Guidewire backs Shift Technology

Shift Technology , an AI-based platform for fraud detection, announced that  Guidewire has made an investment extending the company’s recent Series D funding event. This strategic investment is intended to support ongoing technology innovation and go-to-market acceleration.

“Shift is well known in the industry for its leadership in fraud detection and its innovative use of artificial intelligence to help insurance professionals make the best possible decisions across the underwriting and claims processes. By investing in Shift, we are helping to fuel that innovation engine to the benefit of our joint customers and the insurance industry in general.” – Mike Chen, vice president, Corporate Development and Ventures, Guidewire.

Shift officially joined the Guidewire PartnerConnect program as a Solution partner in 2019 and in early 2020 published the Shift Claims Fraud Detection Add-on for ClaimCenter in the Guidewire Marketplace. This integration between Shift and Guidewire makes it possible for insurance professionals to receive real-time alerts in their ClaimCenter environment, helping them make claims decisions as quickly, accurately and fairly as possible.