Guidewire Software, Inc. (NYSE: GWRE), a provider of software products to Property/Casualty (P/C) insurers, today announced the availability of Guidewire DataHub™ 8 and Guidewire InfoCenter™ 8, the latest releases of Guidewire’s data management and business intelligence (BI) products for P/C insurers. Together, DataHub and InfoCenter help P/C insurers accelerate legacy system replacement; capture the value and insight unlocked through core system transformation, and support enterprise-wide data management and BI strategies.
This release improves time to market for customers by expanding data models available out of the box and by enhancing the underlying platform. For example, InfoCenter data marts are now pre-integrated with IBM® Cognos® Business Intelligence through Framework Manager Models and sample reports for multiple subject areas including financial, operational, and cross-functional performance metrics. DataHub and InfoCenter now include global support and ETL pre-integration with InsuranceSuite 7 and 8.
To date, more than 15 insurers have selected and benefited from this data management and BI solution.
“We see DataHub and InfoCenter as strategic investments for both Guidewire and American Modern,” said Bill Gottsacker, Vice President, Application Development, American Modern Insurance Group. “By purchasing a full end-to-end suite of products from one vendor, we simplify our architecture and ensure alignment between InsuranceSuite and our enterprise data warehouse.”
“Data repositories and warehouses are key components in the overall architecture for insurers today. Integration via a master data hub is becoming more common, and can allow the insurer to share data across legacy and strategic systems, and gain a consolidated view of the enterprise in one effort,” said Martina Conlon, principle, Novarica. “Adding in robust business intelligence capabilities empowers the insurer to manage performance and make better decisions. Mature, P/C insurance data models with pre-integrations to insurance core systems can provide big benefits in the way of reduced risk, increased quality and accelerated implementation.”
“We are pleased that the specialized P/C data expertise and assets Guidewire acquired with Millbrook have allowed us to quickly release additional capabilities so soon after our initial launch of these products this past June,” said Neil Betteridge, vice president, Strategy at Guidewire. “We are committed to helping insurers leverage data through insights gained from easier access to richer, higher quality information.”
Guidewire DataHub™ is an operational data store that unifies, standardizes, and stores data from the typical patchwork of an insurer’s systems as well as from external sources. This provides the single source of truth to feed core systems, business intelligence solutions, and downstream systems such as general ledger, regulatory, and tax reporting. DataHub decouples data consumption from data production, thus insulating downstream data consumers from changes in the behavior and configuration of upstream data producers. With DataHub, insurers can more easily retire legacy systems, ensure business continuity during core system transformation, and add new applications in the future.
Guidewire InfoCenter™ is a business intelligence warehouse optimized for the Property/Casualty industry to provide information in easy to use formats for business intelligence, analysis, and enhanced decision making. Pre-integration with Guidewire products significantly reduces implementation time, risk and maintenance overhead, allowing customers to focus on configuration for their unique needs. InfoCenter is pre-integrated with IBM® Cognos® Business Intelligence and is compatible with other industry-standard BI tools.
DataHub and InfoCenter are based on Millbrook data models and products which have been optimized and proven over 16 years in the P/C industry. Guidewire DataHub and Guidewire InfoCenter are immediately available to any P/C insurer either integrated with Guidewire PolicyCenter® or Guidewire ClaimCenter® or stand-alone within non-Guidewire core system environments.
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.