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BearingPoint Completes Implementation of Guidewire Claims System for CompWest Insurance Company

BearingPoint Completes Implementation of Guidewire Claims System for CompWest Insurance Company

Leading specialist insurance and reinsurance company adopts state of the art claims management technology
McLEAN Va., May 28, 2008

BearingPoint, Inc. (NYSE: BE), one of the world’s largest management and technology consulting firms, and Guidewire Software®, a leading global provider of solutions to property and casualty and workers' compensation insurers, today announced that they have completed the seven-month implementation of a new claims system for CompWest Insurance Company, a San Francisco-based provider of workers’ compensation insurance serving the Western United States.

The BearingPoint team, working with Guidewire, leveraged its tested, proprietary delivery framework templates and project accelerators to deliver the ClaimCenter project on time. BearingPoint implemented Guidewire ClaimCenter®, a 100% Web-based claims system, to enable CompWest to better manage costs and drive efficiencies associated with claims handling and processing. The system will allow CompWest to expand adjusting capabilities, maximize operational efficiency, improve overall cost-effectiveness and focus on the care of injured workers. In addition, BearingPoint will host the ClaimCenter application, enabling more efficient maintenance of the solution

“We are very happy with the success of the ClaimCenter implementation,” said Mike Knibbs, Director of Information Technology at CompWest. “Our users are very pleased with the new system, and the new capabilities it provides.

“This implementation was a notable success for CompWest, Guidewire, and BearingPoint,” said Russ Riggen, managing director at BearingPoint. “This Guidewire implementation project is the first led by a management and technology consulting firm to go into production. The project was fully completed in seven months.”

“BearingPoint is a valued Guidewire systems integrator. It is through their dedication and expertise, and our joint collaboration, that CompWest is today enjoying its new claims system,” said Priscilla Hung, vice president, alliances and corporate development, Guidewire Software. “We congratulate BearingPoint and CompWest on their successful ClaimCenter implementation.”

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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