Latest news with #LeoTenenblat
Business Wire
14-05-2025
- Business
- Business Wire
Guidewire Predict Named 'Embedded Analytics Solution of the Year' in 2025 Data Breakthrough Awards
SAN MATEO, Calif.--(BUSINESS WIRE)--Guidewire (NYSE: GWRE) announced that Guidewire Predict, its industry-leading Machine Learning (ML) application enabling P&C insurers to make smarter decisions on risk selection, pricing, and claims, has been named 'Embedded Analytics Solution of the Year' in the 2025 Data Breakthrough Awards. The awards program is conducted by Data Breakthrough, an independent market intelligence organization recognizing companies, technologies and products in the global data technology market. 'We are honored to be recognized with a prestigious Data Breakthrough Award,' said Leo Tenenblat, Senior Vice President and General Manager, Data and Analytics, Guidewire. 'Guidewire is committed to transformative innovation and technology that drives agility and success for P&C insurers. With Guidewire Predict, insurers have a predictive analytics solution that enables a systematic process to unlock value from analytics, enhancing their decision-making and improving business outcomes.' Guidewire Predict simplifies the deployment, embedding, and monitoring of predictive models within core systems so insurers can act on data-driven insights in real-time. As a Bring Your Own Model solution (BYOM), insurers can bring their own models built in R, Python, SAS, and other frameworks, into the system. Guidewire Predict accelerates the deployment of the modeling solutions so insurers can respond to market changes by quickly operationalizing them. With Predict, embedded predictive insights are directly available to insurance professionals in core workflows, enabling smarter risk management and optimizing claims processing. 'Guidewire Predict empowers insurers, reinsurers, and MGAs to make more informed decisions by embedding actionable insights into their core systems, enabling smarter risk management, optimized claims processing, and better business results,' said Steve Johansson, Managing Director, Data Breakthrough. 'We're thrilled to recognize Guidewire with 'Embedded Analytics Solution of the Year!'' The annual Data Breakthrough Awards is the premier awards program founded to recognize the data technology innovators, leaders and visionaries from around the world in a range of categories, including DataOps, analytics, AI, business intelligence, data privacy, data storage, and more. Now in its sixth year, the awards program attracted thousands of nominations from across the globe. To view the full list of award winners, visit About Guidewire 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 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 and follow us on X (formerly known as Twitter) and LinkedIn. NOTE: For information about Guidewire trademarks, visit .
Yahoo
14-05-2025
- Business
- Yahoo
Guidewire Predict Named "Embedded Analytics Solution of the Year" in 2025 Data Breakthrough Awards
SAN MATEO, Calif., May 14, 2025--(BUSINESS WIRE)--Guidewire (NYSE: GWRE) announced that Guidewire Predict, its industry-leading Machine Learning (ML) application enabling P&C insurers to make smarter decisions on risk selection, pricing, and claims, has been named "Embedded Analytics Solution of the Year" in the 2025 Data Breakthrough Awards. The awards program is conducted by Data Breakthrough, an independent market intelligence organization recognizing companies, technologies and products in the global data technology market. "We are honored to be recognized with a prestigious Data Breakthrough Award," said Leo Tenenblat, Senior Vice President and General Manager, Data and Analytics, Guidewire. "Guidewire is committed to transformative innovation and technology that drives agility and success for P&C insurers. With Guidewire Predict, insurers have a predictive analytics solution that enables a systematic process to unlock value from analytics, enhancing their decision-making and improving business outcomes." Guidewire Predict simplifies the deployment, embedding, and monitoring of predictive models within core systems so insurers can act on data-driven insights in real-time. As a Bring Your Own Model solution (BYOM), insurers can bring their own models built in R, Python, SAS, and other frameworks, into the system. Guidewire Predict accelerates the deployment of the modeling solutions so insurers can respond to market changes by quickly operationalizing them. With Predict, embedded predictive insights are directly available to insurance professionals in core workflows, enabling smarter risk management and optimizing claims processing. "Guidewire Predict empowers insurers, reinsurers, and MGAs to make more informed decisions by embedding actionable insights into their core systems, enabling smarter risk management, optimized claims processing, and better business results," said Steve Johansson, Managing Director, Data Breakthrough. "We're thrilled to recognize Guidewire with 'Embedded Analytics Solution of the Year!'" The annual Data Breakthrough Awards is the premier awards program founded to recognize the data technology innovators, leaders and visionaries from around the world in a range of categories, including DataOps, analytics, AI, business intelligence, data privacy, data storage, and more. Now in its sixth year, the awards program attracted thousands of nominations from across the globe. To view the full list of award winners, visit About Guidewire 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 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 and follow us on X (formerly known as Twitter) and LinkedIn. NOTE: For information about Guidewire trademarks, visit View source version on Contacts Melissa CobbDirector, Public RelationsGuidewire Software, Inc.+1.650.464.1177mcobb@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
12-05-2025
- Business
- Business Wire
Triple-I Report: Lower-Risk Parcels Can Be Found in Wildfire-Prone California Communities
SAN DIEGO--(BUSINESS WIRE)--The Insurance Information Institute (Triple-I) today published a whitepaper addressing wildfire insurance access in underserved areas of California, one of the most pressing challenges facing the Golden State's volatile property insurance market. Triple-I's research shows that with more detailed, property-level analysis, insurers can confidently offer property insurance coverage in areas of California previously deemed too risky. The study, G etting Granular to Find Lower-Risk Properties Amid Wildfire Perils, comes at a critical time as California continues to grapple with regulatory obstacles related to actuarially sound underwriting and pricing. Using Guidewire HazardHub predictive Wildfire Score methodology, Triple-I's research demonstrated how granular geospatial data analysis can identify lower-risk properties, even in areas traditionally considered high-risk. 'The traditional approach to wildfire risk assessment has left many Californians without access to affordable property insurance coverage,' said Dale Porfilio, FCAS, MAAA, Chief Insurance Officer, Triple-I. "Our research shows that with more detailed, property-level analysis, insurers can confidently offer coverage in areas previously deemed too risky." The report examines three ZIP codes identified by the California Department of Insurance (CDI) as 'undermarketed' by insurers: Los Angeles (90210), Mendocino (95490) and El Dorado (95667). The Triple-I analysis of HazardHub insights reveals strong fire-suppression success rates of 90%, 95% and 97%, respectively, in these areas, suggesting many properties are less risky than previously thought. 'To sustainably write insurance in California and other wildfire-prone states, insurers need access to granular property-level data, modern wildfire risk models and a regulatory environment that embraces innovation,' said Leo Tenenblat, Senior Vice President and General Manager, Data and Analytics at Guidewire. 'The Triple-I analysis highlights how next-generation tools and data can uncover lower-risk properties – even in high-risk areas – empowering insurers to expand coverage confidently and responsibly.' Key findings from the Triple-I study include: California's insurance availability challenges stem largely from Proposition 103, regulatory interpretation of which has restricted insurers' ability to offer coverage at actuarially sound rates, which are sufficient to pay expected future losses. Wildfire mitigation and home hardening can reduce the risk of wildfire damage by up to 70%. Granular risk assessment incorporates all vegetation types, drought conditions and fire-suppression success rates in addition to more traditional variables like fuel density, slope and aspect. The California FAIR Plan, the state's insurer of last resort, has become increasingly important but is not a sustainable long-term solution. Triple-I's research supports the CDI's Sustainable Insurance Strategy, which requires insurance companies to offer homeowners coverage in California's under-served areas if they want to use advanced, forward-looking wildfire models in their rate filings. To meet this requirement, insurers must write policies in those areas equal to at least 85% of their total market share across the state. If a carrier has 10% market share in the state, they must have 8.5% of the 'under-marketed' area, which makes up about 15% of properties in the state for a 1.275% share of the market, less than 1.3% of their portfolio. The report concludes that addressing insurance availability/affordability challenges in California requires a multi-pronged approach with a focus on high-quality, reliable data that allows for targeted risk assessment at the property level. About the Insurance Information Institute (Triple-I) Since 1960, the Insurance Information Institute (Triple-I) has been the trusted voice of risk and insurance, delivering unique, data-driven insights to educate, elevate and connect consumers, industry professionals, policymakers and the media. An affiliate of The Institutes, Triple-I represents a diverse membership accounting for nearly 50% of all U.S. property/casualty premiums written. Our members include mutual and stock companies, personal and commercial lines, primary insurers and reinsurers – serving regional, national and global markets. About The Institutes The Institutes® are a not-for-profit comprised of diverse affiliates that educate, elevate, and connect people in the essential disciplines of risk management and insurance. Through products and services offered by The Institutes and nearly 20 affiliated business units, people and organizations are empowered to help those in need with a focus on understanding, predicting, and preventing losses to create a more resilient world. The Institutes is a registered trademark of The Institutes. All rights reserved.
Yahoo
12-05-2025
- Business
- Yahoo
Triple-I Report: Lower-Risk Parcels Can Be Found in Wildfire-Prone California Communities
SAN DIEGO, May 12, 2025--(BUSINESS WIRE)--The Insurance Information Institute (Triple-I) today published a whitepaper addressing wildfire insurance access in underserved areas of California, one of the most pressing challenges facing the Golden State's volatile property insurance market. The study, Getting Granular to Find Lower-Risk Properties Amid Wildfire Perils, comes at a critical time as California continues to grapple with regulatory obstacles related to actuarially sound underwriting and pricing. Using Guidewire HazardHub predictive Wildfire Score methodology, Triple-I's research demonstrated how granular geospatial data analysis can identify lower-risk properties, even in areas traditionally considered high-risk. "The traditional approach to wildfire risk assessment has left many Californians without access to affordable property insurance coverage," said Dale Porfilio, FCAS, MAAA, Chief Insurance Officer, Triple-I. "Our research shows that with more detailed, property-level analysis, insurers can confidently offer coverage in areas previously deemed too risky." The report examines three ZIP codes identified by the California Department of Insurance (CDI) as "undermarketed" by insurers: Los Angeles (90210), Mendocino (95490) and El Dorado (95667). The Triple-I analysis of HazardHub insights reveals strong fire-suppression success rates of 90%, 95% and 97%, respectively, in these areas, suggesting many properties are less risky than previously thought. "To sustainably write insurance in California and other wildfire-prone states, insurers need access to granular property-level data, modern wildfire risk models and a regulatory environment that embraces innovation," said Leo Tenenblat, Senior Vice President and General Manager, Data and Analytics at Guidewire. "The Triple-I analysis highlights how next-generation tools and data can uncover lower-risk properties – even in high-risk areas – empowering insurers to expand coverage confidently and responsibly." Key findings from the Triple-I study include: California's insurance availability challenges stem largely from Proposition 103, regulatory interpretation of which has restricted insurers' ability to offer coverage at actuarially sound rates, which are sufficient to pay expected future losses. Wildfire mitigation and home hardening can reduce the risk of wildfire damage by up to 70%. Granular risk assessment incorporates all vegetation types, drought conditions and fire-suppression success rates in addition to more traditional variables like fuel density, slope and aspect. The California FAIR Plan, the state's insurer of last resort, has become increasingly important but is not a sustainable long-term solution. Triple-I's research supports the CDI's Sustainable Insurance Strategy, which requires insurance companies to offer homeowners coverage in California's under-served areas if they want to use advanced, forward-looking wildfire models in their rate filings. To meet this requirement, insurers must write policies in those areas equal to at least 85% of their total market share across the state. If a carrier has 10% market share in the state, they must have 8.5% of the "under-marketed" area, which makes up about 15% of properties in the state for a 1.275% share of the market, less than 1.3% of their portfolio. The report concludes that addressing insurance availability/affordability challenges in California requires a multi-pronged approach with a focus on high-quality, reliable data that allows for targeted risk assessment at the property level. About the Insurance Information Institute (Triple-I) Since 1960, the Insurance Information Institute (Triple-I) has been the trusted voice of risk and insurance, delivering unique, data-driven insights to educate, elevate and connect consumers, industry professionals, policymakers and the media. An affiliate of The Institutes, Triple-I represents a diverse membership accounting for nearly 50% of all U.S. property/casualty premiums written. Our members include mutual and stock companies, personal and commercial lines, primary insurers and reinsurers – serving regional, national and global markets. About The Institutes The Institutes® are a not-for-profit comprised of diverse affiliates that educate, elevate, and connect people in the essential disciplines of risk management and insurance. Through products and services offered by The Institutes and nearly 20 affiliated business units, people and organizations are empowered to help those in need with a focus on understanding, predicting, and preventing losses to create a more resilient world. The Institutes is a registered trademark of The Institutes. All rights reserved. View source version on Contacts California Press Office Janet Ruiz 707-490-9365 JanetR@
