Guidewire Congratulates 2018 Innovation Award Winners – Economical Insurance, Motorists Insurance Group, and Zurich Mexico
Honoring those companies that have best demonstrated innovation leading to business and IT benefits experienced through the use of Guidewire InsurancePlatform™ products
The 2018 winners are:
Economical is making it easier for brokers to match customers with the right insurance coverage with the launch of Vyne, its broker engagement system. Designed with input from market-leading partners and continuous broker feedback, Vyne strengthens Economical’s commitment to the broker channel by providing faster service, streamlined workflows, and customer-centric products and pricing, built on its Guidewire core system foundation.
Economical built Vyne to recalibrate its business to align with shifting
customer expectations, while setting new standards for the P&C insurance
The solution empowers brokers with increased quoting accuracy, policy documents that are easy for customers to understand, and improvements to Economical’s personal lines and individually rated commercial auto (IRCA) coverage.
Vyne leveraged existing Guidewire PolicyCenter™ and BillingCenter systems that were used to build Sonnet, Economical’s award-winning digital-direct brand.
Economical has been an in-production PolicyCenter and BillingCenter customer since 2016.
For additional information on
Motorists leveraged an innovative ‘greenfield’ start-up approach to deliver business and IT benefits with their transformational program, utilizing Guidewire InsuranceSuite™ and Guidewire Digital applications. The program has enabled Motorists to essentially create a new company and offer insurance to agents and policyholders in a way that meets current demands including real-time processing, ease of use, and accessibility on any device.
In their 2021 Vision, which outlines critical objectives to be accomplished, Motorists sought to transform the way it did business and kicked off a transformation program that aimed to create a new company using Guidewire and other vended technologies to support a new business operating model, commercial lines products, and organizational structure.
As part of this initiative, Motorists reinvented its customer experience, for both agents and policyholders, with Guidewire Digital applications. Agents are empowered with a seamless, omnichannel digital experience and a reduction in the time required to quote, change, and bind a policy. Motorists also launched Guidewire CustomerEngage to deliver state-of-the-art digital service for policyholders for all lines to enable access to policy information, billing history, claims, FNOL and documents.
Motorists has been an in-production InsuranceSuite and Guidewire Digital customer since 2017.
For additional information on Motorists, visit www.motoristsinsurancegroup.com.
To improve customer satisfaction, Zurich Mexico leveraged Guidewire
ClaimCenter™ and Guidewire Digital applications to streamline the
Mexican onsite auto claims process. Following the implementation,
Mexican insurance regulations require that field adjusters meet customers at the scene of automobile accidents. When onsite, the adjuster assigns services, such as medical and body shop repairs and delivers on demand printed forms to the customer. Information captured on site then needs to be synchronized in real time to be available to all central teams including Claims Handling, Appraisal, Fraud, Recoveries, and Vendor Management. This process presented challenges as it includes manual inefficiencies.
For additional information on Zurich Mexico, visit www.zurich.com.mx.
“Congratulations to the 2018 Guidewire Innovation Award winners,” said
Guidewire delivers the industry platform that Property and Casualty (P&C) insurers rely upon to adapt and succeed in a time of accelerating change. We provide the software, services, and partner ecosystem to enable our customers to run, differentiate, and grow their business. We are privileged to serve more than 350 companies in 32 countries. For more information, please visit www.guidewire.com and follow us on twitter: @Guidewire_PandC.
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Guidewire Software, Inc.
Diana Stott, +1 650-356-4941