PolicyCenter demonstration analytics solutions
In the base configuration, Guidewire provides demonstration solutions for the following Guidewire products:
- Guidewire Cyence Analytics
- Guidewire Predictive Analytics
To be able see analytics content in the PolicyCenter application screens:
- You must download and activate the solution in the Analytics Manager workspace.
- You must enable the analytics solution in Analytics Manager.
- You must enable the specific parts of the analytics solution that you want to be visible in the PolicyCenter screens.
Cyence analytics solutions
Guidewire PolicyCenter provide the following types of embedded Cyence analytics.
| Cyber Risk SMB Cyber Risk |
If enabled, you see a Cyence Analytics tab on the
Risk Analysis screen for new submissions of certain types
of policies. The SMB Cyber Risk solution refers to small-to-medium businesses. It is
possible to enable Cyber Risk and SMB Cyber Risk solutions separately. The Guidewire
solution for cyber risk works for any cyber product that you implement with the
stipulation that the product must be for a company and not for an individual. The Cyence Analytics tab contains a Request button. Clicking the Request button opens a Matching Companies screen. Selecting a company returns you to the previous screen, which now shows data. |
| Worker's Comp Risk Employment Practice Liability |
If enabled, you see a Cyence Analytics tab on the
Risk Analysis screen for new submissions for Workers'
Compensation policies. It is possible to enable the Worker's Comp Risk and
Employment Liability solutions separately. The Cycence Analytics tab contains a Request button. Clicking this button provides information about locations on the policy. |
Predictive analytics solutions
Guidewire PolicyCenter provide the following types of embedded predictive analytics.
| Underwriter Experience | If enabled, you see a Predictive Analytics tab on the
Risk Analysis screen for new submissions for Commercial
Property policies. Opening this tab enables you to view information about the
following types of analytics:
|
| Submission Prioritization | If enabled, you see prioritization and risk details on policy submissions for Commercial Property in the screen. |
Understanding risk assessment
Guidewire uses customer data that is specific and internal to your organization in forming risk assessment models. Typically, this involves analyzing between five and ten years of customer historical data, claim or policy data, for example.
After you provide Guidewire with this data, suitably masked to remove personal identifying information, Guidewire stores this data in Guidewire Cloud. Guidewire then performs analysis on this data and uses that analysis to create analytics models that makes predictions on risk.