MyChoice, a Canadian insurtech improving submission quality and underwriting confidence in the broker and carrier channels, announced that the company has joined the Guidewire Insurtech Vanguards program, an initiative led by property and casualty (P&C) cloud platform provider, Guidewire (NYSE: GWRE), to help insurers learn about the newest insurtechs and how to best leverage them.
“Brokers and carriers lose time and margin when submissions are complete on paper but unreliable in reality. We built MyChoice to reconcile quoted risk data against source-of-truth signals and the supporting evidence already exchanged in the workflow so underwriters see true exceptions, not noise,” said Aren Mirzaian, CEO and Co-Founder of MyChoice. “Joining Guidewire Insurtech Vanguards is an important step as we help carriers using Guidewire PolicyCenter improve profitability and submission trust, reduce premium leakage, and accelerate binding without disrupting broker quoting.”
It is a select community of startups and technology providers delivering novel solutions to the property and casualty (P&C) insurance space. Guidewire provides direction, connections to our customer community and advocacy to Insurtech Vanguards program members. Learn more about the Insurtech Vanguards program.
“Guidewire created the Insurtech Vanguards program to help insurers discover innovative technologies that can drive measurable outcomes across the P&C value chain,” said Laura Drabik, Guidewire Chief Evangelist. “MyChoice brings a practical approach to improving submission trust and evidence quality in the broker-carrier channel, and we’re pleased to welcome them into the Insurtech Vanguards community.”
MyChoice provides clear PASS / CAUTION / FAIL decisions along with reasons and confidence levels that facilitate streamlined processes for straightforward submissions. For the true exceptions, MyChoice provides valuable information to aid in decision-making such as assessment of document adequacy and an easily-understood summary for underwriting to save evaluation time.