Guidewire InsuranceSuite™ to help multiline insurer streamline core
systems and improve the agent experience
MONTGOMERY, Ala. & FOSTER CITY, Calif.--(BUSINESS WIRE)--Apr. 8, 2014--
Guidewire Software, Inc. (NYSE: GWRE), a provider of software products
to Property/Casualty (P/C) insurers, today announced that Alfa
Insurance® (Alfa®), a multiline P/C and Life insurer, has selected
Guidewire InsuranceSuite™ as its new platform for underwriting, policy
administration, claims management, billing, and client data management.
Alfa Insurance selected InsuranceSuite as part of an organization-wide
transformation initiative. By consolidating its existing legacy systems,
Alfa Insurance will simplify its infrastructure to reduce system
maintenance costs, streamline business processes, and gain the
flexibility needed to remain competitive in an evolving market.
“We chose to partner with Guidewire on this project for several
reasons," said Jeff Frazee, chief information officer, Alfa Insurance.
“Because of the wide array of products Alfa now offers across Property,
Vehicle, Farm, and Commercial lines, we needed a suite of integrated
systems that could potentially handle all of these lines as well as
provide us with a customer-centric method to service our customers.”
“In addition, we were impressed with the maturity of Guidewire’s
products and its track record of successful implementations,” continued
InsuranceSuite will enable Alfa Insurance to:
Increase its speed to market with integrated, modern systems;
Deliver a better service experience to their agent network;
Enhance operational efficiency by standardizing policy administration,
billing management and claims handling processes on a common platform;
Improve flexibility to comply with national and state regulations.
“We’re excited about the efficiencies we’ll gain from implementing
InsuranceSuite,” said Beth Chancey, vice president, Property and
Commercial Underwriting, Alfa Insurance. “Beyond the IT benefits of a
simpler, integrated technology platform, we’ll also gain real-time
visibility into our core operations across our lines of business and be
better able to service our agents and customers.”
“We are honored that Alfa Insurance has selected Guidewire
InsuranceSuite to help them meet their business transformation goals,”
said Dan Gordon, vice president, Product Management, Guidewire Software.
“We recognize their commitment to continuously improve their customers’
experience, and we look forward to cultivating a long-term relationship
Guidewire InsuranceSuite powers the mission-critical operations of
property/casualty insurers competing in today’s market. The suite was
designed using a modular approach, enabling insurers to select
individual applications — Guidewire PolicyCenter®, Guidewire
BillingCenter® and Guidewire ClaimCenter®— or a pre-integrated set,
driven by their requirements and priorities. InsuranceSuite provides the
flexibility insurers need to deliver insurance the way they want to, by
rapidly delivering better products and service to their policyholders
and agents, while improving underwriting discipline and lowering
About Alfa Insurance
As an outgrowth of the Alabama Farmers Federation, Alfa Insurance
Companies began in 1946 to provide quality fire insurance to federation
members, who were primarily farmers. Today Alfa offers an array of
insurance coverages including property and automobile to its clients and
has also become known for superior customer service. Alfa and its
affiliates now provide insurance and other financial services to more
than 1 million customers in 11 states. For more information, please
About Guidewire Software
Guidewire builds software products that help Property/Casualty insurers
replace their legacy core systems and transform their business. Designed
to be flexible and scalable, Guidewire products enable insurers to
deliver excellent service, increase market share and lower operating
costs. Guidewire InsuranceSuite™ provides the core systems used by
insurers as operational systems of record. Additional products provide
support for data management, business intelligence, anytime/anywhere
access and guidance and monitoring. More than 150 Property/Casualty
insurers around the world have selected Guidewire. For more information,
please visit www.guidewire.com.
Follow us on twitter: @Guidewire_PandC.
NOTE: Guidewire, Guidewire Software, Guidewire ClaimCenter, Guidewire
PolicyCenter, Guidewire BillingCenter, Guidewire InsuranceSuite,
Guidewire PartnerConnect, Guidewire SolutionConnect, Guidewire Live,
Live Inside, Before & After, Claim Canvas, Viewpoint, Deliver Insurance
Your Way, and the Guidewire logo are trademarks, service marks, or
registered trademarks of Guidewire Software, Inc. in the United States
and/or other countries.
Source: Guidewire Software, Inc.
Guidewire Software, Inc.
Diana Stott, +1 650-356-4941
Jeff Helms, +1 334-613-4212