Guidewire’s Insurtech Vanguards Program Reaches Growth Milestone, Connecting 25 New P&C Industry Insurtechs with Insurers
Guidewire today announced that its Insurtech Vanguards program, an initiative providing a channel for connecting P&C insurers with technology innovators, has reached a significant milestone in its growth and primary objective to scout and incubate the next generation of insurance technology providers.
Since the program’s launch roughly six months ago, 25 startups are now members offering digital solutions to insurers, ranging from claim inspection imaging and reporting to artificial intelligence (AI) and data analysis for fraud detection, and rapid compliance testing.
“We are thrilled to champion the trailblazers in Guidewire’s Insurtech Vanguard program, which closely monitors the P&C industry and the needs of today’s insurers worldwide to work faster and more effectively,” said Laura Drabik, chief evangelist, Guidewire. “Through purpose-built technology solutions, these insurtechs are making their customers’ jobs easier and businesses more efficient.”
Launched in October 2021, Guidewire’s Insurtech Vanguards is a community of select startups and technology providers bringing transformative solutions to the P&C industry and making innovation more accessible. As part of the program, Guidewire provides strategic guidance to and advocates for the participating insurtechs while connecting them with Guidewire’s P&C customers.
According to CB Insights, worldwide investment in insurtechs grew from $7.6 billion in 2019 to $15.4 billion in 2021. As an investor in the insurtech market space and through its PartnerConnect Solution program, Guidewire has long supported disruptive new technologies by offering curated access to a host of insurtechs and more established third-party partner solutions with its Guidewire Marketplace.