Guidewire Software, Inc. (NYSE: GWRE), a provider of software products to Property/Casualty (P/C) insurers, today announced that GuideOne Insurance, a leading national insurer of churches, has become the 50th insurer choosing to run its mission-critical policy administration and underwriting operations on Guidewire PolicyCenter®. GuideOne also selected Guidewire for Rating Management, Standards Based Templates and Client Data Management. GuideOne has already successfully deployed Guidewire ClaimCenter®.
“GuideOne is pleased to be the company to help Guidewire reach this milestone,” said Lee Pallardy, vice president of Commercial Lines, GuideOne. “Our decision to go with PolicyCenter for our new Commercial policy administration system was a clear choice due to Guidewire’s proven track record, as well as having already completed a successful implementation with ClaimCenter at GuideOne.”
From day one, Guidewire has been focused on enabling insurers to replace their legacy core systems and transform their business. Policy administration systems are at the heart of this transformation journey. “These systems are the most complex to build and the most critical to implement,” said Marcus Ryu, chief executive officer, Guidewire Software. “We applaud the journeys our customers are taking and we celebrate their successes. We are especially pleased to welcome GuideOne as a repeat customer and we thank them for putting their trust in Guidewire.”
“Steady customer growth speaks volumes about a technology provider’s ability to deliver business value and establish a reputation for doing so over time,” according to Karen Pauli, Research Director, CEB TowerGroup. “Repeat customers are evidence that a technology provider is a partner and can be trusted to understand and support an insurer’s business and IT goals. There is a good deal to celebrate in both instances.”
“Guidewire and PolicyCenter have come a long way since we first launched the product in 2006,” said Ken Branson, director, Product Strategy, Guidewire Software. “Our early customers deserve a lot of credit for taking a chance on an unknown product from a relatively young company, at the time.” Branson added, “We are grateful for the collaboration and support from all of our PolicyCenter customers over these past seven years. It is because of their guidance that PolicyCenter has grown into the widely adopted product that it is today.”
“We take great pride in building sustainably architected products such as PolicyCenter that enable our customers to meet their objectives,” said Jeremy Henrickson, vice president, Development, Guidewire Software. “We are humbled by the overwhelming support that we have received from our customers and value their ongoing feedback as we work to continuously enhance our products.”
Guidewire has PolicyCenter customers in nine countries (plus Puerto Rico): USA, Canada, Australia, New Zealand, Japan, Peru, UK, South Africa, and Poland. Insurers of all sizes have selected PolicyCenter, from Nationwide at the tier one level, to those at the smaller end of the scale, like emerging insurer Elephant Insurance, including all sizes and lines of business in between.
Guidewire PolicyCenter® is a flexible underwriting and policy administration system that enables Property/Casualty insurers to grow business profitably by improving efficiency, while responding with agility to market opportunities and enhancing relationships with agents and customers. Designed to support both commercial and personal lines, PolicyCenter helps insurers streamline front and back office processes, from new business submission and quoting through policy renewals. PolicyCenter is available as a standalone system or as part of Guidewire InsuranceSuite™, and can be integrated to an insurer’s existing systems and third party applications.
Guidewire was recognized as the only vendor to receive a “Strong Positive” – highest possible rating – in the Gartner MarketScope for North American Property and Casualty Insurance Policy Management Modules report.
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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