Pohjola Insurance, the largest insurer in Finland, has become the latest Guidewire (NYSE: GWRE) customer to select Guidewire PricingCenter. By adding PricingCenter to its existing Guidewire PolicyCenter deployment, Pohjola Insurance is unifying its core policy administration and pricing workflows to drive increased pricing agility.
In an increasingly dynamic market, traditional rating and pricing handoffs between actuarial models and policy systems can consume up to 50 percent of an actuary’s time in testing and manual implementation. By unifying pricing and policy administration Pohjola Insurance will reduce manual handoffs and operational risk, enable actuaries to focus on high-value analytics and strategic modeling and accelerate rate rollouts from months to days. The unified environment will also help Pohjola Insurance respond faster to market changes, support improved combined ratios, and provide a foundation for scaling AI-driven pricing strategies.
“Integrating PricingCenter directly into our existing PolicyCenter allows us to maximize the value of our cloud investment by closing the gap between actuarial design and market delivery,” said Janne Kaippio, Director, Business Analytics, Pohjola Insurance. “In a dynamic market, we cannot afford to lose speed during manual IT handoffs. This unified architecture gives us an automated single source of truth that frees our actuaries to focus on strategic modeling, allowing us to deploy sophisticated pricing strategies in days rather than months.”
Will McAllister, Senior Vice President and Managing Director, EMEA, Guidewire, said: “The speed at which an insurer can deploy sophisticated pricing strategies directly dictates their competitive edge. PricingCenter addresses a universal challenge across the industry by dismantling the friction between actuarial design and execution. By uniting pricing intelligence directly with core policy administration, Pohjola Insurance is empowering actuarial teams to spend less time on manual deployment and more time driving profitable growth."
About Pohjola Insurance
Pohjola Insurance is Finland’s leading non-life insurer with a total of 2.5 million private and corporate customers. It provides an extensive range of non-life insurance services to private, corporate and institutional clients. Pohjola Insurance is part of OP Pohjola which is Finland's largest financial services group.
About Guidewire Software
Guidewire is the platform P&C insurers trust to engage, innovate, and grow efficiently. More than 570 insurers in 44 countries, from new ventures to the largest and most complex in the world, rely on Guidewire products. With core systems leveraging data and analytics, digital, and artificial intelligence, Guidewire defines cloud platform excellence for P&C insurers.
We are proud of our unparalleled implementation record, with 1,700+ successful projects supported by the industry’s largest R&D team and consulting partner ecosystem. Our marketplace represents the largest partner community in P&C, where customers can access hundreds of applications to accelerate integration, localization, and innovation.
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Contact:
Simon Coughlin
Senior Manager, Public Relations - EMEA
Guidewire Software, Inc.
+44 7436 002 058
scoughlin@guidewire.com
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