MT TL
Follow Us
ITA MEMBERSHIP

INSURANCE TECHNOLOGY NEWS

INSURANCE TECHNOLOGY NEWS

Good2Go Auto Insurance Leverages Guidewire InsurancePlatform for Predictive Analytics

Bill Sinn | August 05, 2019

Good2Go Auto Insurance, an auto insurance provider, and Guidewire Software, provider of the industry platform Property and Casualty (P&C) insurers rely upon, today announced that Good2Go is leveraging Guidewire Predictive Analytics™ for Profitability to embed predictive insights for pricing guidance and better compete in the market. The company is currently using its approved rating model, which leverages Predictive Analytics for Profitability, in Illinois and has filed similarly-built models for approval in Alabama and Delaware, with plans to utilize Predictive Analytics for Profitability to build and file models for approval in the rest of the states where it does business.

“We selected Predictive Analytics for Profitability to improve our pricing capabilities,” said Dale Debner, vice president, Product Management and Agency Sales, Good2Go. “The advanced analytical insights gained have given us additional confidence in our rating models and will enable our future growth.”

Scott Gibson, vice president and chief actuary at Good2Go, added, “We wanted a tool that would enable our in-house talent to perform predictive analytics work without the need to build a team from scratch. We have been able to add the rating models to our pricing plans, leading to a loss ratio benefit that is there to safeguard us so we can get more aggressive.”

“We are pleased to participate in Good2Go’s journey to becoming more analytics and data-driven to help continue its mission of providing drivers with insurance quickly, easily, and cheaply,” said Mike Polelle, chief delivery officer, Guidewire Software. “Good2Go presents a perfect example of an insurance provider that recognizes how advanced analytics have become an imperative for competitiveness and growth.”


Featured articles

Majesco MR

MT MR

ELECTRONIC CHAT

The Email Chat is a regular feature of the ITA Pro magazine and website. We send a series of questions to an insurance IT leader in search of thought-provoking responses on important issues facing the insurance industry.

ITA LIVE 2019

The tide is up! It's time to register for ITA LIVE 2019, our annual educational and networking conference! Our theme is "The InsurTech Revolution: Cutting Through the Hype." and we'll be bringing in a torrent of industry thought leaders, amazing insight and wonderful perspectives on the world of insurtech and its impact on the insurance landscape.

ITA LIVE 2019 will present real-life examples of true startup technologies that are helping insurers gain real advantage -- and a competitive edge -- in the marketplace. We’ll highlight the more successful InsurTech partnerships, while offering case studies that demonstrate exciting innovation and cutting-edge techniques impacting all aspects of the insurance ecosystem.

Ride the wave to LIVE 2019. Sign up today! We look forward to seeing you in May, 2019!

BLOGS AND COLUMNS

only online

Only Online Archive

ITA Pro Buyers' Guide

Vendor Views

Partner News