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FMG Selects Guidewire for Underwriting, Policy Administration and Billing Management
PALMERSTON NORTH,
FMG sought new policy and billing systems to provide a strong foundation to support ongoing business growth, varying methods of interaction with clients, and to bring products to market faster. The company selected PolicyCenter and BillingCenter to provide the functionality and flexibility it needed for continued success in the future.
“We are confident that our selection of Guidewire PolicyCenter and
BillingCenter will help us more efficiently manage our underwriting,
policy administration, and billing operations. Guidewire’s impressive
track record of project success and their specialization in general
insurance confirms that they are an ideal partner for us,” said
“We want to make it easy for our clients to work with us whether it is in person, online or over the phone and believe that Guidewire technology will help us do so,” continued Black. “In addition to helping us effectively communicate with our clients, Guidewire’s modern technology platform will help us grow our business and our product offerings.”
With Guidewire PolicyCenter and BillingCenter, FMG will be able to:
- Provide its staff with a modern technology platform to allow them to do their job quickly and efficiently and better support their already excellent service capabilities;
- Improve client service capabilities by providing highly flexible premium billing options;
- Standardize policy administration and billing practices for consistency and accuracy;
- Ensure it has a technology platform to support the delivery of rich, multi-channel client communications; and
- Enable business agility to keep pace with changing industry and market conditions.
“We are pleased to bring our expertise and successful implementation
track record to help FMG transform its underwriting, policy
administration, and billing operations,” said
Guidewire PolicyCenter® is a flexible underwriting and policy administration system that enables general (Property/Casualty) insurers to grow business profitably by improving efficiency, while responding with agility to market opportunities and enhancing relationships with agents and customers. 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 general (Property/Casualty) insurer’s legacy systems or third party applications.
About FMG
Formed by farmers for farmers over a century ago, today FMG is New
Zealand’s preferred rural insurer. Unlike most insurance companies in
About
NOTE: Guidewire,
Source:
Guidewire Software, Inc.
Diana Stott, +1 (650) 356 4941
Public
Relations Manager
dstott@guidewire.com