Germania Insurance, a Texas Property/Casualty (P/C) insurer, and Guidewire Software, Inc. (NYSE: GWRE), a provider of software products to P/C insurers, today announced that Germania Insurance has selected Guidewire InsuranceSuite™ as its new platform for the management of underwriting, policy administration, claims, billing, rating, client data, and reinsurance. The company has also selected Guidewire InfoCenter and DataHub as its data management and business intelligence solutions.
Germania selected InsuranceSuite as part of an organization-wide transformation initiative to support the company’s vision. Updating its existing systems will help Germania sharpen its competitive edge and provide a better overall experience for agents, employees, and policyholders.
Germania will be deploying InsuranceSuite in three phases. Guidewire ClaimCenter® and InfoCenter represent the first phase of implementation. BillingCenter and PolicyCenter will be deployed next, and Germania’s Commercial General Liability and Business Auto Lines will conclude the implementation.
“Implementation of the Guidewire system will have a significant positive impact due to increased functionality and an improved overall experience, said Gary Weiss, first vice president, Germania Insurance. Germania will be able to more effectively meet our customers’ needs.”
“From the very beginning, we were looking for a full product suite to transform our business,” said Blake Lovelace, second vice president, Germania Insurance. “There are a number of factors that appealed to us regarding Guidewire and InsuranceSuite. We were impressed with the strength of Guidewire’s overall technology architecture as well as InsuranceSuite’s functionality. Also, we have confidence in Guidewire based on their implementation record of success and their strong reputation.”
InsuranceSuite will enable Germania Insurance to:
Enhance the experience of its customers;
Increase speed-to-market of new product development and offerings; and
Reduce technology risks and associated costs.
“We are pleased that Germania Insurance has chosen Guidewire InsuranceSuite to transform their business,” said Steve Sherry, group vice president, Americas Sales. “We look forward to working with Germania to successfully implement the platform, helping them to achieve their business objectives, and deliver high levels of customer service.”
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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