Federated Insurance

Product: Add-on Modules, PolicyCenter
Line of Business: Commercial
Region: Americas

Founded in 1904, Federated Insurance is a national insurance and risk management organization that serves the property, casualty, and life insurance needs of clients in select industries. The organization has more than 500 recommendations from state, regional, and national associations and buying groups and is rated A+ (Superior) by industry analyst A.M. Best® Company. At Federated Insurance, It’s Our Business to Protect Yours.® For more information, please visit https://www.federatedinsurance.com/.

Federated selected Guidewire PolicyCenter and Guidewire Rating Management as its new underwriting, policy administration, and rating management systems to help modernize and transform the way it operates across its commercial lines of business. The company sought to increase its flexibility and take advantage of the real-time functionality and built-in best practices of the Guidewire systems. The company will begin implementing PolicyCenter for its workers’ compensation line of business, followed by its commercial package policy (CPP) and business owners policy (BOP) lines of business. PolicyCenter will eventually be implemented across all commercial lines of business in the 48 states where Federated operates.

Guidewire’s product maturity, market share, and track record of successful implementations were important factors in our decision-making process. We are confident that our strategic relationship will help Federated continue providing dependable insurance coverage to our commercial policyholders.
Jeff Fetters, Chairman of the Board and Chief Executive Officer, Federated Insurance
From a technical perspective, we’re excited at the prospect of having a modern policy administration system in place, giving us the potential for a vast number of technical and business benefits through our use of the product and relationship with Guidewire in general.
Brian Carlson, Information System Manager, Application Development & Support, Federated Insurance

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