The continuing success and international growth of Kube Partners, which offers advanced fraud management solutions to insurance companies, has been reconfirmed by a recent partnership announcement.
On October 30, Kube and Guidewire Software, Inc. (NYSE: GWRE) announced that Kube Partners has joined Guidewire PartnerConnect™ as a Solution partner. Guidewire delivers the industry platform that Property and Casualty (P&C) insurers rely upon, serving more than 380 companies in 34 countries. As a Solution partner, Kube Partners plans to make its Detector application available as an add-on for Guidewire ClaimCenter™.
Detector is a web-based application for the detection and end-to-end management of insurance fraud. Developed together with expert claim handlers, it has the ability to single out more fraudulent claims and suspicious behaviours than other traditional investigation processes. Detector 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.
“Insurance fraud is not merely an unfair hit on a company’s 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 Partners, we are proud to give our best for the greater good.”
“We welcome Kube Partners 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 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. The company provides the software, services, and partner ecosystem to enable its customers to run, differentiate, and grow their business. Guidewire is privileged to serve more than 380 companies in 34 countries. For more information, please visit www.guidewire.com (http://www.guidewire.com). You can also follow the company on Twitter: @Guidewire_PandC (https://twitter.com/Guidewire_PandC).