Press Release

PURE High Net Worth Insurance in Production with Guidewire ClaimCenter

High Net Worth Insurer Implements Guidewire ClaimCenter® to Provide Superior Claims Service and Provide Foundation for Growth

WHITE PLAINS, N.Y. and SAN MATEO, Calif., May 17, 2007

PURE High Net Worth Insurance (PURE), a provider of property and casualty insurance products that address the unique exposure needs of High Net Worth individuals and families, and Guidewire Software® (Guidewire®), a leading provider of solutions to property and casualty insurers, today announced that PURE has deployed Guidewire's industry leading ClaimCenter system. Guidewire ClaimCenter will support the end-to-end claims process for all of PURE's lines of business, including high value homeowner's insurance, private fleet automobile, personal excess liability and jewelry & art.

PURE's mission is to be the premier provider of high net worth insurance products and services, and the company is committed to delivering this promise with uncompromising quality, integrity and value. To deliver on this commitment requires a proven claims system; PURE has implemented Guidewire ClaimCenter.

"Guidewire impressed us with a modern system that is easy to use, reliable, and flexible to best serve the needs of our members," explained Bob Khosropur, PURE's vice president, of Claims. "Guidewire had us up and running in just six months from our decision to move forward; we were in production even before we received our first claim."

With ClaimCenter, PURE's claims department gains a modern technology foundation enabling them to proactively address the marketplace through the use of business rules designed to control claims adjusting processes and reduce leakage while enabling the superior levels of customer service that PURE demands of their claims organization.

"The system needed to be solid, quick to implement, and not tied to a single technology platform. Guidewire provides an innovative design with incredible flexibility to change the user interface, business rules, and even the underlying data model in minutes. This promises to save us time and money in adapting to our growing business requirements," stated Mark Hill, PURE's senior vice president of Technology and Process.

ClaimCenter is a leading end-to-end claims system for property & casualty insurance. ClaimCenter's flexible business rules enable claims organizations to optimize and monitor the claim process. Claims executives can define, enforce, and continually refine their preferred claim handling practices. In addition, a modern technology architecture, providing 100% Web client, and Web services interface enable lower total cost of ownership in any environment.

"PURE is a dynamic company that clearly understands the sustainable benefits of a flexible and modern claims system, one that will grow with them as they penetrate the market," said Jeff Simpson, chairman and chief executive officer, Guidewire Software. "We are very pleased that they chose to deploy Guidewire."

About Guidewire Software

Guidewire is the platform P&C insurers trust to engage, innovate, and grow efficiently. ​We combine digital, core, analytics, and AI to deliver our platform as a cloud service. More than 400 insurers, from new ventures to the largest and most complex in the world, run on Guidewire.

As a partner to our customers, we continually evolve to enable their success. We are proud of our unparalleled implementation track record, with 1,000+ successful projects, supported by the largest R&D team and partner ecosystem in the industry. Our marketplace provides hundreds of applications that accelerate integration, localization, and innovation.

For more information, please visit www.guidewire.com and follow us on Twitter: @Guidewire_PandC.

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