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Journey to the Top: The Rise of Guidewire with President Priscilla Hung
Manage episode 367418317 series 3488617
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In this episode, host Peter Colis welcomes Priscilla Hung, President and COO of Guidewire. Priscilla shares her journey from the tech world to a leadership role in the insurance industry. She discusses Guidewire's transformation from a startup to a dominant provider of core admin systems for property and casualty insurance carriers and the company's transition from mainframes to on-prem systems and the cloud. Additionally, she shares her insights on the rapid implementation of AI and IoT, strategies for maximizing the efficiency of enterprise sales cycles and attracting and retaining top talent in the industry.
Guidewire is a leading provider of core administrative systems to property and casualty insurance carriers. With a background in engineering, Hung has held various roles throughout her 18-year tenure at Guidewire, helping the company transform from a startup to an industry leader. Prior to joining Guidewire, Hung worked at Oracle and Sun Microsystems.
The What’s Your Ethos podcast is brought to you by Ethos Insurance and is hosted by Ethos CEO Peter Colis. In each episode, Peter sits down with some of the life insurance industry’s biggest movers and shakers. You’ll hear them talk through their biggest breakthroughs, business insights, and leadership challenges — and get to know them on a more personal level.
Founded in 2016, Ethos is a technology company providing access to instant, accessible life insurance online. Ethos’ mission is to help millions protect their families with access to simple, affordable life insurance. The company has redesigned the application process from start to finish to ensure the customer always comes first. Ethos offers flexible coverage options, access to valuable online tools, and a team of licensed agents ready to help you through it all. Ethos always puts the customer first.
Discussion points:
- Priscilla Hung's journey from Oracle to Guidewire leadership.
- Guidewire's transformation from startup to industry leader
- Challenges in transitioning from mainframes to cloud systems
- Rapid implementation of AI and IoT in insurance
- Maximizing efficiency of enterprise sales cycles
- Attracting and retaining top talent in the industry
- Mobile devices and augmented reality for customer engagement
- Explosive growth of IoT and telematic devices
- Dynamic pricing for policyholders through technology
- Differences between P&C and life insurance markets
- Personal growth, vacations, and work-life balance
- Guidewire's focus on P&C insurance market
- Transitioning insurance carriers from on-prem to cloud
- Guidewire's core system products for P&C carriers
- Emerging technology trends transforming the insurance landscape
- Advice on leadership and management
Resources:
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