Nettle Enters Guidewire's Elite Vanguard Program
Three innovative companies - Pinpoint Predictive, SLVRCLD, and Albany Group - have joined Guidewire's Insurtech Vanguards program, an initiative led by property and casualty (P&C) cloud platform provider, Guidewire (NYSE: GWRE). This program connects innovative startups with Guidewire’s P&C insurer customers, providing strategic guidance and advocacy for participating insurtechs [1].
One of the newest members, nettle, is an AI-powered risk assessment and report generation solution for commercial insurers. Nettle’s technology enables insurers to instantly enrich client data, analyze onsite content via mobile, auto-complete surveys, and generate full reports with one click, thereby simplifying and accelerating complex underwriting processes [2]. Nettle's AI tooling can provide up to five times gains in productivity for commercial insurers [1].
Nettle's mission is to modernize risk assessment for commercial insurers, and its inclusion in the program signifies a commitment to cutting-edge AI solutions that improve risk assessment, accelerate decision-making, and enhance operational efficiency in commercial insurance underwriting [1][2]. Nettle's AI can analyze risk reports in any language and format to extract key insights in seconds [1]. With nettle, risk engineering and underwriting teams can enrich client data, analyze images, documents, and complete surveys automatically [1].
Another member, SLVRCLD, is a SAAS insurtech that aims to expedite and enhance the content claims process for insurers. By joining the Insurtech Vanguards program, SLVRCLD gains greater visibility, strategic guidance, and integration opportunities within a global ecosystem of insurance technology innovation [3].
Pinpoint Predictive, offering deep-learning-powered loss predictions and risk scores for Property and Casualty insurers, is another addition to the program.
The Insurtech Vanguards program is designed to help insurers learn about the newest insurtech solutions, enabling them to adapt quickly and strategically to industry shifts while addressing workforce challenges through automation and efficiency gains [1]. This collaboration advances AI-enabled transformation across commercial lines, fostering a future where underwriting is more streamlined, data-driven, and efficient [1][2].
Albany Group, a London-based automated risk, compliance, and regulation software specialist, has also joined the program. The addition of Albany Group further strengthens the Insurtech Vanguards program, providing insurers with a comprehensive suite of cutting-edge solutions to enhance their operations.
The inclusion of these innovative companies in the Insurtech Vanguards program is a significant development for the commercial insurance industry. By embracing the latest insurtech solutions, insurers can stay ahead in a rapidly evolving marketplace and provide their clients with more efficient, streamlined services.
References:
[1] Guidewire. (n.d.). Guidewire Announces New Insurtech Vanguards. Retrieved March 15, 2023, from https://www.guidewire.com/about/news/announcing-new-insurtech-vanguards
[2] nettle. (n.d.). nettle. Retrieved March 15, 2023, from https://www.getnettle.com/
[3] SLVRCLD. (n.d.). SLVRCLD Joins Guidewire's Insurtech Vanguards Program. Retrieved March 15, 2023, from https://www.slvrcld.com/news/slvrcld-joins-guidewires-insurtech-vanguards-program
[4] Albany Group. (n.d.). Albany Group Joins Guidewire's Insurtech Vanguards Program. Retrieved March 15, 2023, from https://www.albanygroup.co.uk/news/albany-group-joins-guidewires-insurtech-vanguards-program
[5] Pinpoint Predictive. (n.d.). Pinpoint Predictive Joins Guidewire's Insurtech Vanguards Program. Retrieved March 15, 2023, from https://www.pinpointpredictive.com/news/pinpoint-predictive-joins-guidewires-insurtech-vanguards-program
- The innovative AI-powered solution, Nettle, aims to enhance operational efficiency in commercial insurance underwriting by simplifying and accelerating complex underwriting processes, providing up to five times gains in productivity for insurers.
- SLVRCLD, an insurtech focused on expediting and enhancing the content claims process for insurers, joins the Insurtech Vanguards program to gain greater visibility, strategic guidance, and integration opportunities within a global ecosystem of insurance technology innovation.
- Albany Group, a London-based automated risk, compliance, and regulation software specialist, has joined the Insurtech Vanguards program, further strengthening it with their suite of cutting-edge solutions to help insurers adapt to industry shifts and address workforce challenges through automation and efficiency gains.
