Guidewire Software, Inc. (NYSE: GWRE), provider of the industry platform general insurers rely upon today announced that it has been positioned as a Leader in Gartner, Inc.'s "Gartner Magic Quadrant for Non-Life Insurance Platforms, Europe1" for the second consecutive year. Guidewire Software was again placed highest on both the ability to execute axis and furthest on the completeness of vision axis.
This is the second year that Gartner has produced a Magic Quadrant for Non-Life Insurance Platforms for Europe. Gartner’s report evaluated 10 vendors in the general/Non-Life insurance space that have qualified for inclusion.
"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," wrote Sham Gill, senior director analyst, and Manav Sachdeva, senior principal analyst, Gartner and co-authors of the report. "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. Gartner has observed that the overall breadth and maturity of these ecosystems is becoming a more significant factor in buying decisions."
"Guidewire is truly honoured to be recognised by Gartner as a Leader in its European Non-Life Insurance Platforms Magic Quadrant," said Keith Stonell, managing director - EMEA, Guidewire Software. "We regard this result as recognition of the shared success of the Guidewire community. The industry deserves the very best software, comprehensive services – whether deploying in the cloud or in a self-managed model – and easy access to relevant third-party solutions to help insurers innovate and best serve their customers. This remains our focus."
Guidewire (InsuranceSuite) has also been named a Leader in Gartner, Inc.'s “**Gartner Magic Quadrant for P&C Core Insurance Platforms, North America2”. It placed highest on the ability to execute axis and furthest on the completeness of vision axis.
1Gartner Magic Quadrant for Non-Life Insurance Platforms, Europe, Sham Gill, Manav Sachdeva, 24 October 2019.
2Gartner Magic Quadrant for P&C Core Insurance Platforms, North America, Sham Gill, James Ingham, September 10, 2019.