Beneva shifts auto products to Guidewire APD with GFT support

Beneva Adopts Guidewire APD for Auto Insurance

Beneva has successfully completed an early conversion to the Guidewire Analytics and Product Development (APD) platform for its auto insurance offerings. This move significantly reduces product development timelines, allowing for quicker digital adjustments and product launches.

What This Means for Beneva

The early conversion, supported by Guidewire's Financial Transformation (GFT) team, reportedly cuts the typical product development timeline in half. This enhancement enables Beneva to respond more swiftly to market changes and customer needs, ultimately improving service delivery.

Key Benefits

• Faster Product Changes: Beneva can implement updates to their auto insurance products more quickly, helping to stay competitive.
• Enhanced Agility: The use of Guidewire APD allows the company to adapt to market trends and customer feedback more effectively.
• Streamlined Processes: Improved efficiency in product development means that Beneva can focus more on innovation rather than being bogged down by lengthy processes.

Impact on Customers and Industry

For Beneva's customers, these changes may lead to better product offerings and quicker updates based on their evolving needs. Additionally, this advancement could set a precedent for other insurers, encouraging them to adopt similar technologies to enhance their responsiveness.

Conclusion

Beneva's shift to Guidewire APD marks an important step in its commitment to modernization and efficiency in auto insurance. By embracing such technology, they position themselves as a forward-thinking player in the insurance landscape.

Original Source: https://beinsure.com/news/beneva-shifts-auto-products-to-guidewire-apd/