Blog
Nicole Mongillo
Nicole Mongillo
Nicole Mongillo is senior product marketing manager for Guidewire PolicyCenter and BillingCenter, responsible for creating content, messaging and go-to-market strategy for these areas as well as Guidewire’s commercial lines offerings. She also supports sales enablement, marketing, public relations, and analyst relations activities for these subject areas.
Getting a new insurance product to market is a journey, and while speed is an important component of that journey, it’s not the only requirement for success. Consider getting to market in terms of running a 5K race. It’s something a lot of people are very capable of doing, just like most insurers are adept at bringing products to market.
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Insurers face a seemingly unlimited number of new risks and ways to cover them. Pressure is ever-increasing to design products that policyholders want and get them to market efficiently.
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PolicyCenter was recently named “Best-in-Class” in the Aite Matrix: 2020 U.S. P&C Core Systems Evaluation Report. We are extremely proud of this distinction. But what, exactly, does “Best-in-Class” mean? And who cares?
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There are many age-old sayings about the constant nature of change in the world, and it seems that they all apply to the current property and casualty (P&C) insurance universe. All this change is pushing many insurers to enter new markets, or bring new products to existing ones. This happens for a number of reasons, often to increase market share, diversify a book of business, or to enhance an insurer’s reputation as an innovator by covering a new risk or an old one in a new way. One commonality between all these worthy pursuits is the need to get new products or lines of business to market quickly.
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The Banff release of InsuranceSuite, our second cloud release of PolicyCenter, ClaimCenter, and BillingCenter, includes a number of new features designed to help insurers engage, innovate, and grow efficiently. Like the ski resort names imply, these releases are coming rapidly – every six months.
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More than 100 insurers, insurance technology providers, partners, members of the media, analysts, and other experts met at the 2019 Strategy Meets Action (SMA) Summit on December 4 to discuss 2019’s hits and misses and what’s coming next. It was, as always, a full and enlightening day. Two clear themes emerged early this time around and stuck with me throughout the day:..
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Digital transformation is a phrase used frequently in the insurance industry, and for good reason – keeping up with an increasingly digital and mobile world is critical for continuing to meet buyers’ needs. This transformation, like any major change, is rarely easy, and it can be particularly difficult for commercial lines insurers to know where to start...
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“Gig economy” is a buzzword in nearly every industry at the moment, and insurance is no different. For insurers, particularly Workers’ Compensation insurers, the nontraditional employees making gig work their primary source of income and the companies that employ them present a new frontier...
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Even within P&C Commercial lines, Workers’ Compensation insurance is a unique niche. The stakes, if not higher, are at least different when you’re insuring not buildings and vehicles but human beings. People. Can you imagine a more unpredictable risk, or one that contributes in more ways to your success?
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The conversation around insurance underwriting, particularly in complex environments like commercial lines, has been active over the last few years. Underwriting teams are finding it necessary to adapt to a changing universe that requires faster, more accurate quoting. This requires using an ever-growing pool of data resources that are only getting more complex themselves, while also serving as the front line for agent and broker relations.
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