FMG Deploys Guidewire Solution for Underwriting, Rating, Policy Administration, and Billing Management
Guidewire PolicyCenter® and BillingCenter are helping leading
FMG implemented PolicyCenter and BillingCenter to provide a strong foundation to support ongoing business growth, increase its levels of client service, and more quickly bring products to market. The organization also sought systems based on an open technology architecture. FMG is currently in production with PolicyCenter and BillingCenter across all of its lines of commercial and consumer business after deploying the systems simultaneously.
“Feedback from across the business, including front-line roles and
senior managers about PolicyCenter and BillingCenter has so far been
very positive,” said
Once FMG completes its client migration, Guidewire PolicyCenter and BillingCenter will allow FMG to:
- Make system changes to bring new products to market more quickly and with higher quality to better keep pace with changing business and technical demands;
- Streamline its business processes to enhance the agent/client experience and allow underwriters to focus on providing high-value services to clients;
- Provide a modern technology platform with automated processing and real-time functionality to allow its employees to do their job quickly and efficiently; and
- Standardize policy administration and billing practices for consistency and accuracy.
“We congratulate FMG on their successful implementation of PolicyCenter
and BillingCenter,” said
Guidewire PolicyCenter® is a flexible underwriting and policy administration system that enables property/casualty insurers to grow business profitably by improving efficiency, while responding with agility to market opportunities and enhancing relationships with agents and clients. Designed to support both commercial and personal lines, PolicyCenter helps insurers streamline front and back office processes, from new business submission and quoting through policy renewals. PolicyCenter is available as a standalone system or as part of Guidewire InsuranceSuite™, and can be integrated to an insurer’s legacy systems or third party applications.
Guidewire BillingCenter® is a comprehensive billing and receivables management system built on the core design principles of automation, control and flexibility. BillingCenter allows you to deliver insurance your way by making it easier to automate the billing lifecycle; design flexible billing, payment and delinquency plans; manage agent commissions; and enable rapid integration with external payment systems. BillingCenter is available as a standalone system or as part of Guidewire InsuranceSuite™, and can be integrated to a Property/Casualty insurer’s legacy systems or third party applications.
Formed by farmers for farmers over a century ago, today FMG is New
Zealand’s leading rural insurer. Unlike most insurance companies in
Tenzing has a history of over 20 years of consulting expertise in
Our unique blend of Management and Technology Consulting Services allows
a one-stop shop for delivery of solutions to our insurance customers.
Since 2007, Tenzing has provided Guidewire implementation services /
resources and integration specialists to major insurers in NZ and
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.