Guidewire Software® (NYSE: GWRE), a provider of software products to Property/Casualty insurers, today announced that it has been named the winner of two XCelent Awards in Celent’s North American Property & Casualty Policy Administration Solutions: 2015 ABCD Vendor View1 report. Guidewire PolicyCenter® was recognized as the top solution out of 43 policy administration systems in the Advanced Technology and Customer Base categories. Read the report excerpt here.
The XCelent Award for the best solution in the “Advanced Technology” category is based on several criteria, including the ease of system maintenance, flexibility of the data model, scalability, continuous improvements in technical performance, configurability, and ease of integration with internal and external data and systems. The XCelent Award for the leading solution in the “Customer Base” category considered the number of North American customers across various tiers and using various versions in production with the system and new client momentum in the region.
“We view Guidewire PolicyCenter as a leading policy administration solution,” said Donald Light, director of the Americas, Property/Casualty Practice, Celent and coauthor of the report. “It offers a well-designed user interface, broad functionality, and a substantial and growing customer base.”
“We are honored to receive this recognition from Celent, a well-respected analyst firm covering the P/C insurance market,” said Brian Desmond, chief marketing officer, Guidewire. “We believe technology plays a key role in helping insurers adapt and succeed, especially in times of rapid industry change. The Guidewire team is committed to continually improving our products, services and partner ecosystem to help our customers succeed in their journey.”
Guidewire PolicyCenter® is a flexible underwriting and policy administration system designed to empower Property/Casualty insurers to meet the needs of a rapidly changing industry with efficient underwriting and agile policy and product management. Designed to support both commercial and personal lines, PolicyCenter's robust functional depth enables advanced underwriting, complete policy lifecycle management — from product definitions to underwriting, quoting, binding, endorsements, and renewals, and access to the information that insurers need to deliver high-quality service profitably. Deployable on premise or in the cloud, PolicyCenter is available as a standalone system or as part of Guidewire InsuranceSuite™, and can be integrated to an insurer’s legacy systems or third party applications.
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