New partner’s claims fraud solution to help drive profitability and contain operational risk
Kube Partners (Kube), an international consultancy and software application company with a focus on the insurance and banking industries, and Guidewire Software, Inc. (NYSE: GWRE), provider of the industry platform general insurers rely upon, today announced that Kube has joined Guidewire PartnerConnect™ as a Solution partner.
Kube offers insurance companies advanced fraud management solutions.
Its proprietary platform, Detector R2, is a web-based application for the detection and end-to-end management of insurance fraud. Developed together with expert claim handlers, Detector R2 has the ability to single out more fraudulent claims and suspicious behaviours than other traditional investigation processes. Detector R2 works by looking for hidden connections, indications of professional fraudsters at play, and minimising “false positives”; thereby helping to increase the efficiency of the company’s anti-fraud activities. As a PartnerConnect Solution partner, Kube plans to employ the Guidewire DevConnect™ developer platform to produce an add-on for Guidewire ClaimCenter™.
“Insurance fraud is not merely an unfair hit on the company financial bottom line, but a cost that impacts society at large. We all pay for the losses caused by fraudsters,” said Kube’s Managing Director and co-founder Andrea Guerra. “Fighting fraud is not only good business practice but a moral imperative; in Kube, we are proud to give our best to the greater good.”
“We welcome Kube to our Guidewire PartnerConnect Solution community,” said Becky Mattick, Senior Director, Solution Alliances, Guidewire Software. “Fraud has always been a matter of serious concern in the industry given the huge costs involved. Integration between Detector and ClaimCenter will support those responsible for investigating and handling suspicious claims by providing them with the necessary anti-fraud tools in their daily activities, as well as integration of anti-fraud procedures in the settlement process.”
About Kube Partners
Kube Partners is a pioneering software application company for the insurance industry, and creator of the cutting-edge anti-fraud platform Detector R2. Combining the benefits of artificial intelligence and human insight, Detector R2 was created by claims experts with 35 years of experience and is used by major European insurance companies. This comprehensive, user-friendly solution is embedded in the ClaimCenter interface and organized into modules such as Claims, UW, and Medical to offer digital straight-through processing. Detector R2 has been shown to help insurers drive profitability, facilitate compliance and minimize operational risk. Kube Partners was named in “The Forrester Tech Tide: Digital Claims Management, Q4 2019″ as a company to invest in.
About Guidewire PartnerConnect and Ready for Guidewire
Guidewire PartnerConnect™ is a global network of select companies that provide consulting services and solutions to enhance, extend, and complement the capabilities of Guidewire products. Our worldwide community helps contribute to the success of our mutual customers in the general insurance industry by delivering Guidewire software implementations, value-add solution and technology offerings, and guidance on insurance industry best practices.
Guidewire DevConnect™ is a developer platform that enables Guidewire PartnerConnect Solution partners to create innovative add-ons that integrate with Guidewire InsurancePlatform™ products. DevConnect add-ons feature plug-and-play integration, full-fidelity upgrades, and enhanced support – enabling insurers to focus on innovation and growth. With a complete set of APIs, software development kits, and associated tools, DevConnect provides everything that the independent general insurance developer community needs to rapidly design and build feature-rich add-ons for Guidewire products and publish them in the Guidewire Marketplace.
Guidewire PartnerConnect is an invitation-only program. For more information about Guidewire PartnerConnect please visit http://www.guidewire.com/partners/
About Guidewire Software
Guidewire delivers the industry platform that general 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 34 countries. For more information, please visit www.guidewire.com and follow us on twitter: @Guidewire_PandC.