Guidewire makes blockbuster acquisition of ISCS

Guidewire makes blockbuster acquisition of ISCS
Long sought after by Private Equity firms, other insurers, and the occasional investment banker looking for a transaction, privately held ISCS has chosen to join Guidewire (NYSE:GWRE).   ISCS adds its SurePower Innovation end-to-end suite to Guidewire’s existing InsuranceSuite end-to-end suite. This is a decided change of acquisition strategy for Guidewire. Up to now, all its acquisitions have fit into—or added a single new element—to InsuranceSuite.   Why?   Well, if you are a publicly held company growth is good. ISCS immediately brings more revenue and more importantly brings good market momentum with a solid sales pipeline.   ISCS’ focus on small and midsize insurers brings a few other intriguing possibilities. One is that Guidewire and its SI alliance partners will now aim at the large and very large insurer market, leaving the small and midsize market to ISCS. A second is that ISCS will become a vehicle for small insurer growth outside of the US. The third is that ISCS’ more extensive cloud experience, especially with AWS, will step up Guidewire’s movement to the cloud.   For now Guidewire shareholders have a heckuva gift under their Christmas trees.  

How to Solve the Digital Challenge – Successful Companies Report Out

How to Solve the Digital Challenge – Successful Companies Report Out
Over the past five years digital technology has evolved significantly. Many financial services firms have moved past the exploration stage and are now more committed to the mobile channel. There is increased demand for expanded capabilities and functions and users expect “always on” access through an app on their smart devices.  Celent has seen a rise in the focus on mobility solutions across the enterprise and this trend is expected to be a sustained area of investment for the short to medium term. In short, there is a broad consensus that digital channels and mobile platforms represent a critical path forward. In a series of presentations at Celent’s next conference, What’s Next: The Search for Disruptive Innovation, several companies will detail how they are addressing the digital challenge, including:
  • Continuum will review the work they did with BBVA and explain how they used a strong understanding of the consumer to influence decisions about touchpoints. Their experience demonstrates how to build an omnichannel strategy and how businesses need to integrate digital and physical touchpoints into a seamless experience. This presentation will describe BBVA’s result — an experience spread across multiple channels that always considers the user’s needs first.
  • Kroodle, a separately branded business unit of the Netherland insurance giant Aegon, sells personal lines insurance directly to the public exclusively through Facebook. Their co-founder and COO will discuss how they design first for digital engagement. He will also describe how they are making this transition by building a completely new company inside a large, established parent.
  • One of the distinguishing capabilities of many mobile devices is location awareness – the ability to provide information about where the user is, physically, and even what activities they may be engaged in. Tokio Marine, a Japanese insurer, has pioneered the use of location and context-aware computing technology to provide insurance product recommendations based on the current location and activities of the mobile phone user. The presentation will highlight how the company continues to create unique product propositions for their customers and prospects that leverage digital capabilities.
  • What happens when you combine the gaming industry with financial services? 7Imagine, from Seven Investment Management in the UK, is an application designed for intermediaries and their clients designed by a firm whose founders are better known for developing console games such as GoldenEye and Donkey Kong Country. To the best of our knowledge, this is the first financial services app with a musical score and sound effects.
Whether your organization is actively pursuing digitization, or if you are still looking to design an approach, these leaders will give you practical dos and don’ts from their experiences. But, you have to be present on the day to gain this perspective.  Visit the program website and register today!