Guidewire Software’s Digital Platforms Favored by 78% Brokers; 51% Adopt Algorithmic Underwriting
Guidewire Software’s London Market Tech Barometer of 251 brokers found 78% say insurer digital platforms decisively influence risk placement and 51% report algorithmic underwriting adoption. The survey showed 42% automating submission intake with AI and 31% cite legacy systems as the main modernization barrier.
1. Broker Technology Preferences
Guidewire’s London Market Tech Barometer polled 251 brokers, revealing 78% say insurer digital platforms are a decisive factor in risk placement and 51% report adoption of algorithmic underwriting.
2. AI and Algorithmic Underwriting
Brokers cited AI-driven automation as key, with 42% automating submission intake and data extraction, while 38% use AI to enhance exposure management workflows.
3. Modernization Barriers
Legacy systems were identified as the top modernization barrier, with 31% of brokers expressing concern over outdated cores hindering integration and independent tech strategies despite Blueprint Two.
4. Guidewire Software’s Market Outlook
The findings underscore growing demand for Guidewire’s cloud-based core and digital solutions as insurers seek resilient, integrated platforms to meet broker expectations and competitive pressures.