Delos Insurance Selects Guidewire InsuranceNow
(Image source: Delos homepage.)
Delos Insurance Solutions (San Francisco), a technology-powered insurance provider, and Guidewire (San Mateo, Calif.) announced that Delos selected InsuranceNow to increase agent digital engagement for business growth. The company plans to implement InsuranceNow to its homeowners’ line of business in the state of California. Guidewire PartnerConnect Consulting member Exavalu (Newport Beach, Calif.) will lead the implementation project, according to a statement from the companies.
Delos is a managing general agent providing property insurance in catastrophe-affected areas where other insurance may not be available. While many insurance companies have pulled out of communities at risk of wildfire, Delos’ founders recognized a market opportunity in leveraging their backgrounds in technology and data science to develop wildfire models and write insurance for the millions of low-risk homes that the insurance industry miscategorizes as high risk. The company is transforming their previously manual process to a digitalized technology platform through InsuranceNow.
“We selected InsuranceNow for its reliability and consistency to transform the interactions our agents have in working with us,” comments Kevin Stein, Founder and CEO, Delos. “As an early-stage startup, we have an opportunity to succeed quickly and don’t want to introduce any unnecessary risk into the company. Out of all the systems we evaluated, InsuranceNow was the best in meeting our requirements. Guidewire is a recognized industry software platform. InsuranceNow will help increase efficiency and speed-to-market for our agents. By leveraging InsuranceNow on Guidewire Cloud, we will be able to take advantage of Guidewire’s latest technology and innovation, devoting less time to system maintenance.”
Tackling a Rapidly Changing Risk Area
“We’re honored to have been selected by Delos to implement InsuranceNow to innovate and rapidly scale the business,” comments Saurav Basu, President, Exavalu. “We look forward to the partnership with Delos and Guidewire to deliver success on this initiative.”
“We admire Delos for their eagerness in solving for one of the most rapidly changing risk areas in the industry,” comments Zachary Gustafson, General Manager, Claims & InsuranceNow, Guidewire. “We are honored that Delos has selected InsuranceNow as their core technology platform as they seek to make catastrophic wildfire risk better understood and more insurable.”
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