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SOV Wizard joins Guidewire Insurtech Vanguards program

Updated: Jan 31

Alpharetta, Georgia, March 14, 2023 – Wizard Analytics, a data solutions company determined to eliminate the many redundancies and information silos currently plaguing the insurance industry, announced that the company has joined Guidewire’s Insurtech Vanguards program, an initiative led by property and casualty (P&C) cloud platform provider, Guidewire (NYSE: GWRE), to help insurers learn about the newest insurtechs and how to best leverage them.

“We're thrilled to have been selected to participate in Guidewire's prestigious Insurtech Vanguards program within our first year of operations. Our inclusion in this elite program validates that we're on the right track with our game-changing product, SOV Wizard, an Excel-native SOV (Statement Of Values) scrubbing tool powered by state-of-the-art machine learning (ML) and artificial intelligence (AI) capabilities. It eliminates the data risk inherent in P&C insurance by addressing data flaws at the SOV stage itself, thus ensuring that errors don't get magnified as the data moves up the chain.

SOV Wizard enables users to accurately clean complex SOVs in seconds, while offering them complete control over their data, all without ever leaving Excel. Its sophisticated ML algorithms enable users to harmonize, augment, map, and visualize all their SOV data at the click of a button, improving cost efficiency and productivity levels for insurance stakeholders across the board. Unlike other solutions that require importing or transcribing data to/from different programs/formats, SOV Wizard is an Excel-native solution that grants users accuracy while cleaning SOVs quickly, allowing them to analyze and predict risk accurately while the Wizard algorithms take on the mundane tedium of completing and restructuring semi-structured data.

Insurtech Vanguards is a community of select startups and technology providers that are bringing novel solutions to the P&C industry. As part of the program, Guidewire provides strategic guidance to and advocates for the participating insurtechs, while connecting them with Guidewire’s P&C customers.

"We are thrilled to welcome Wizard Analytics to Guidewire Insurtech Vanguards," said Laura Drabik, Chief Evangelist, Guidewire. "With Wizard Analytics' visualization tools, insurers can transform the SOV cleaning process, gain meaningful insights and make data-driven decisions to become more productive and profitable."

About Wizard Analytics

Wizard Analytics is a leading provider of innovative and practical solutions that reduce data management efforts and costs while seamlessly fitting into businesses of all scales. Their flagship product, SOV Wizard, is a revolutionary SOV scrubber that combines the power of MS Excel with cutting-edge machine learning and artificial intelligence algorithms to enable transparent, accurate, and instant SOV cleaning without ever leaving Excel.

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