Validus delivers Ready for Guidewire accelerator to help UK general insurers simplify the motor insurance claims process for all involved parties
Validus-IVC Ltd (“Validus”), a claims management and analysis services provider to motor insurers, and Guidewire Software, Inc. (NYSE: GWRE), a provider of software products to general insurers, today announced that Validus has joined Guidewire PartnerConnect™ as a Solution Partner. The companies also announced Validus’ participation in the Ready for Guidewire accelerator programme and that it is eligible to use the Ready for Guidewire validation mark. This mark indicates that the accelerator has been through an exacting review process to support its readiness for integration with Guidewire InsuranceSuite™ products.
Validus operates entirely within a niche area of third party motor claims. It is the only cloud-based portal currently that automates the analysis and settlement process relating to repair and mobility claims. The Validus verify™ Guidewire Accelerator enables claims that have been captured in Guidewire ClaimCenter® to be shared between involved parties, tracked and managed through the verify™ portal.
“We see Guidewire as a key partner for our business,” said Mike Srokowski, Chief Executive Officer, Validus. “For our mutual customers, there are clear synergies in the way our respective technology sets are able to engage with the motor insurance claims process and enhance the way it functions, efficiently and cost-effectively.”
The verify™ Guidewire Accelerator helps insurers by:
- Securely sharing claims data between involved parties;
- Automating the rules-based analysis and agreement process between parties; allowing the liable insurer to arrange payment seamlessly and efficiently; and
- Reducing significantly the need for phone calls, letters and emails.
“We are pleased to welcome Validus to the Guidewire PartnerConnect Solution program,” said Becky Mattick, director, Global Solution Alliances, Guidewire Software. “We look forward to deepening our relationship with them in helping our customers achieve end-to-end process efficiency and improve the levels of service they are able to offer their policyholders.”