The LähiTapiola Group, Finnish mutual group of companies, and Guidewire Software, Inc. (NYSE: GWRE), provider of the industry platform general insurers rely upon, today announced that LähiTapiola is deploying Guidewire InsuranceSuite™. LähiTapiola is one of the leading Non-Life insurance companies in Finland. The InsuranceSuite implementation will support them in streamlining and rationalizing multiple, overlapping core systems as well as strengthening customer service and product delivery.
LähiTapiola is gradually replacing its current legacy systems in three phases. All Non-Life new business will be run on InsuranceSuite and existing business will be migrated, starting with its Private lines of insurance.
"Following an extensive vendor search, LähiTapiola selected Guidewire based on their strong reputation and credibility, the usability of their software, and Proof of Concept results," said Mikko Vastela, CIO, LähiTapiola. "As part of our strategic programme, and enabled through our InsuranceSuite deployment, we will have a renewed core system suite that can deliver a range of efficiencies and improvements in user experience both for internal and external users."
Guidewire InsuranceSuite is enabling LähiTapiola to:
Improve cost efficiency by harmonizing and automating operational processes;
Provide new systems functionality through modern processes and interfaces; and
Proactively deliver simpler, more flexible products to enhance customer service, and support increased acquisition and retention.
"With InsuranceSuite we will be able to provide an improved customer experience with more tailored products and services," commented Christine Dahlman, Program Director, LähiTapiola. "We will also be better positioned to respond to developing insurance needs and generate a competitive advantage for our business."
"We congratulate LähiTapiola on their initial deployment and look forward to continuing our work together," said Sheridon Glenn, vice president, Field Consulting, EMEA, Guidewire Software. "The effort to transform their core systems and offer modern products and services to their customers is in keeping with their stated corporate goals. We are honoured to contribute to this endeavour."