Case Study: Velocity Risk Underwriters achieves greater profitability and agility with Guidewire

Velocity Risk Underwriters - Customer Case Study

Velocity Risk Underwriters, a managing general agent focused on specialty insurance, was looking for a more agile way to manage pricing and product changes as it grew. Using Guidewire’s InsuranceNow platform, the company needed a solution that could support rapid rate updates across multiple products and improve the speed and accuracy of quoting and underwriting.

Guidewire implemented InsuranceNow to streamline operations and accelerate change delivery. The results were significant: product changes now go live in days instead of months, Velocity can update rates across 11 products and thousands of rates quickly, and the company reported doubling profitability over two years. Guidewire also helped improve the agent experience with easier quoting, endorsements, and cancellations, while positioning Velocity for expansion into additional market segments.

Velocity Risk Underwriters

Chris Gundersen

Chief Technology Officer