Boost Loss Prevention with Chrp’s New Guidewire Marketplace App
January 17 2024 - 7:55AM
Business Wire
Guidewire (NYSE: GWRE) and Chrp Technologies (Chrp) announced
that Chrp’s new Ready for Guidewire validated accelerator is now
available to PolicyCenter users in the Guidewire Marketplace.
Chrp specializes in inspection-based loss prevention for
insurers. Its proprietary technology guides homeowners through a
simple four-point virtual home inspection and uses artificial
intelligence (AI) to analyze the home, identifying potential
hazards. The resulting data is used to provide bespoke actionable
insights to insurers based on their underwriting guidelines,
allowing them to underwrite quickly and accurately. It also enables
homeowners to fix any potential hazards, reducing the likelihood of
a claim.
With Chrp’s Loss Prevention Accelerator, insurers can:
- Quickly order Chrp inspections directly from PolicyCenter;
- Automatically pre-fill relevant policy data for the homeowner,
saving them time and boosting satisfaction;
- Easily review and store completed inspection data in
PolicyCenter; and
- Improve loss ratios and underwriting efficiency.
Chrp’s inspection reviews over 200 known failure points both
inside and outside homes, catching hazards before they become
expensive claims. The platform’s end-to-end workflow automates all
communications and notifications between the insurer,
policyholders, and agents.
“Our technology uses AI to identify the condition of a home with
a very high rate of accuracy, reducing home inspection costs and
preventing countless property claims,” said Chin Ma, President,
Chrp. “Combining Chrp and Guidewire gives our shared customers a
one-stop-shop for all things loss prevention.”
“Congratulations to Chrp on the release of its new PolicyCenter
app,” said Will Murphy, Vice President, Global Technology
Alliances, Guidewire. “Chrp’s technology is powerful because it
benefits both insurers and homeowners, reducing risk for both
parties. Additionally, homeowners are empowered to protect the
value of their home using Chrp, helping insurers to build better
relationships with them and increasing policyholder
satisfaction.”
About Chrp Technologies
Founded in 2020 by Micah Kalisch and Chin Ma, Chrp is an
insurance technology company (‘InsurTech’) that drives loss
prevention for homeowner’s insurance companies.
Chrp built an AI-enabled technology platform, infused with home
insurance and construction expertise, to help the insurance
industry save billions and build better relationships with their
customers.
Like telematics automotive insurance, loss prevention has
dramatically reduced claims and improved customer experience. More
importantly, it made drivers safer.
Chrp will do for home insurance what telematics did for
automotive insurance: help homeowners and residential home
insurance companies build better partnerships through healthier
homes.
About Guidewire PartnerConnect ecosystem and Ready for
Guidewire
Guidewire’s solution ecosystem is the largest in the P&C
industry, with over 185 solution partners providing over 215
integrations in the Guidewire Marketplace. Guidewire PartnerConnect
Solution partners provide software, technology, and data solutions
as well as insurance support services. Our Solution partners help
drive business value and innovation for insurers by developing and
delivering integrations, extensions, apps, and other complementary
solutions for Guidewire products. All of our Ready for Guidewire
partner solutions are validated for security, quality, and
compatibility with Guidewire, and can be found on the Guidewire
Marketplace.
For more information about Guidewire PartnerConnect, please
visit http://www.guidewire.com/partners.
About Guidewire Software
Guidewire is the platform P&C insurers trust to engage,
innovate, and grow efficiently. We combine digital, core,
analytics, and machine learning to deliver our platform as a cloud
service. More than 540 insurers in 40 countries, from new ventures
to the largest and most complex in the world, run on Guidewire.
As a partner to our customers, we continually evolve to enable
their success. We are proud of our unparalleled implementation
track record, with more than 1,600 successful projects, supported
by the largest R&D team and partner ecosystem in the industry.
Our marketplace provides hundreds of applications that accelerate
integration, localization, and innovation.
For more information, please visit www.guidewire.com and follow
us on X (formerly known as Twitter) and LinkedIn.
NOTE: For information about Guidewire’s
trademarks, visit https://www.guidewire.com/legal-notices.
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version on businesswire.com: https://www.businesswire.com/news/home/20240117365604/en/
Melissa Cobb Senior Public Relations Manager Guidewire Software,
Inc. +1.650.464.1177 mcobb@guidewire.com
Zane Koeller VP, Sales & Marketing Chrp Technologies
917.757.7070 zkoeller@chrptech.com
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