Guidewire recognized in global report for its “Ability to
Execute” and “Completeness of Vision”
FOSTER CITY, Calif.--(BUSINESS WIRE)--Jun. 10, 2014--
Guidewire Software, Inc. (NYSE:GWRE), a provider of flexible software
products to Property/Casualty (P/C) insurers, today announced that it
has been positioned as a “Leader” in Gartner, Inc.'s first “Magic
Quadrant for Property and Casualty Insurance Claims Management Modules1.”
Guidewire was positioned highest on the ability to execute axis and
furthest on the completeness of vision axis in the report. The report
can be viewed here.
As the first Gartner Magic Quadrant for the P/C insurance space, the
report evaluates seven global vendors that have qualified for inclusion
in the claims management module market.
“Global demand for stand-alone claims management modules decreased in
2013, but sales of claims modules within suites tripled,” wrote Jeff
Haner, principal research analyst, Insurance, Gartner and author of the
report. “Investment in core system modernization remains high, and a
fast-growing majority of insurers are electing to license claims modules
within modular core solution suites.”
“The Guidewire team is honored to be named a leader by Gartner in the
Claims Management Magic Quadrant, and we are intent on continuing our
track record of innovation,” said Brian Desmond, vice president,
Marketing, Guidewire Software. “Our customers use Guidewire products to
replace their legacy systems and transform their business; these are
challenging projects no matter how good the technology that serves them.
We work collaboratively with our customers, and we view this report as
recognition of the success achieved collectively by the Guidewire
community. We thank our customers for choosing Guidewire as their
partner and are humbled by their overwhelming support.”
Guidewire ClaimCenter® is a leading end-to-end claims management system,
built from the ground up to meet the specific needs of today’s P/C
insurers. ClaimCenter’s flexible business rules enable claims
organizations to define, enforce and continually refine their preferred
claim handling practices in order to optimize and monitor their claim
processes. ClaimCenter is in use by insurers of all sizes across all
product lines to improve speed and accuracy, reduce loss adjustment
expense, and enable proactive management of claims. ClaimCenter 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.
About the Magic Quadrant
Gartner does not endorse any vendor, product or service depicted in its
research publications, and does not advise technology users to select
only those vendors with the highest ratings. Gartner research
publications consist of the opinions of Gartner's research organization
and should not be construed as statements of fact. Gartner disclaims all
warranties, expressed or implied, with respect to this research,
including any warranties of merchantability or fitness for a particular
1GartnerMagic Quadrant for Property and Casualty
Insurance Claims Management Modules, Jeff Haner, May 28, 2014
About Guidewire Software
Guidewire Software is a provider of core system software to the global
Property/Casualty (P/C) insurance industry. Designed to be flexible and
scalable, Guidewire solutions give insurers the capability to deliver
excellent service, increase market share and lower operating costs.
Guidewire InsuranceSuite™, consisting of Guidewire PolicyCenter®,
Guidewire ClaimCenter® and Guidewire BillingCenter® spans the key
functional areas in insurance – underwriting and policy administration,
claims management, and billing. Guidewire is headquartered in Foster
City, California, with offices in Beijing, Dublin, Hong Kong, London,
Munich, Paris, Sydney, Tokyo, Toronto and Warsaw. For more information,
please visit www.guidewire.com.
NOTE: Guidewire, Guidewire Software, Guidewire ClaimCenter, Guidewire
PolicyCenter, Guidewire BillingCenter, Guidewire InsuranceSuite,
Guidewire Live, Before & After, Guidewire PartnerConnect, Guidewire
SolutionConnect. 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