Guidewire expands AI capabilities for large insurance carriers

Guidewire has expanded its AI and analytics capabilities by bringing on engineers, data scientists, and federated machine learning technology from Integrate.ai to accelerate the delivery of Guidewire Intel to large property and casualty insurers.

According to Guidewire, the move will enable Tier 1 and Tier 2 carriers to build predictive models using aggregated industry insights while keeping their proprietary data private and localized through federated machine learning techniques.

The company says the enhanced Guidewire Intel offering is designed to address several challenges facing large insurers, including gaps in state-level and specialty data, limited visibility into broader market trends, and the difficulty of modeling low-frequency, high-severity insurance events using only internal datasets.