Capital Insurance Group Deploys Guidewire Solution for Underwriting, Policy Administration, and Billing
Guidewire PolicyCenter® and BillingCenter helping regional Property/Casualty insurer enhance operational efficiencies and increase its speed-to-market
CIG deployed PolicyCenter and BillingCenter to replace its previous policy administration and billing management systems. The company needed more agility and flexibility from its foundational platforms to handle its changing business needs and compete more effectively in the marketplace. The company deployed BillingCenter in 2015, and has been live on PolicyCenter for its Business Owner and Commercial Auto lines of business since 2016 in all states where it does business.
“The deployment of PolicyCenter and BillingCenter demonstrates our
commitment to providing the best technological solutions to our agents
and policyholders,” said
PolicyCenter and BillingCenter are enabling
- Enhance operational efficiencies by standardizing underwriting, policy administration, and billing management on a common platform;
- Improve the ease of doing business for agents and customers through the enhancement of self-service and collaboration options;
- Reduce system maintenance costs due to the flexibility of the systems; and
- Increase its responsiveness to the market by having the ability to more quickly roll out new product and pricing.
Capital Insurance Group® (CIG) is the leading regional property and
casualty insurer serving the Western U.S. since 1898. The company is
known for providing trusted insurance products for the personal,
commercial, and agricultural business segments, with an emphasis on
property related exposures. CIG’s suite of insurance offerings include
coverage for, but not limited to: personal and commercial automobile;
home and condo owners; rental and seasonal dwellings; farm owners and
commercial agriculture operations; and commercial real estate business
focused on habitational, office, lessors risk, and other property
related exposures. The more than 115 year-old company is rated “A”
Guidewire delivers the software that Property and Casualty (P&C) insurers need to adapt and succeed in a time of rapid industry change. We combine three elements – core operations, data and analytics, and digital engagement – into a technology platform that enhances insurers’ ability to engage and empower their customers and employees. More than 300 P&C insurers around the world have selected Guidewire. For more information, please visit www.guidewire.com. Follow us on twitter: @Guidewire_PandC.