Guidewire (GWRE) MarketPlace Now Includes Allied Universal App

Guidewire Software GWRE recently announced that Allied Universal Compliance and Investigations’ new PartnerLink add-on app for Guidewire ClaimCenter is now available in the Guidewire Marketplace.

Allied Universal is the global leader in insurance claims investigations. For more than three decades, the organization has been committed to insurance risk and fraud. It provides comprehensive insurance claim solutions that provide necessary information to quickly fast-track claims resulting in faster closure and further investigation of suspicious claims. Its clients rely on its industry-leading investigations for timely access to vital data. It customizes services to meet insurer needs across all major lines of coverage — property, casualty, workers' compensation, and auto/general liability, and more.

Benefits of the PartnerLink Add-on App

Per Coalition Against Insurance Fraud, insurance fraud results in the loss of billions of dollars every year. To overcome insurance fraud, Allied Universal collaborates with insurers and third-party administrators to reduce the duration of claim investigations, enabling them to close claims faster.
 
Amid this scenario, Allied Universal’s new Ready for Guidewire PartnerLink add-on app for ClaimCenter creates a streamlined investigation process. Users can instantly access critical claim information and automatically generate referrals without toggling between multiple applications through the app. This results in improved data accuracy and decreased cycle time spent on closing claims.

From referral initiation to the final report and invoice creation, all activities take place in Guidewire ClaimCenter, saving claim handlers significant time and allowing them to focus on resolving claims. Claim handlers order investigations directly within ClaimCenter and all assignment details are documented inside ClaimCenter.
 
PartnerLink also integrates encrypted information within ClaimCenter, enabling clients to assemble, analyze and act on investigation data to improve business outcomes and create real-time dashboards. Thus, the integration with Guidewire saves time and optimizes efficiency.

Further, with the help of the PartnerLink app for claim investigations, claim handlers can instantly auto-populate data within ClaimCenter and identify claims to fast-track, receive automated status updates, and directly receive and review investigative reports.

Guidewire is highly optimistic about the availability of the PartnerLink app within the Guidewire Marketplace. This solution will transform the investigation process, providing access with a single click. It will also empower insurers to quickly and effectively manage investigations and resolve claims.

San Mateo, CA-based Guidewire is a leading software solutions provider for P&C insurers. With digital transformation becoming the new normal in the insurance industry, the firm’s cloud-based subscription products are witnessing traction. Guidewire is benefiting from the robust adoption of the InsuranceSuite Cloud platform as insurers are increasingly looking for the digitalization of their business processes. Moreover, a less competitive market and regular customer additions are tailwinds.

As a cloud-based solution provider, GWRE provides enhanced flexibility and configurability to adapt to the changing market needs and customer expectations. The company offers omnichannel service across the entire insurance lifecycle, creates personalized customer journeys in record time and supports instant digital experiences.

Recently, Guidewire announced that it is one of the founding members of the Critical Software as a Service (SaaS) Special Interest Group (CSaaS SIG) launched by the IT-ISAC (Information Technology – Information Sharing and Analysis Center). GWRE’s involvement in this initiative will help it advance security and operational resiliency for its insurance customers in a coordinated manner with other CSaaS vendors. This will foster deeper levels of customer trust and greater strength across the insurance sector.

Guidewire currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Shares of GWRE have declined 13.7% against the industry’s growth of 11.3% in the past year.

Image Source: Zacks Investment Research

Key Picks

Some better-ranked stocks from the broader technology space include Bel Fuse BELFB, American Software AMSWA and Iridium Communications IRDM. While Bel Fuse sports a Zacks Rank of 1, American Software and Iridium carry a Zacks Rank #2 (Buy).

Bel Fuse has a projected earnings growth rate of 3.65% for 2023. The Zacks Consensus Estimate for Bel Fuse’s 2023 earnings has remained unchanged in the past 30 days.

Bel Fuse’s first-quarter 2022 earnings per share are estimated at 22 cents, suggesting year-over-year growth of 195.65%. Shares of BELFB have dropped 15.4% in the past year.

American Software has a projected earnings growth rate of 24.24% for fiscal 2022. The Zacks Consensus Estimate for American Software’s fiscal 2022 earnings has been revised upward by 4 cents in the past 60 days.

American Software’s earnings beat the Zacks Consensus Estimate in the last four quarters, the average surprise being 92.14%. Shares of AMSWA have declined 7.4% in the past year.

Iridium has a projected earnings growth rate of 157.14% for 2022. The Zacks Consensus Estimate for Iridium’s 2022 earnings has been revised upward by 2 cents in the past 60 days.

Iridium’s earnings beat the Zacks Consensus Estimate in two of the last four quarters and met the same twice, the average surprise being 39.4%. Shares of IRDM have dropped 2.1% in the past year.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.