Canal Insurance Company Drives Smart Claims Decisions with Guidewire Cloud-Based Predictive Analytics
Solution
Guidewire Predictive Analytics™ to help commercial transportation insurance provider build and implement
claims models seamlessly
Canal Insurance Company, a commercial trucking and specialty transportation insurance provider, and Guidewire Software, Inc.
(NYSE: GWRE), provider of the industry platform Property and Casualty (P&C) insurers rely upon, today announced that Canal
plans to utilize Guidewire Predictive Analytics™ for Claims to complement Guidewire ClaimCenter™, the claims management system it
has been using since 2004. The company is one of Guidewire’s earliest customers and plans to implement Predictive Analytics for
Claims in early 2019 for its largest line of business – commercial auto liability. Canal also successfully deployed Guidewire
BillingCenter™ in 2013.
Canal is combining ClaimCenter and Predictive Analytics for Claims to create a
Smart Core™ system that will use advanced analytics to solve specific business problems and deliver actionable insights at the
time key decisions are being made.
“Canal selected Guidewire Predictive Analytics for Claims as its solution based on the capabilities of the machine-learning
engine, the ability to deliver real-time predictive insights into our claims workflow, and the expertise of Guidewire Professional
Services,” said Christopher Greene, Senior Vice President, Chief Claims Officer & General Counsel, Canal. “Our analytics team
can now gather claims data, build, and implement models seamlessly compared to the policy-side models we had built and used in the
past. We also look forward to potentially improving our loss ratios by making sure that incoming claims are promptly assigned to
the right resources as well as early detection of claims that might escalate into large losses.”
“We are pleased that Canal has embarked on its Smart Core journey by expanding its relationship with Guidewire and selecting
Predictive Analytics to complement its longtime use of ClaimCenter,” said Steve Sherry, Chief Sales Officer, Guidewire Software.
“We are humbled by Canal’s confidence in our technology and look forward to continuing our partnership in helping the company adapt
and succeed in its mission of insuring transportation risks.”
About Canal Insurance Company
Canal Insurance Company is a third generation family owned and operated insurance company, specializing in commercial trucking
since its inception, almost 80 years ago. Canal is recognized in the insurance industry as a stable, responsive and financially
strong leader. Underwriting in forty-six (46) states, Canal is represented by a network of independent general agents across the
country. Visit
canalinsurance.com for other news and information.
About Guidewire Software
Guidewire delivers the industry platform that Property and Casualty (P&C) insurers rely upon to adapt and succeed in a time
of accelerating change. We provide the software, services, and partner ecosystem to enable our customers to run, differentiate, and
grow their business. We are privileged to serve more than 350 companies in 32 countries. For more information, please visit
www.guidewire.com and follow us on twitter:
@Guidewire_PandC.
NOTE: For information about Guidewire’s trademarks, visit
https://www.guidewire.com/legal-notices.
Guidewire Software, Inc.
Diana Stott, +1-650-356-4941
Director, Communications
dstott@guidewire.com
or
Canal Insurance Company
Christopher Greene, 864-250-9254
Senior Vice President, Chief Claims Officer & General Counsel
Christopher.Greene@canal-ins.com
View source version on businesswire.com: https://www.businesswire.com/news/home/20181008005061/en/