Albany Group, a London-based automated risk, compliance, and regulation software specialist, today announced the company has been named as the latest member of Guidewire’s Insurtech Vanguards program. This program is led by Property and Casualty (P&C) cloud platform provider Guidewire (NYSE: GWRE), to help insurers leverage the most innovative insurtech in the insurance industry.
The announcement connects Guidewire’s global network of insurance clients with Albany Group’s Conect™️ platform. The Conect™️ platform allows them to manage and organise the regulatory, compliance, contractual, and professional needs of any extensive insurance supply chain, whilst reducing risks, costs, and errors.
Guidewire’s Insurtech Vanguards program strives to help insurers learn about the hottest new insurtechs around the world. Saving insurers the time of seeking these companies out on their own, Guidewire endeavours to curate companies with relevant and innovative solutions to help speed the process and bring value to its customers. As part of the program, Guidewire provides strategic guidance to and advocates for the participating insurtechs.
Traditionally highly regulated, global reporting requirements in the insurance industry are often rigorous, time-consuming, and costly. Insurtech firms are streamlining these and other processes, generating cost, time, and efficiency gains for clients. Guidewire’s Insurtech Vanguards program curates, incubates, and elevates the best of these firms, connecting their global network of clients with innovative insurtechs who can drive efficiency and value for them.
Laura Drabik, chief evangelist, Guidewire said: “We are delighted to welcome Albany Group to our Insurtech Vanguards program. We are witnessing an explosion of insurtech innovation globally, and we’re proud to elevate firms operating on the domestic and international fronts. Giving our clients access to Albany Group’s Conect™️ platform expands our value proposition and provides yet another option for firms looking for the perfect insurtech solution for their individual needs.”
Stewart Griffiths, CEO and co-founder of Albany Group said: “We have long respected Guidewire’s leading role in the global insurance technology market, so it’s a proud moment to be named to their Insurtech Vanguards program. Guidewire’s globally diverse customer base will provide us access to the companies most in need of the services we provide, and will enable us to continue improving our offering, further simplifying regulatory compliance and driving cost, efficiency, and accuracy gains.”