Hubio publishes its first Ready for Guidewire accelerator to help Canadian insurers fulfill regulatory requirements
TORONTO and FOSTER CITY, Calif., November 6, 2017
Guidewire Software (NYSE: GWRE), a provider of software products to Property and Casualty (P&C) insurers, today announced that Hubio, a provider of technology solutions for P&C insurers, has joined the Guidewire PartnerConnect™ program as a Solution member.
A newly available Hubio regul8 for PolicyCenter Ready for Guidewire accelerator makes it easier for an insurance company using Guidewire PolicyCenter® to avoid the costs, time and challenges involved with building a custom solution to meet the data filing requirements of Canadian regulators. The regul8 accelerator helps to ensure accurate and complete data is provided for all regulatory reporting. Data from policy transactions is extracted from Guidewire PolicyCenter® and when combined with Hubio’s regul8 is automatically formatted to meet regulatory requirements.
“Regulatory reporting is important in any new core system replacement, and is often a complex, time-consuming process,” said Phil Henville, CEO, Hubio Exchange. “The addition of the regul8 for PolicyCenter accelerator to the Guidewire Marketplace will benefit our mutual customers, making a pre-built solution available to ensure regulatory requirements are addressed cost-effectively, reliably and accurately.”
Hubio’s regul8 for PolicyCenter Ready for Guidewire accelerator supports insurers by:
- Automating the extraction of full policy lifecycle data from PolicyCenter and formatting it to meet regulatory requirements;
- Ensuring data is accurate and complete and improving submission quality; and
- Allowing business users to oversee regulatory submissions.
This first integration accelerator from Hubio has successfully completed the Ready for Guidewire validation process and is eligible to use the Ready for Guidewire mark. This mark designates that the accelerator has been through a rigorous review process that supports readiness for integration with Guidewire InsuranceSuite™ products.
“Hubio’s regul8 for PolicyCenter accelerator gives insurers access to a software solution that helps them meet their regulatory reporting needs,” said Neil Betteridge, vice president, Strategy, Guidewire Software. “We are pleased to welcome Hubio as a PartnerConnect Solution partner and to provide Ready for Guidewire designation for the regul8 for PolicyCenter accelerator.”
About Hubio Exchange
Hubio digital solutions connect P&C insurers to the outside world, communicating with brokers, policy holders, and third parties through technology to drive growth, reduce costs and pursue improved customer interaction. Hubio has provided industry leading solutions to Canadian insurers for over 15 years. For more information, please visit: www.hubio.com/exchange
About Guidewire PartnerConnect and Ready for Guidewire
Guidewire PartnerConnect™ is a global network of select companies that provide consulting services and solutions to enhance, extend, and complement the capabilities of Guidewire products. Our worldwide community helps contribute to the success of our mutual customers in the P&C insurance industry by delivering Guidewire software implementations, value-add solution and technology offerings, and guidance on insurance industry best practices.
Ready for Guidewire accelerators developed by PartnerConnect Solution members have been rigorously reviewed by Guidewire, adhere to Guidewire software design principles, and meet established criteria. The accelerators are published on Guidewire Marketplace and are available for download by Guidewire customers at no charge.
Guidewire PartnerConnect is an invitation-only program. For more information about Guidewire PartnerConnect please visit www.guidewire.com/partners/.
About Guidewire Software
Guidewire delivers the software that Property and Casualty (P&C) insurers need to adapt and succeed in a time of rapid industry change. We combine three elements – core operations, data and analytics, and digital engagement – into a technology platform that enhances insurers’ ability to engage and empower their customers and employees. More than 300 P&C insurers around the world have selected Guidewire. For more information, please visit www.guidewire.com. Follow us on twitter: @Guidewire_PandC.