Guidewire Software, Inc. (NYSE: GWRE), a provider of software products to non-life insurers, (Head Office: Foster City, Calif., U.S.; Japanese Corporation: Guidewire Software Japan K.K., Head Office: Chuo-Ku, Tokyo, General Manager: Yoshinori Kuwa; hereinafter referred to as “Guidewire”) has announced today that Sompo Japan Nipponkoa Insurance Inc., the largest single non-life insurance company in Japan, (Head Office: Shinjyuku-Ku, Tokyo; President: Masaya Futamiya) will be implementing Guidewire PolicyCenter® (hereinafter referred to as “PolicyCenter”) and Guidewire Rating Management™ on new insurance underwriting operations covering 180 corporation-oriented insurance items and contract management systems for its commercial lines of business.
Realization of direct calculations at agencies, and the maintenance of data, including contract details, are significant challenges in the insurance industry especially for insurers offering commercial insurance. Increasingly core processing systems are considered from the viewpoint of their customer-oriented service qualities, restraint of clerical cost, income and expenditure administration and risk management capabilities. Sompo Japan Nipponkoa has selected PolicyCenter to help it address the ongoing industry challenges it faces. The company also selected the system for the depth and breadth of its functionality which will help streamline in-house operations and transactions with agents. Sompo Japan Nipponkoa was impressed with Guidewire’s global expertise gained through its work with insurers in over 20 countries around the world.
Mr. Osamu Fujino, general manager, Business Process Planning Department, Sompo Japan Nipponkoa, said “Because the business flow between agents, business offices, and back-office operations will become more automated, seamless sharing of information with sales agencies will become possible.”
Ian Tavener, group vice president, Guidewire Software, presiding over the Asia-Pacific region, made the following comment: “Guidewire is honored to be selected as the core policy system provider to the commercial lines business of Sompo Japan Nipponkoa, a highly respected insurer. We look forward to going on this journey with them and providing the technology that will help them adapt their business to ensure success in the rapidly-changing non-life insurance industry.”
About Sompo Japan Nipponkoa Insurance Inc.
For detailed information about the company, please visit: http://www.sjnk.co.jp/english/company/.
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.