Baloise, the Swiss-headquartered insurance company, has extended its long-standing relationship with Guidewire (NYSE: GWRE) by choosing to migrate Guidewire PolicyCenter, Guidewire BillingCenter, and Guidewire ClaimCenter from an on-premises environment to Guidewire Cloud to power continuous insurance innovation, enhance value and increase business agility in its operations in Germany and Switzerland.
Baloise, which employs more than 8,000 people at its headquarters in Basel (Switzerland) and across its subsidiaries, prides itself on providing innovative insurance solutions to individuals, small and medium-sized firms, and select industrial enterprises. For the past 10 years, Baloise has partnered with Guidewire to transform its core technology platform to keep pace with changing customer and broker demands, ensuring it can offer more flexible insurance products and services.
“Following many years of a successful partnership, moving our Guidewire suite of products to Guidewire Cloud is the natural evolution of our relationship,” said a Baloise spokesperson. “The shared responsibility model of Guidewire Cloud, shifting responsibility for maintenance and updates to Guidewire, paired with automated and frequent platform releases, enables us to focus on innovation and modernisation and provides us with constant future technical currency."
Baloise will be the latest insurer to migrate to Guidewire Cloud Platform (GWCP). It combines resilient, trusted infrastructure with modular and interconnected cloud services to enhance and extend the power of an insurer’s core applications. Guidewire's latest cloud release, Las Leñas, includes several additional capabilities, including new risk-scoring tools for underwriters and actuaries, as well as an autopilot workflow service for PolicyCenter.
Will McAllister, senior vice president and managing director of EMEA at Guidewire, said: “We are honored that Baloise has committed to deepening our decade long relationship, by moving to adopt Guidewire Cloud Platform. We appreciate that Baloise trusts GWCP to help them meet evolving customer expectations, be agile in the market, and innovate to meet dynamic market requirements. This announcement is further evidence of the trust which insurers in EMEA, and across the globe, are placing in Guidewire and our cloud platform.”
About Baloise
The focus is firmly on the future at Baloise. We aim to make tomorrow more straightforward, safer and more carefree for our customers, and we are taking responsibility for this today. Baloise is more than just a traditional insurance company.
Through our smart finance and insurance solutions, we offer a complete service package. Dependable support, reliable cooperation and trust-based relationships are key aspects of our stakeholder interaction. We take care of financial matters so that our customers can concentrate on the important things in their lives and can find inspiration in the everyday.
Baloise, a European company founded more than 160 years ago, currently employs 8,000 people at its headquarters in Basel (Switzerland) and across its subsidiaries in Belgium, Germany and Luxembourg. Our services generated a business volume of around CHF 8.6 billion in 2023. Baloise Holding Ltd shares (BALN) are listed on the SIX Swiss Exchange.
About Guidewire Software
Guidewire is the platform P&C insurers trust to engage, innovate, and grow efficiently. More than 570 insurers in 42 countries, from new ventures to the largest and most complex in the world, rely on Guidewire products. With core systems leveraging data and analytics, digital, and artificial intelligence, Guidewire defines cloud platform excellence for P&C insurers.
We are proud of our unparalleled implementation record, with 1,700+ successful projects supported by the industry’s largest R&D team and SI partner ecosystem. Our marketplace represents the largest solution partner community in P&C, where customers can access hundreds of applications to accelerate integration, localization, and innovation.
For more information, please visit www.guidewire.com and follow us on X (formerly known as Twitter) and LinkedIn.
Contact:Simon Coughlin
Senior Manager, Public Relations - EMEA
Guidewire Software, Inc.
+44 7436 002 058
scoughlin@guidewire.com
Moritz Brengel
Allison
+49(0)15121028997
guidewireGER@allisonpr.com
NOTE: For information about Guidewire’s trademarks, visit https://www.guidewire.com/legal-notices.