Guidewire Software, Inc. (NYSE: GWRE), a provider of software products to Property/Casualty (P/C) insurers, today announced that The Motorists Insurance Group (Motorists), a major P/C regional insurer, has selected Guidewire InsuranceSuite™ as its new platform for underwriting, claims management, billing, and rating and policy administration. PwC US, a Guidewire PartnerConnect™ alliance member, will team with Motorists in implementing the Guidewire solution.
Motorists sought a pre-integrated suite of products that would provide the flexibility it needed for product innovation and the functionality required to provide customized service and quality insurance solutions. By selecting InsuranceSuite, the company will streamline and improve business processes and system infrastructure, increase operational efficiencies and, more importantly, enable the innovation necessary to transform the organization.
“Complex market demands and abundant technology options have contributed to a dramatically different industry landscape and a need for significant change,” said John Kessler, senior vice president and chief information officer, Motorists. “We have an unprecedented opportunity to transform our organization.”
A successful transition to a modern technology platform and data architecture will allow Motorists to:
Improve service levels for agents and policyholders through automation, accessibility and self-service capabilities;
Improve product and pricing flexibility along with speed to market;
Promote consistent business practices and support a single, unified data model across all companies in the group; and
Enhance operational efficiencies by standardizing policy administration, billing management and claims handling processes.
“The InsuranceSuite platform will provide the flexibility to allow us to be more product centric, build analytics and power the customer experience,” said Kessler. “The enhanced knowledge management capabilities and accessibility is expected to have a significant impact on the products and services we deliver and on the responsiveness to our customers’ needs.”
“We are pleased to welcome Motorists to the Guidewire family as an InsuranceSuite customer,” said Dan Gordon, vice president, Product Strategy, Guidewire Software. “We admire Motorists’ dedication to providing its policyholders with excellent products and services, and we look forward to helping Motorists meet its current and future business objectives.”
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.