Guidewire’s New Insurtech Vanguards Program Identifies ‘Hot’ Startups

The program seeks to connect insurers to the most innovative up-and-coming P&C-focused InsurTechs, such as inaugural members Attestiv, MākuSafe, Roost, Zensurance, and Zesty.ai.

(Image source: Promotional video at Insurtechs Vanguards homepage.)

Guidewire Software (San Mateo, Calif.) has announced the launch of Insurtech Vanguards, a  program dedicated to identifying and promoting InsurTech companies of interest to the property/casualty industry. Guidewire is active in the InsurTech community as an investor and through its PartnerConnect Solution program, which offers curated access to a wide selection InsurTech and more established third- party partner solutions on Guidewire Marketplace.

Guidewire characterizes the Insurtech Vanguards program as boosting an existing commitment to connect insurers with the latest innovations. The Insurtech Vanguards program takes this effort to the next level by offering a channel for connecting insurers and InsurTechs. The program has launched at a time of increased investment in InsurTech, with a record $7.1 billion invested during 2020, representing a 20 percent increase over 2019.

Laura Drabik, Chief Evangelist, Guidewire.

Guidewire says Insurtech Vanguards will highlight innovative InsurTechs bringing novel approaches to insurance, introducing these pioneering companies and the value propositions they bring to Guidewire’s existing community of insurance customers.

“Guidewire’s experience with InsurTechs, who are changing the way the P&C industry conducts business in today’s world, is significant,” comments Laura Drabik, chief evangelist, Guidewire. “As evidenced by our valued ecosystem of PartnerConnect insurtech Solution partners, we have made it a priority to scout out, identify, and curate those InsurTechs that are the most innovative in our industry and most relevant to our community. Our Insurtech Vanguard program will continue to identify these hot, up-and-coming companies across the globe, so that our customers have easy access to the most innovative companies in the world without needing to do the leg work themselves.”

Guidewire lists the following members of the inaugural group of Insurtech Vanguard members:

Attestiv assures the authenticity of digital media captured by any person or device utilizing artificial intelligence and blockchain technology.

MākuSafe offers a safety, data and analytics solution using wearables aimed at improving worker health, safety, and productivity while reducing incidents and mitigating workplace hazards and risk exposures.

Roost is a technology company focused on disrupting the traditional property insurance model through their “Property Telematics” suite of solutions providing peace-of-mind to property owners and rich data to insurers.

Zensurance is an innovative, Canadian-based InsurTech changing how small businesses, startups, and entrepreneurs across a broad range of industries in nine provinces purchase insurance.

Zesty.ai offers insurers and real estate companies access to precise intelligence about every property in North America. The company uses AI to provide unique property insights and account for details impacting a property’s risk, including natural disasters like wildfire.

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Anthony R. O’Donnell // Anthony O'Donnell is Executive Editor of Insurance Innovation Reporter. For nearly two decades, he has been an observer and commentator on the use of information technology in the insurance industry, following industry trends and writing about the use of IT across all sectors of the insurance industry. He can be reached at AnthODonnell@IIReporter.com or (503) 936-2803.

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