Guidewire Software, Inc. Announces That Insurepay’S New Ready for Guidewire Validated Accelerator Is Now Available to Policycenter Users in the Guidewire Marketplace
September 16, 2021 at 08:55 am EDT
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Guidewire Software, Inc. announced that Insurepay’s new Ready for Guidewire validated accelerator is now available to PolicyCenter users in the Guidewire Marketplace. The cloud-based Insurepay platform uses real-time payroll data to calculate, collect, and remit workers’ compensation insurance premiums for each pay cycle. Because premiums are calculated using exact payroll wages instead of estimates with Insurepay, businesses can make more accurate premium payments each pay cycle, leading to improved cash flow and reduced audit surprises. With more accurate payments, insurers can see reduced operational costs associated with billing and collections and more predictable financial reporting. Insurepay has a partner network comprised of over 1,500 payroll providers to ensure easy integration and usage for policyholders, enhancing policyholder satisfaction and retention. Insurepay’s pay-as-you-go billing integration enables insurers to: Quickly enroll a workers’ compensation policyholder in pay-as-you-go billing with the click of a button; Increase data and information transparency through Insurepay’s customizable portals for carriers, policyholders, payroll partners, and agents; and Boost agent and policyholder satisfaction by offering a competitive, convenient billing option.
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.
Guidewire Software, Inc. Announces That Insurepay’S New Ready for Guidewire Validated Accelerator Is Now Available to Policycenter Users in the Guidewire Marketplace