(Innsbruck, Austria. Image credit: Ikiwaner/Wikipedia.)
Earlier this week at Guidewire’s (San Mateo, Calif.) annual user group conference Connections, held this year at Gaylord Opryland in Nashville, the vendor announced Innsbruck, its latest cloud release, which the vendor says helps insurers take advantage of market opportunities with advancements in customized digital experiences, risk insights, and claims automation. Guidewire reports that the Innsbruck release will be generally available on Dec. 1.
With this release, Guidewire boasts a record number of new functional capabilities that will become generally available, including Jutro Digital Platform (Jutro) which empowers insurers to build digital experiences for any user across any line of business or distribution channel. Predict adds Analytics Manager to embed
insights into underwriting and claims processes with codeless configuration. Underwriters can quickly and
accurately assess risk for Canadian properties with HazardHub. Autopilot Workflow Service automates
business processes across the P&C insurance lifecycle, with an initial focus on optimizing claims workflows. Data Studio accelerates time-to-value for business insights and analytics by making it easy to define curated operational datasets from InsuranceSuite core data. Predict now includes Tune, a framework for actuaries to evaluate pricing strategies for maximizing growth and profitability, which can be used by Early Access customers when Innsbruck becomes generally available.
InsuranceNow Update Automation enables insurers to update to the latest Guidewire Cloud release in weeks, not months, leveraging automated functional testing and delivery of new environments. New products for InsuranceNow GO enable insurers to launch a full commercial package policy up to 50 percent faster than building new products from scratch, Guidewire says.