Guidewire expanded its AI and analytics capabilities by hiring engineers, data scientists, and federated machine learning technology.
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“> Accelerating the delivery of Guidewire Intel to large property/casualty insurance companies.
According to Guidewire, this move will enable Tier 1 and Tier 2 carriers to use aggregated industry insights to build predictive models while keeping their proprietary data private and localized through integrated machine learning technology.
The company says the enhanced Guidewire Intel product is designed to address several challenges faced by large insurance companies, including gaps in state-level and specialized data, limited visibility into broader market trends, and the difficulty of modeling low-frequency, high-severity insurance events using only internal datasets.
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