Guidewire Software, Inc. (NYSE: GWRE), provider of the industry platform Property and Casualty (P&C) insurers rely upon, today announced that Guidewire InsuranceSuite™ has been recognized as a Leader in Gartner, Inc.'s “Magic Quadrant for P&C Core Platforms, North America1.” InsuranceSuite comprises essential core systems based on a common technology platform covering the P&C insurance lifecycle including underwriting, policy, billing, and claims management. It was positioned highest on the ability to execute axis and furthest on the completeness of vision axis in the report. The report can be viewed here.
“While many vendors are playing to specific strengths, market leaders are expanding the scope of their capabilities with a growing emphasis on broader ecosystems with partners accessible through prebuilt integration in an app-store-like venue. As the number of ecosystem partners grows, this promises customers quicker access to a range of new capabilities (including insurtechs and emerging technologies) along with simpler ongoing maintenance of these relationships,” wrote Jeff Haner, research director, Insurance, Gartner and author of the report.
“We are honored that InsuranceSuite has been named a Leader by Gartner in its Magic Quadrant for P&C Core Platforms, North America, for the second consecutive year,” said Brian Vannoni, principal business owner, Core, Guidewire Software. “We believe this recognition is a testament to the work we are doing to help our customers adapt and succeed in a time of rapid change. We are deeply committed to our customers’ success and thank them for entrusting us to enable them to run, differentiate, and grow their business.”
The report evaluates 15 vendor solutions in the P&C core platform market that have qualified for inclusion. Guidewire InsuranceNow™, designed for U.S. P&C insurers writing low complexity business, was recognized as a Challenger in this report.
Magic Quadrant for P&C Core Platforms, North America – A leader for two consecutive years.
Magic Quadrant for Property and Casualty Insurance Policy Management Modules, North America2 – A leader for two consecutive years in 2015 and 2016.
Magic Quadrant for Property and Casualty Insurance Claims Management Modules3 – A leader for three consecutive years.