Catlin Group (Catlin), a global specialty Property/Casualty (P/C) insurer and reinsurer, and Guidewire Software, Inc. (NYSE: GWRE), a provider of software products to P/C insurers, today announced that Catlin has selected Guidewire InsuranceSuite™ as its new platform for rating, underwriting and policy administration, claims management, and billing.
As part of its initiative to grow its business in the US, Catlin decided it needed to replace its core systems with best-of-breed solutions to help it reach its goals for growth. The company sought a solution that could handle its complex specialty lines and give it a way to enter new markets, while supporting 20 offices across the US. Catlin plans to implement the full suite simultaneously by line of business in a phased approach.
“We were impressed with each solution from Guidewire – ClaimCenter, PolicyCenter, and BillingCenter – as well as the overall enterprise capabilities that Guidewire InsuranceSuite exhibited throughout the selection process,” said Steve Naish, Technology Solutions, Catlin Group. “From the automation opportunities to the rich source data for decision making, InsuranceSuite included a toolset that we felt could help us continue to profitably grow our business.”
InsuranceSuite will enable Catlin to:
Increase its agility to act on opportunities to expand its product portfolio;
Strengthen underwriting consistency and controls while getting new underwriting units up and running quickly;
Enhance operational efficiency through automation across underwriting, policy administration, billing, and claims management processes; and
Improve data analytics and real-time reporting capabilities.
“We are honored to welcome Catlin Group to the Guidewire family,” said Steve Sherry, vice president, The Americas, Guidewire Software. “We are pleased that they selected Guidewire and InsuranceSuite to help them take their business into the future, and we are looking forward to going on this journey with them.”
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 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.