Acclaim IQ has joined Guidewire’s Isnurtech Vanguards Programme, an initiative to help insurers learn about new insurtechs and how to leverage them
Acclaim IQ, an insurtech focusing on insurance agent licencing compliance, has joined Guidewire’s Insurtech Vanguards programme, a Guidewire-led initiative to help insurers learn about the newest insurtechs and how to best exploit their solutions.
The Insurtech Vanguards are a group of elite entrepreneurs and technology providers who are providing innovative solutions to the property and casualty insurance sector. Guidewire serves as a strategic advisor and advocate for the participating insurtechs, as well as linking them with Guidewire’s P&C customers, as part of the initiative.
W. Brian Harrigan, Chairman and CEO of Acclaim IQ, says, “We are thrilled to be featured as an Insurtech Vanguard by Guidewire, an active member of the insurtech community and a leader in the digital revolution of the insurance business.”
Empowering insurance companies with technology
Acclaim IQ, based in Shelton, Connecticut, provides compliance professionals at insurance companies, agencies, MGAs, and TPAs with the ability to track agent appointments, licence status, continuing education, E&O status, and tax information in a single database, automating the agent onboarding process and tracking all aspects of the agent and adjuster licencing compliance process.
While many insurtech companies have focused on distribution and claims processing, Acclaim IQ has a primary focus on assisting insurance industry compliance specialists.
“Companies like Acclaim IQ show why the Insurtech Vanguards programme is so valuable,” Laura Drabik, Guidewire’s Chief Evangelist, stated. “Our community of insurers is searching for a solution to help them better fulfil their internal and regulatory agent appointment compliance needs, and Acclaim IQ’s agent licencing compliance software is exactly what they’re looking for. Acclaim allows a process that was previously very manual and labour intensive to be done digitally. Acclaim IQ’s participation in the programme allows us to deliver added value to our customers by training them on how to automate, simplify, and streamline the licencing compliance process for their agents.”
Guidewire is used by over 450 insurers, ranging from start-ups to the world’s largest and most complicated. To deliver our platform as a cloud service, the organisation blends digital, core, analytics, and AI. Hundreds of applications are available in its marketplace to help with integration, localization, and innovation.