Guidewire PolicyCenter’s flexibility and advanced functionality will
help Japanese non-life insurance company provide seamless service for
FOSTER CITY, Calif. & TOKYO--(BUSINESS WIRE)--Nov. 15, 2015--
Guidewire Software, Inc. (NYSE:GWRE), a provider of software products to
non-life insurers, (Head Office: Foster City, Calif., U.S.; Japanese
Corporation: Guidewire Software Japan K.K., Head Office: Chuo-Ku, Tokyo,
General Manager: Yoshinori Kuwa; hereinafter referred to as “Guidewire”)
has announced today that Sompo Japan Nipponkoa Insurance Inc., the
largest single non-life insurance company in Japan, (Head Office:
Shinjyuku-Ku, Tokyo; President: Masaya Futamiya) will be implementing
Guidewire PolicyCenter® (hereinafter referred to as “PolicyCenter”) and
Guidewire Rating Management™ on new insurance underwriting operations
covering 180 corporation-oriented insurance items and contract
management systems for its commercial lines of business.
Realization of direct calculations at agencies, and the maintenance of
data, including contract details, are significant challenges in the
insurance industry especially for insurers offering commercial
insurance. Increasingly core processing systems are considered from the
viewpoint of their customer-oriented service qualities, restraint of
clerical cost, income and expenditure administration and risk management
capabilities. Sompo Japan Nipponkoa has selected PolicyCenter to help it
address the ongoing industry challenges it faces. The company also
selected the system for the depth and breadth of its functionality which
will help streamline in-house operations and transactions with agents.
Sompo Japan Nipponkoa was impressed with Guidewire’s global expertise
gained through its work with insurers in over 20 countries around the
Mr. Osamu Fujino, general manager, Business Process Planning Department,
Sompo Japan Nipponkoa, said “Because the business flow between agents,
business offices, and back-office operations will become more automated,
seamless sharing of information with sales agencies will become
Ian Tavener, group vice president, Guidewire Software, presiding over
the Asia-Pacific region, made the following comment: “Guidewire is
honored to be selected as the core policy system provider to the
commercial lines business of Sompo Japan Nipponkoa, a highly respected
insurer. We look forward to going on this journey with them and
providing the technology that will help them adapt their business to
ensure success in the rapidly-changing non-life insurance industry.”
About Sompo Japan Nipponkoa Insurance Inc.
For detailed information about the company, please visit:
Guidewire delivers the software that Property/Casualty (P/C) insurers
need to adapt and succeed in a time of rapid industry change. We combine
three elements – core processing, data and analytics, and digital
engagement – into a technology platform that enhances insurers’ ability
to engage and empower their customers and employees. More than 200 P/C
insurers around the world have selected Guidewire. For more information,
please visit www.guidewire.com.
Follow us on twitter: @Guidewire_PandC.
NOTE: Guidewire, Guidewire Software, Guidewire ClaimCenter, Guidewire
PolicyCenter, and Guidewire BillingCenter are registered trademarks of
Guidewire Software, Inc. in the United States and/or other countries.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151115005064/en/
Source: Guidewire Software, Inc.
Guidewire Software, Inc.
Diana Stott, +1 650-356-4941
(PR agency for Guidewire Software Japan K.K.)
Reina Endo, Ayano