Guidewire, the leading US insurance platform provider, maintains an extensive network of the insurance world's biggest players. As part of the Insurtech Vanguard, Albany Group’s Conect™ platform will be brought to a new global audience, who can benefit from the transformational solutions it provides.
As a highly regulated industry, reporting requirements in the insurance sector are rigorous, time-consuming, and costly. Insurtech solutions like Conect™ streamline this process, offering insurers a tailored, unified overview of their entire supply chain- driving gains in efficiency, accuracy, and cost.
Quick access to accurate data is fast becoming a competitive necessity in insurance, and not just for regulatory requirements. Comprehensive access to data gives insurers the tools they need to understand where and how their processes can be optimised, and can provide the building blocks for the custom, data-driven solutions increasingly demanded by suppliers and consumers alike.
Laura Drabik, chief evangelist, Guidewire said: “We are delighted to welcome Albany Group to our Insurtech Vanguards program. We are witnessing an explosion of insurtech innovation globally, and we’re proud to elevate firms operating on the domestic and international fronts. Giving our clients access to Albany Group’s Conect™ platform expands our value proposition and provides yet another option for firms looking for the perfect insurtech solution for their individual needs.”
Stewart Griffiths, CEO and co-founder of Albany Group said: “We have long respected Guidewire’s leading role in the global insurance technology market, so it’s a proud moment to be named as part of their Insurtech Vanguard initiative. This will help us access the international insurance firms most in need of the services we provide, and will enable us to continue improving our offering, further simplifying regulatory compliance and driving cost, efficiency, and accuracy gains.”