The latest update from Guidewire;
nettle, an innovative AI-powered risk assessment and report generation solution for commercial insurers, has announced that the company has joined Guidewire’s Insurtech Vanguards program, an initiative led by property and casualty (P&C) cloud platform provider, Guidewire (NYSE: GWRE), to help insurers learn about the newest insurtechs and how to best leverage them.
“We’re excited to partner with Guidewire and join the Insurtech Vanguards program. At nettle, our mission is to modernise risk assessment. Already, commercial insurers using nettle’s AI tooling are seeing up to five times gains in productivity. With as many as 40% of risk engineers set to retire within the next 5 years, Guidewire’s P&C ecosystem expands access to nettle precisely when the industry needs it most,” said Jack Miller, co-founder and CEO of nettle
Insurtech Vanguards is a community of select start-ups and technology providers that are bringing novel solutions to the P&C industry. As part of the program, Guidewire provides strategic guidance to and advocates for the participating insurtechs, while connecting them with Guidewire’s P&C customers.
“nettle exemplifies the next wave of insurtech innovation. Their use of AI to eliminate bottlenecks in risk assessment is not only timely – it’s transformational. We’re excited to welcome them to the Insurtech Vanguard program,” said Laura Drabik, Chief Evangelist of Guidewire.
nettle allows risk engineering and underwriting teams to:
● Instantly enrich client data from underwriting systems with tailored insights from NatCat, web, standards, loss history, and more
● Analyse images, voice notes, and documents collected on-site via an intuitive mobile app
● Automatically complete inspection surveys, risk scoring, and recommendations using nettle’s bespoke AI, generating comprehensive risk reports in one click
● Analyse risk reports in any language and format to extract key insights in seconds
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