Sync Technologies Joins Guidewire Insurtech Vanguards Program

Sydney, Australia, April 5, 2024‍

Sync Technologies (Aust) Pty Ltd, an innovative visual-first solution provider aiming to streamline claims servicing, underwriting, and insurance contractor management processes within the building insurance sector, announced that the company has joined Guidewire’s Insurtech Vanguards program. This initiative is 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.

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"We're excited to join the Insurtech Vanguard program as it offers a unique opportunity for collaboration and innovation in the industry. Being part of this program means access to valuable insights and resources, further accelerating our growth. Our focus is on helping insurers tackle key challenges, leveraging our technologies to streamline operations. We look forward to contributing practical solutions that add real value to the industry and solidify our role as a leader in the Australian Insurtech Market," said CEO and Co-Founder Carolina Dreifuss.

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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.

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“Welcoming Sync Technologies Australia into the Insurtech Vanguard program comes at a key time when many P&C customers are dealing with the conclusions of a recent Parliamentary Inquiry into the industry’s claims handling of the 2022 floods, the costliest insured catastrophe in Australia’s history,” said Guidewire Chief Evangelist Laura Drabik.

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“What makes Sync Technologies’ approach unique is how they seamlessly blend different technologies into a single solution that delivers immediate impacts in the claims process. Sync Technologies is exactly the kind of solution that Australian P&C customers need, at a time when it’s needed most.”

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Sync Technologies empowers stakeholders to inspect, assess, scope, and collaborate on buildings (internal and external), rooftops, and facades conveniently from a desktop, reducing high costs and physical risks associated with traditional inspections and surveying.
As a result, Sync Technologies has significantly reduced claims assessment times and costs, all the while, improving customer outcomes.