Enhancing Submission Quality and Underwriting Confidence with MyChoice: A Guidewire Insurtech Vanguards Program Participant
MyChoice, a Canadian insurtech company, has recently joined the Guidewire Insurtech Vanguards program, which is led by Guidewire, a property and casualty cloud platform provider. The program aims to help insurers learn about the latest insurtech solutions and how to effectively utilize them. MyChoice focuses on improving submission quality and underwriting confidence in the broker and carrier channels by reconciling risk data against source-of-truth signals to provide accurate information to underwriters.
The company's CEO and Co-Founder, Aren Mirzaian, highlighted the importance of ensuring that submissions are reliable and accurate to avoid time and margin losses for brokers and carriers. By joining the Guidewire Insurtech Vanguards program, MyChoice aims to assist carriers using Guidewire PolicyCenter in enhancing profitability, submission trust, reducing premium leakage, and speeding up the binding process without disrupting broker quoting.
Insurtech Vanguards is a community of startups and technology providers offering innovative solutions to the property and casualty industry. Guidewire provides strategic guidance and connects these insurtechs with its P&C customer community to drive measurable outcomes across the value chain. MyChoice's approach focuses on delivering explainable outcomes with reason codes, confidence indicators, evidence completeness status, and standardized underwriting notes to support clean submissions and faster resolution of exceptions for underwriters and operations teams.
MyChoice, based in Toronto, is dedicated to helping brokers and carriers enhance submission quality and underwriting confidence. The company's solutions aim to improve operational efficiency, accelerate binding, and assist in improving carrier loss ratios without disrupting existing quoting workflows or core systems.