Guidewire Garmisch Release Reimagines Insurance Product Design, Speeds Integrations, and Expands Commercial Lines Offerings | MarketScreener
Summary
View the full release here: https://www.businesswire.com/news/home/20230403005365/en/ • Create dynamic claims experiences quickly with Advanced Product Designer (APD), extending the first-of-its-kind approach to product-driven development across the complete insurance lifecycle. “Insurers are looking for ways to get to market faster and that’s why we’re focused on providing ready-to- use, out-of-the-box content,” said Eugene Lee, senior vice president and general manager, InsuranceSuite, Guidewire. This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding the general availability of features, programs, services, and tools related to Garmisch mentioned in this press release such as HazardHub Fire Suppression Score, Integration Gateway, and Guidewire GO and early access features, programs, services and tools related to Garmisch such as ClaimCenter SDK on the Jutro Digital Platform, and Advanced Product Designer. These forward-looking statements are made as of the date they were first issued and were based on current expectations, estimates, forecasts and projections as well as the beliefs and assumptions of management. In particular, the following factors, among others, could cause results to differ materially from those expressed or implied by such forward-looking statements: quarterly and annual operating results may fluctuate more than expected; seasonal and other variations related to our customer agreements and related revenue recognition may cause significant fluctuations in our results of operations, ARR and cash flows; our reliance on sales to and renewals from a relatively small number of large customers for a substantial portion of our revenue; our ability to successfully manage any changes to our business model, including the transition of our products to cloud offerings and the costs related to cloud operations and security; recent global events (including, without limitation, the continuing COVID-19 pandemic, the ongoing conflict between Russia and Ukraine, inflation higher than we have seen in decades, and supply chain issues) and their impact on our employees and our business and the businesses of our customers, system integrator (“SI”) partners, and vendors; data security breaches of our cloud-based services or products or unauthorized access to our customers’ data, particularly in connection with our transition to a hybrid in-person and remote workforce; our competitive environment and changes thereto; our services revenue produces lower gross margins than our license, subscription and support revenue; our product development and sales cycles are lengthy and may be affected by factors outside of our control; the impact of new regulations and laws, including tax laws and accounting standards; assertions by third parties that we violate their intellectual property rights; weakened global economic conditions may adversely affect the P&C insurance industry, including the rate of information technology spending, general political or destabilizing events, including war, conflict or acts of terrorism; our ability to sell our products is highly dependent on the quality of our professional services and SI partners; the risk of losing key employees; the challenges of international operations, including changes in foreign exchange rates; and other risks and uncertainties.
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