Guidewire News

Claims Startup Betterview Attracts $7.5M in Financing Round From Guidewire, Others

Startup Betterview raised $7.5 million in new funding to fuel expansion of its artificial intelligence technology that helps property/casualty insurance carriers spot and manage property risk. ManchesterStory led the round, which brings the insurtech’s total venture capital tally to $17 …

Business News: Tristar, George Hills, RiskStream Collaborative, Verisk

Tristar Buys RMS Tristar Insurance Group, a privately owned third-party claims administrator based in Long Beach, Calif., has agreed to purchase Aspen Risk Management Group. Aspen, located in San Diego, provides remote ergonomics, online service platforms, and consulting services to …

Business News: CLM, Davies and ASC, Friss and Guidewire

CLM Launches Universal Claim Certification The CLM, formerly known as the Claims and Litigation Management Alliance, has launched a universal claims certification that allows claims adjusters to secure licenses in six states. CLM said licensed adjusters must simply register for …

Business News: Greenlight Re, Ontellus, Munich Re

Greenlight Re Invests in Handdii Greenlight Re Innovations, a specialist property and casualty reinsurance company headquartered in the Cayman Islands, has investment in Handdii Pty Ltd., a property insurance claims fulfillment platform. Handdii, an insurtech based in Melbourne, Australia, provides …

P/C Insurer Software Provider Guidewire to Acquire Data Science Firm Cyence

Guidewire Software Inc., a provider of core operations software to property/casualty insurers, has agreed to acquire Cyence, a data science and risk analytics software company. Guidewire will pay approximately $275 million in cash and stock. Cyence applies data science and …

Business News: Guidewire, Verisk, HomeCare Connect

Guidewire Completes Acquisition of ISCS Guidewire Software, Inc., a provider of software to the Property & Casualty (P&C) insurance industry, announced it has completed the acquisition of ISCS. The company also announced the immediate availability of Guidewire InsuranceNow, a cloud-based, …

Business News: Next Insurance, QBE, Origami Risk, Guidewire

Next Insurance and Munich Re Announce Partnership Next Insurance announced its partnership with Munich Re to launch a product targeting commercial photographers, who will be able to buy, renew and maintain policies online. According to a 2016 report by McKinsey …

Business Moves: Coverys, Worley, Guidewire

Coverys Acquires MRM Group Coverys announced its acquisition of MRM Group, LLC, a patient safety and risk management solutions company based in Hartford, Conn. The transaction was finalized on July 29, 2016. MRM Group, formed in 2003, offers a broad …

Business Moves

Restore Rehabilitation Rolls Out National Telephonic Case Management for Workers’ Compensation Maryland-based Restore Rehabilitation launched a national telephonic case management service for workers’ compensation payers. Restore is a medical and vocational case management company focused on reducing the impact of …

Guidewire, Mitchell Partner to Deliver Integrated Claims Workflow

Mitchell andGuidewire Software, Inc. announced their strategic alliance to co-develop an advanced level of integration between Guidewire’s core claims management system and Mitchell’s expert adjusting and workflow solutions in North America. The resulting unified claims environment will help insurers optimize …