IDC MarketScape Positions Guidewire as a Leader in Its First Assessment for Worldwide Policy Administration Systems
In its inaugural year, the IDC MarketScape assessment for policy administration systems evaluated the “capabilities and business strategies of 10 global vendors offering policy administration systems (PAS) to IT buyers.” The report aimed to facilitate more informed investment decisions and provide information on how the vendors featured can help insurers meet their business goals and technology expectations.
“A factor that propelled Guidewire to its position within our IDC
MarketScape chart for its across-the-board strength and depth includes
being built using state-of-the-art modern technology and architecture
with no legacy or acquired code,” wrote
“Guidewire is honored to be named a leader in the IDC MarketScape’s
review of global Policy Systems,” 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 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.
About the IDC MarketScape
IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.
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 180 Property/Casualty insurers around the world have selected Guidewire. For more information, please visit www.guidewire.com. Follow us on twitter: @Guidewire_PandC.
1 IDC MarketScape: Worldwide Policy Administration Systems
2015 Vendor Assessment,
Guidewire Software, Inc.
Diana Stott, +1 650-356-4941