First Chicago Insurance Company (FCIC), a Property and Casualty (P&C) company, United Security Health and Casualty Company (USH&C), a health and casualty company, and Guidewire Software, Inc. (NYSE: GWRE), provider of the industry platform P&C insurers rely upon, today announced that FCIC and USH&C have selected Guidewire InsuranceNow to increase business agility and enhance operational efficiencies. The companies plan to begin implementing InsuranceNow’s All-in-One functionality for their non-standard auto line of business, followed by their preferred auto, general liability, taxi, and commercial auto lines of business.
“We selected InsuranceNow because we needed a comprehensive, highly configurable, user-friendly, and affordable system that could not only handle expansion, but also increase efficiency and productivity for our core business functions and workflows. InsuranceNow met or exceeded all of the performance and implementation timeline criteria we were looking for,” said James Hallberg, Chief Executive Officer, Warrior Invictus Holding Company, parent company of FCIC and USH&C. “Increasing our technological agility will allow FCIC and USH&C to enter new states and introduce new rates and products to the market with greater efficiency. This strategic investment allows us to pursue an ambitious business model without having to dramatically increase our workforce.”
Hallberg added, “The cloud and All-in-One aspects of InsuranceNow were critical to our decision-making. Its superior cloud architecture has a holistic, uniform approach of methods across modules, offering a faster, more seamless transition and straightforward maintenance moving forward. This will enable us to reorganize our workflow structure to free up resources and streamline productivity. The integration of an All-in-One solution is invaluable, as it provides a single application to handle all of our core operations, while offering data integrity and a strategy to deliver on modern APIs.”
Steve Sherry, Chief Sales Officer, Guidewire Software, remarked, “We are pleased to welcome First Chicago Insurance Company and United Security Health and Casualty Company to the Guidewire customer community. We admire the companies’ commitment to consistently exceeding customer expectations through exceptional service, innovative marketing, competitive products and new programs, and leading-edge automation, and look forward to beginning our work together.”
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