SambaSafety Joins Guidewire’s PartnerConnect

The vendor has published its first Ready for Guidewire accelerator, designed to help P&C insurers more accurately price driver risk and improve underwriting performance.

(Image source: SambaSafety homepage.)

SambaSafety, a Denver-based provider of mobility risk data solutions has joined Guidewire’s (San Mateo, Calif.) PartnerConnect program as a Solution partner. The companies also announced that SambaSafety’s new Ready for Guidewire validated accelerator is now available to insurers in the Guidewire Marketplace.

Rich Lacey, EVP, Product Management, SambaSafety.

SambaSafety’s Ready for Guidewire accelerator is designed to make it easy for insurers on Guidewire PolicyCenter to access the underwriting benefits of SambaSafety PolicyWatch. According to SambaSafety, PolicyWatch offers comprehensive driver data by combining historical driving records (Baseline, Database and Vault MVRs), activity updates, and instant delivery of state MVRs. The solution is a decision engine designed to not only optimize the cost of MVR ordering at bind time, but also to enhance an insurance customer’s buying experience by enabling insurers to provide better pricing at quote through more cost-effective provision of driver data.

“Insurers continue to seek driver insights that can improve their ability to accurately price driver risk and improve underwriting performance,” comments Rich Lacey, EVP, Product Management, SambaSafety. “SambaSafety’s Ready for Guidewire accelerator provides underwriters with access to an enhanced decision engine so instead of running MVR reports on all drivers, they only need to order MVRs when violation activity is present or when activities align with their underwriting rules and rating guidelines, saving time and costs.”

Neil Betteridge, VP, Strategy, Guidewire Software.

With the SambaSafety Ready for Guidewire integration, insurers can enjoy the following benefits, according to a joint SambaSafety/Guidewire statement:

  • More accurately assess and price driver risk;
  • Align MVR orders with underwriting rules and rating guidelines through an insurer configurable rules engine;
  • Reduce and/or optimize spending on MVRs;
  • Streamline operations with an efficient underwriting report ordering and review process for driver information; and
  • Improve conversion rates on new business quoted.

“We welcome SambaSafety as our newest Guidewire PartnerConnect Solution partner,” comments Neil Betteridge, VP, Strategy, Guidewire Software. “SambaSafety’s Ready for Guidewire accelerator provides an easy integration to driver insights for use throughout the policy life cycle, and we are pleased that these capabilities are now available to our mutual insurer clients who are continually seeking ways to leverage new data sources to innovate in sales and underwriting.”

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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 [email protected] or (503) 936-2803.

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