Cyence is a software company that applies data science and risk analytics to enable P&C insurers to grow by underwriting "21st century risks" such as cyber, reputation, and new forms of business interruption risk that have gone underinsured or uninsured. Its data listening and risk analytics solution combines internet-scale collection and curation of external data with machine learning and risk modeling.
Why it was attractive
- 01 Internet-scale data listening and machine-learning risk models extend Guidewire's analytics into fast-growing cyber and emerging-risk lines that traditional underwriting data cannot price
Capabilities acquired
data listeningcyber risk analyticsmachine learning risk modelingproduct management/actuarial/underwriting and enterprise risk management support
Cyence is an exceptional technology company that, like Guidewire, focuses on serving the strategic needs of the P&C industry. While Guidewire has focused on core operations, data management, and digital engagement, Cyence applies expertise in data science and machine learning to the modeling needs of insurance product design, pricing, and underwriting.