Are you tired of the tedious and time-consuming process of claims management and underwriting? Guidewire has got you covered with their latest platform update, Las Leñas. This update promises to bring a range of new features that will help insurance firms streamline their claims management and underwriting processes.

According to Michael Howe, Chief Product Officer at Guidewire, Las Leñas “represents a significant leap forward for the insurance industry.” The update includes a risk scoring tool for underwriters and actuaries, as well as application performance monitoring, which provides customers with visibility into application performance.

The release will be available to the industry on December 6, 2024. This update is a game-changer for insurance firms looking to optimize claims management and equip underwriters, actuaries, and product managers with the tools they need to make more informed decisions, faster.

How to Use Guidewire’s Las Leñas Update

Here are five steps to help you streamline your claims management and underwriting processes with Guidewire’s Las Leñas update:

1. Get Familiar with the New Features: Take the time to familiarize yourself with the new features of Las Leñas. This includes the risk scoring tool and application performance monitoring.

2. Train Your Team: Ensure that your team is trained on how to use the new features. This will help them make more informed decisions, faster.

3. Optimize Claims Management: Use the risk scoring tool to optimize your claims management process. This will help you identify high-risk claims and prioritize them accordingly.

4. Improve Underwriting: The risk scoring tool can also help you improve your underwriting process. Use it to identify high-risk policies and adjust your pricing accordingly.

5. Monitor Application Performance: Use the application performance monitoring feature to ensure that your applications are running smoothly. This will help you identify and resolve any issues before they become major problems.

By following these five steps, you can streamline your claims management and underwriting processes with Guidewire’s Las Leñas update.

Conclusion

Guidewire’s Las Leñas update is a game-changer for insurance firms looking to streamline their claims management and underwriting processes. By using the new features, you can optimize your claims management, improve your underwriting, and monitor your application performance.

At Riskwolf, we understand the importance of streamlining insurance processes. That’s why we offer parametric insurance solutions that enable insurers to build and operate parametric insurance at scale. With unique real-time data and dynamic risk modeling, we can help you turn real-time data into insurance.

To learn more about how Riskwolf can help you streamline your insurance processes, get in touch with us today.