(Image source: Hubio website.)
Guidewire reports the debut of a Hubio regul8 for PolicyCenter Ready for Guidewire accelerator, which the vendor asserts makes it easier for an insurance company using Guidewire PolicyCenter to avoid the costs, time and challenges involved with building a custom solution to meet the data filing requirements of Canadian regulators. The regul8 accelerator helps to ensure accurate and complete data is provided for all regulatory reporting, according to the vendor. Data from policy transactions is extracted from Guidewire PolicyCenter and when combined with Hubio’s regul8 is automatically formatted to meet regulatory requirements, the vendor says.
“Regulatory reporting is important in any new core system replacement, and is often a complex, time-consuming process,” comments Phil Henville, CEO, Hubio. “The addition of the regul8 for PolicyCenter accelerator to the Guidewire Marketplace will benefit our mutual customers, making a pre-built solution available to ensure regulatory requirements are addressed cost-effectively, reliably and accurately.”
Guidewire reports that Hubio’s regul8 for PolicyCenter Ready for Guidewire accelerator supports insurers by:
- Automating the extraction of full policy lifecycle data from PolicyCenter and formatting it to meet regulatory requirements;
- Ensuring data is accurate and complete and improving submission quality; and
- Allowing business users to oversee regulatory submissions.
The vendor says this first integration accelerator from Hubio has successfully completed the Ready for Guidewire validation process and is eligible to use the Ready for Guidewire mark, which signifies that the accelerator has been through a rigorous review process that supports readiness for integration with Guidewire InsuranceSuite products.
“Hubio’s regul8 for PolicyCenter accelerator gives insurers access to a software solution that helps them meet their regulatory reporting needs,” comments Neil Betteridge, VP, Strategy, Guidewire Software. “We are pleased to welcome Hubio as a PartnerConnect Solution partner and to provide Ready for Guidewire designation for the regul8 for PolicyCenter accelerator.”