A NATIONAL UNDERWRITER COMPANY
Search
 
News

Who’s using what in P&C insurance: Oct. 9, 2017

Technology news from Guidewire Software, Cyence, MetLife Auto & Home, Hearsay Systems, Microsoft, Allianz, Accenture, Duck Creek and more.

X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
"By infusing digital into everything we do, we are transforming the customer experience," Marty Lippert, executive vice president and head of technology and operations for MetLife, said in a press release about the MetLife Auto & Home deployment of Guidewire’s InsurancePlatform™. (Photo: iStock)

Guidewire Software, Inc. has entered into a definitive agreement to acquire Cyence, a software company that applies data science and risk analytics to enable P&C insurers to grow by underwriting “21st century risks” that have gone underinsured or uninsured. These emerging risks include cyber, reputation, and new forms of business interruption risk. “As traditional actuarial approaches struggle to address the unique characteristics of emerging risks like cyber, Cyence’s next-generation approach will enable insurers to broaden the scope and value of the products their policyholders need,” , Guidewire Software CEO and Co-Founder Marcus Ryu said in a press release.

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.