EcoClaim Named to Guidewire Insurtech Vanguards Program

Core Insights - EcoClaim has joined Guidewire's Insurtech Vanguards program, aimed at helping insurers leverage innovative Insurtech solutions for climate action [1][3] - The program will enhance EcoClaim's global presence and assist insurance clients in managing and reducing Scope 3 emissions, which are indirect greenhouse gas emissions within a company's value chain [2][5] - EcoClaim's technology allows for precise tracking of emissions data and facilitates secure data exchange in the insurance supply chain, ultimately reducing property claims costs [5][6] Company Overview - EcoClaim transforms insurance claims into climate action through its platform, which includes GHG management software and a Carbon Exchange marketplace tailored for property and casualty insurers [6] - The platform replaces generic emissions benchmarks with precise claim-level data, enabling effective measurement and management of Scope 3 emissions [6] - EcoClaim's solutions not only enhance sustainability disclosures but also demonstrate that low-carbon approaches can be cost-efficient [6] Industry Context - The Insurtech Vanguards program is a community of startups and technology providers that offer innovative solutions to the property and casualty insurance industry [3] - Guidewire provides strategic guidance and advocacy for participating Insurtechs, connecting them with its P&C customers to drive innovation [3][4] - The program aims to showcase innovators like EcoClaim that deliver real value to insurers, promoting operational efficiency and compliance with climate-related reporting [4]