United Fire Group, Inc. (UFG) (Nasdaq: UFCS), a nationally-recognized Property and Casualty (P&C) insurer, and Guidewire Software, Inc. (NYSE: GWRE), a provider of software products to P&C insurers, today announced that UFG has selected Guidewire Core and Data products to modernize its systems and transform the way it does business. Guidewire PartnerConnect™ Consulting Premier member, PwC US, is the system integrator selected by UFG.
UFG has selected Guidewire PolicyCenter®, BillingCenter, Rating Management, and Reinsurance Management as its policy administration, underwriting, rating, reinsurance, and billing management platform. The company also selected Guidewire DataHub™ and InfoCenter as its data management and analytics solution, and Smart Communications™ for customer communications management. Guidewire is a reseller of Smart Communications, a Guidewire PartnerConnect™ Solution and Ready for Guidewire program member.
UFG sought a vendor with a strong track record of successful insurance platform implementation projects. Guidewire products will allow UFG to issue policies more efficiently, improve underwriter decision making, provide greater data accessibility and, most importantly, enhance the ease of doing business for agents.
“We are taking a proactive approach to modernize our systems and create the opportunity for transformational change,” said Mike Wilkins, executive vice president and chief operating officer, UFG. “The goal is to build a platform that enhances our processing capabilities and creates a central data structure to guide strategic decision making.”
The Guidewire Core and Data products will enable UFG to:
Enhance operational efficiencies, enterprise agility and employee productivity to transform its business processes;
Optimize the agent experience through ease of use and productivity enhancements;
Empower underwriters to increase focus on agent relationships through more automated system processing; and
Advance enterprise analytics capabilities and provide superior business intelligence to enhance underwriting decision making.
“We are honored that UFG has entrusted us with their Guidewire Core and Data implementations,” said Imran Ilyas, Principal, PwC. “We are proud to be supporting UFG’s program to better meet the needs of their agents and policyholders in a rapidly changing insurance marketplace.”
“We are pleased to welcome UFG to the Guidewire community,” said Steve Sherry, chief sales officer, Guidewire Software. “We applaud UFG’s dedication to protecting people and earning their trust and are looking forward to helping the company meet its business objectives.”
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