Guidewire Software, a software provider for the insurance industry has acquired EagleEye Analytics. Terms of the deal weren't disclosed. EagleEye provides predictive tools for property and casualty insurers.
According to Guidewire, a key company in the industry cloud landscape, EagleEye will allow it to build out its data and analytics products. With EagleEye, soon to be renamed Guidewire Predictive Analytics, the company will offer software to make claims decisions, spot litigation issues and route and assign them. Another service will provide analytics to maximize profitability and offer tools to improve ratemaking, risk selection and underwriting. The goal for the profitability tools is to maximize customer lifetime value and an insurer's portfolio.