Co-operative Insurance Companies Implements Guidewire Cloud-Based, All-in-One Solution
Insurer is leveraging Guidewire InsuranceNow™ to improve operational efficiencies and increase speed-to-market
Co-op implemented InsuranceNow to modernize its technology platform and transform the way it does business. The company will be extending the implementation of InsuranceNow to its other commercial lines of business, followed by its personal lines of business.
“This initial implementation of InsuranceNow to our BOP line of business
has been a huge milestone for us,” said
“By following a mainly out-of-the-box implementation approach, using
configuration to make changes rather than customization, we experienced
a relatively smooth implementation from start to finish,” said
InsuranceNow is enabling Co-op to:
- Enhance operational efficiency and productivity throughout the organization by standardizing policy administration, billing management, and claims handling processes on a cohesive technology platform;
- Automate manual business processes to allow staff to focus on more strategic initiatives to support the business; and
- Increase speed-to-market and business agility, as well as reduce system maintenance costs, by leveraging Guidewire Cloud Production Services.
“We congratulate Co-op on their successful InsuranceNow implementation,”
Guidewire InsuranceNow™ is a cloud-based, all-in-one solution that supports the P&C insurance lifecycle. Its integrated design, out-of-the-box functionality, and guided approach enable fast implementation and quick upgrades. Cloud-based delivery and ongoing operational support by Guidewire provide insurers the freedom to focus on innovation and respond rapidly to market demands, even when they have limited IT support.
About Co-operative Insurance Companies
Co-operative Insurance Companies has been meeting property and casualty
insurance needs since 1915, offering farm, home, auto, business, and
other insurance to people in
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.