Guidewire Deepens Relationship with Shift Technology, Naming Shift its Strategic Partner to Help Mitigate Insurance Fraud
November 12 2024 - 7:55AM
Business Wire
Guidewire (NYSE: GWRE) announced Shift Technology as its
strategic partner for insurance-based decisioning solutions.
Shift’s products enable artificial intelligence (AI) powered fraud
detection and investigation, underwriting risk detection, and
subrogation detection. The expanded partnership will deliver a
joint solution that will enable the rapid integration of Shift’s
fraud detection technology with Guidewire’s solutions, improving
efficiency and claims handler productivity.
A PartnerConnect Technology Premier partner and leader in
AI-driven decisioning for the insurance industry, Shift delivers
solutions to insurers that help automate and optimize critical
insurance decisions. Shift has been a pioneer of AI-powered fraud
detection since its establishment in 2014 and was an early adopter
of large language models and generative AI in 2020, making it a
leading-edge fraud detection solution provider for insurers.
“We are honored that Guidewire has expanded the scope of our
successful partnership,” said Drew Whitmore, Global Head of
Partnerships, Shift Technology. “In deepening our relationship, we
can continue to meet the evolving needs of insurers around the
world and improve the claims process through the integration of two
of the P&C insurance industry’s leading solutions.”
Named a ‘Luminary’ by Celent for Insurance Fraud-Detection
Solutions in 2024, with the trust of over 115 insurance customers
across 25 countries and a 100% focus on the insurance industry,
Shift has a proven track record of delivering a positive impact for
P&C insurers. Shift’s global presence, along with Guidewire's
investment in Shift's Series D financing, supports ongoing
technological innovation and accelerates go-to-market efforts,
enabling continued growth.
“Shift offers a robust suite of fraud-detection solutions across
key insurance functions and important data science and AI
expertise,” said Will Murphy, Vice President, Global Technology
Alliances, Guidewire. “Over the past five years of collaboration
between Guidewire and Shift, Shift was among the first to develop a
cloud-based integration and has been an influential resource as we
develop the fraud module for Guidewire Autopilot Workflow Service.
We are pleased to enhance our partnership by offering an easily
deployed Shift integration for our cloud customers.”
Shift is a Guidewire Connections 2024 Silver level sponsor. For
more information on its technology, Guidewire integrations, and the
Guidewire/Shift partnership, please visit Shift’s booth PD S3 at
Connections or the Guidewire Marketplace.
About Shift Technology
Shift Technology delivers AI-powered decisioning solutions to
benefit the global insurance industry and its customers. Our
products enable the world’s leading insurers to improve combined
ratios by optimizing and automating critical decisions across the
policy lifecycle. Shift solutions help mitigate fraud and risk,
increase operational efficiency, and deliver superior customer
experiences. Learn more at www.shift-technology.com.
About Guidewire PartnerConnect ecosystem and Ready for
Guidewire
Guidewire’s technology ecosystem is the largest in the P&C
industry, with over 210 technology partners providing over 250
integrations in the Guidewire Marketplace. Guidewire PartnerConnect
Technology partners provide software, technology, and data
solutions as well as insurance support services. Our Technology
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. More than 570 insurers in 42
countries, from new ventures to the largest and most complex in the
world, rely on Guidewire products. With core systems leveraging
data and analytics, digital, and artificial intelligence, Guidewire
defines cloud platform excellence for P&C insurers.
We are proud of our unparalleled implementation track record,
with 1,700+ successful projects supported by the industry’s largest
R&D team and SI partner ecosystem. Our marketplace represents
the largest solution partner community in P&C, where customers
can access hundreds of applications to 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/20241112235016/en/
Melissa Cobb Senior Public Relations Manager Guidewire Software,
Inc. +1.650.464.1177 mcobb@guidewire.com
Rob Morton Corporate Communications Shift Technology
+1.617.416.9216 rob.morton@shift-technology.com
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