Ontario’s Workplace Safety and Insurance Board (WSIB), a leading workplace compensation board, and Guidewire Software, Inc. (NYSE: GWRE), a provider of flexible core system software to Property/Casualty insurers, today announced that the WSIB has selected Guidewire InsuranceSuite™ as its new platform for rating, underwriting and policy administration (account management), claims management, and billing. Guidewire PartnerConnect™ alliance member, Deloitte Inc., has been selected to lead the implementation project, with the WSIB and Guidewire working in close collaboration.
The WSIB is replacing its internally built systems to gain flexibility and allow it to respond more quickly to business changes, including meeting the demands of a distributed mobile environment. InsuranceSuite will also help the WSIB to transform its business processes and offer electronic services that cover the entire insurance lifecycle to its staff and customers.
“We are looking forward to the enhanced customer service capabilities that InsuranceSuite will bring,” said John Hill, chief information officer and vice president, Transformation, WSIB. “We are excited to give our customers a 360 degree view of their relationship with us as well as more flexibility around how they choose to interact with us whether that be in a mobile or traditional browser-based environment.”
InsuranceSuite will enable the WSIB to:
Increase customer service levels by offering options that best suit customer communications preferences;
More easily and quickly implement system changes;
Reduce the cost of processing claims and managing accounts by leveraging a common skill set and configuration tools; and
Leverage a modern platform to consolidate and standardize claims, account management, and billing systems and handling processes while enabling significant process efficiencies.
“We are pleased to welcome the WSIB to the Guidewire family as an InsuranceSuite customer,” said Steve Sherry, vice president, The Americas, Guidewire Software. “We admire their dedication to transforming their core systems and business processes in order to best serve their customers, and we look forward to working with them on this project.”
Guidewire InsuranceSuite powers the mission-critical operations of property/casualty insurers competing in today’s market. The suite was designed using a modular approach, enabling insurers to select individual applications -- Guidewire PolicyCenter®, Guidewire BillingCenter®, and Guidewire ClaimCenter® -- or a pre-integrated set, driven by their requirements and priorities. InsuranceSuite provides the flexibility insurers need to deliver insurance the way they want to, by rapidly delivering better products and service to their policyholders and agents, while improving underwriting discipline and lowering operational costs.
About Guidewire Software
Guidewire is the platform P&C insurers trust to engage, innovate, and grow efficiently. We combine digital, core, analytics, and machine learning to deliver our platform as a cloud service. More than 540 insurers in 40 countries, 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 1,600+ 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.
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