Toronto, ON (Jan. 18, 2022) – Guidewire and Risk Control Technologies (RCT) announced that RCT’s new Ready for Guidewire validated accelerator for PolicyCenter is now available to users in the Guidewire Marketplace.
RCT provides an end-to-end loss control platform to help insurers maximize claims reduction, increase customer retention, and harness data insights for better decision making. RCT creates workflow automation throughout the loss control process and enables new methods of loss control touchpoints, allowing insurers to maximize the number of insureds serviced.
Built on a “Predict & Prevent” strategy, RCT enables targeted account selection and determines the optimal way to service each account based on its risk profile. Insurers can utilize RCT’s advanced risk scoring, analytics, and business intelligence suite to improve understanding of risks and enhance decision making.
With RCT’s PolicyCenter app, insurers can:
- Synchronize information from Guidewire PolicyCenter to RCT as changes happen, ensuring their loss control team always has the most up-to-date policy/claim information;
- Leverage RCT’s advanced business rules and automation engines to analyze the synchronized policies, automatically initiate surveys, and service activities based on the risk profile; and
- Reduce IT effort and cost associated with a custom API integration project.
“Loss control is everyone’s business,” said David Da Costa, chief executive officer, RCT. “This partnership between Guidewire and RCT allows critical loss prevention practices to be shared throughout the organization to enhance customer relationships, streamline operations, and mitigate risk.”
“We congratulate RCT on the publication of its loss prevention app for PolicyCenter,” said Becky Mattick, vice president, Global Solution Alliances, Guidewire Software. “This app enables automatic synchronization of customer portfolios between RCT and Guidewire, helping to create a consistent experience between underwriting, claims, and loss control for our shared customers.”
About Risk Control Technologies
Risk Control Technologies Inc. provides insurance carriers a unique combination of high tech loss control software and industry expertise. This powerful combination allows teams to achieve their overall risk management objectives through the use of technology and industry best practices. Today, Risk Control Technologies’ community of loss control leaders includes some of the most progressive loss control carriers in the world. For more information, visit riskcontroltech.com.
About Guidewire PartnerConnect ecosystem and Ready for Guidewire
Guidewire PartnerConnect Solution partners provide software, technology, and data solutions as well as insurance support services. Our Solution partners help drive business value and innovation for insurers by developing and delivering integrations, extensions, apps, and other complementary solutions for Guidewire products. All of our Ready for Guidewire partner solutions are validated for security, quality, and compatibility with Guidewire, and can be found on the Guidewire Marketplace.
For more information about Guidewire PartnerConnect, please visit www.guidewire.com/partners.
Guidewire (NYSE: GWRE) is the platform P&C insurers trust to engage, innovate, and grow efficiently. We combine digital, core, analytics, and AI to deliver our platform as a cloud service. More than 450 insurers, from new ventures to the largest and most complex in the world, run on Guidewire. As a partner to our customers, we continually evolve to enable their success. We are proud of our unparalleled implementation track record, with 1,000+ successful projects, supported by the largest R&D team and partner ecosystem in the industry. Our marketplace provides hundreds of applications that accelerate integration, localization, and innovation. For more information, please visit www.guidewire.com.
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Source: Guidewire Software, Inc.Tags: accelerator, automation, Cloud, core systems, Core Systems Modernization, Guidewire, Modern Core Technologies, Risk Control Technologies