GoodData Goes for Insurtech

Data analytics and insights company GoodData expanded into the insurance industry this week to simplify claims and underwriting. The San Francisco-based company’s foray into insurtech is marked with the launch of two analytical solutions, Underwriting Insights and Claims Insights.

These two products aim to help insurance companies enhance the end customer experience by automating data integration. GoodData leverages machine learning and AI to automate multiple steps in the claims and underwriting process. The solutions alert insurers of recommended actions that reduce underwriting risk and improve insurance adjusting decisions.

In a press release, Roman Stanek, founder and CEO of GoodData said, “While most Business Intelligence tools require a separate pane of glass to deliver static information based on historical data, we’re bringing analytics and recommendations directly into the business process so employees can determine the correct course of action within seconds.”

Underwriting Insights and Claims Insights are only the start of GoodData’s move into insurance. The company already has other insurance-specific offerings in the works, such as a Customer Acquisition Optimization tool.

GoodData crafted the insurtech solutions to be quick to onboard. While most of the company’s solutions can be implemented in eight weeks, with the new insurance offerings, firms can be production-ready in six weeks.

GoodData was founded in 2007 and works with 70,000 companies across the globe, including 8 of the 10 largest brands. The company’s business intelligence solutions reach more than 1 million end users. At FinovateFall 2017, GoodData showcased its Insights PaaS. Earlier this spring, Carol Lee joined the company as chief financial officer and last December, GoodData added James Smith as chief marketing officer.

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This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News

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This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News

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This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

FinovateSpring Sneak Peek: GoodData

Screen Shot 2017-04-17 at 2.39.07 PM

FS2017-Logo(rev)V1A look at the companies demoing live at FinovateSpring on April 26 & 27 in San Jose. Pick up your tickets today and save your spot.

GoodData will demonstrate how to leverage machine learning as part of a complete Enterprise Insights Platform to deliver prescriptive insights to users at the point-of-work.

Features

  • Boost profits and productivity via machine learning
  • Radical personalization for users at their point-of-work
  • Data enrichment as a precondition for better models

Why it’s great
GoodData’s platform is designed to seamlessly integrate into financial customers’ existing systems and applications, dramatically enhancing and automating decision making processes for business users.Screen Shot 2017-04-17 at 2.50.07 PM

Presenters

Bill Creekbaum, VP of Products
Creekbaum has been in product management and product marketing for nearly 20 years and for the past 10 has been focused on successfully delivering SaaS and Cloud Applications to the market.
LinkedIn

Screen Shot 2017-04-17 at 2.50.21 PMGrant Salisbury, Head of Sales Engineering
As Head of Sales Engineering, Salisbury helps global companies create collaborative data products and smart business applications that drive innovation across their business ecosystems.
LinkedIn

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This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

FinDEVr APIntelligence

FDNY17-Logo-RevFinDEVr New York will be here in less than one week! Check out company features and take a look at the previews from upcoming presentations. And of course, don’t forget to register today to save!

On FinDEVr.com

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Stay current on daily news from the fintech developer community! Follow FinDEVr on Twitter.

FinDEVr Preview: GoodData

FinDEVr PreviewsFDNY17-Logo-Rev highlight companies presenting new developer tools, platforms, and integrations at FinDEVr New York 2017, March 21 & 22. Tickets are on sale now. Visit our registration page and save your spot today.

GoodData will demonstrate how to leverage the latent data of financial services organizations and turn it into actionable insights delivered to thousands of business users at their point-of-work. Specifically, embedding machine learning-augmented insights of business users’ transactional systems, ensuring they have the best guidance available.

Screen Shot 2017-03-15 at 8.35.50 AM

Why it’s a must-see:

Understand how the delivery of actionable insights to business users at their point-of-work helps them improve the quality, efficiency, and profitability of each decision they make every day of the year. These better daily business decisions will result in your company’s growth, customer satisfaction, and competitive differentiation.


Check out more previews of upcoming FinDEVr New York 2017 presentations and don’t forget to register before it’s too late.

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This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.