Reduce and Manage Risk with New Guidewire Marketplace App from Risk Control Technologies
January 11, 2022 at 08:30 am EST
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Guidewire and Risk Control Technologies 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.
Guidewire Software, Inc. delivers a platform that property and casualty insurers trust to engage, innovate and grow efficiently. Its platform combines core operations, digital engagement, analytics, and artificial intelligence applications delivered as a cloud service or self-managed software. Its core operational services and products include InsuranceSuite Cloud, InsuranceNow, and InsuranceSuite for self-managed installations. Its InsuranceSuite Cloud is a configurable and scalable product, delivered as a service and primarily comprised of three core applications, such as PolicyCenter Cloud, BillingCenter Cloud, and ClaimCenter Cloud. Its InsuranceNow is a cloud-based application that offers policy, billing, and claims management functionality to insurers. InsuranceSuite Cloud is hosted on Amazon Web Services and managed by its internal cloud operations team. Its Data Platform collects data from InsuranceSuite Cloud and InsuranceNow, as well as other internal and external sources.