for other companies to incorporate such technology in their own systems.
2. Visualization in Insurance Industry - Guidewire Live' platform offers data visualization functions, which could pave the way for more companies to develop advanced visualization tools for the insurance industry.
3. Open-source Analytics in Insurance Industry - Guidewire Live's platform offers open-source analytical systems, which could inspire other companies to offer open-source platforms for insurance industry professionals.
Industry Implications
1. Insurance Industry - Guidewire Live's platform is aimed at the insurance industry, creating new possibilities for this sector to incorporate big data and analytics into their decision-making processes.
2. Technology Industry - The development of the 'Guidewire Live' platform creates new business opportunities for companies that can develop technological solutions tailored to the insurance industry.
3. Data Visualization Industry - Guidewire Live's platform includes data visualization tools, meaning that there are opportunities for companies to create more advanced visualization solutions for the insurance industry.
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