Guidewire PolicyCenter® to help workers’ compensation carrier
automate processes and enhance its agent and customer service
capabilities
ALBUQUERQUE, N.M. & FOSTER CITY, Calif.--(BUSINESS WIRE)--Apr. 13, 2015--
New Mexico Mutual Group, the leading workers’ compensation carrier in
New Mexico, and Guidewire Software, Inc. (NYSE: GWRE), a provider of
software products to Property/Casualty (P/C) insurers, today announced
that New Mexico Mutual Group has selected Guidewire PolicyCenter® as its
new underwriting and policy administration solution. New Mexico Mutual
Group has also selected Guidewire Rating Management™ and Guidewire
Client Data Management™.
New Mexico Mutual Group is currently implementing PolicyCenter to help
modernize its systems and transform its business processes.
Specifically, the company sought to increase its flexibility and take
advantage of the solutions’ real-time functionality and built-in best
practices. New Mexico Mutual Group had successfully deployed Guidewire
ClaimCenter® in 2006 and Guidewire BillingCenter® in 2008.
“PolicyCenter will give New Mexico Mutual Group the ability to get to
market faster, and improve service excellence to our customers and
independent broker network,” said Ryan Inzenga, CPCU, Underwriting
Manager, New Mexico Mutual Group. “We have partnered with Guidewire for
the better part of a decade and we’re looking forward to continuing that
relationship and standardizing our core systems on Guidewire
InsuranceSuite.”
PolicyCenter will enable New Mexico Mutual Group to:
-
Improve service levels for customers and brokers due to increased
operational efficiencies;
-
Leverage automated underwriting rules and real-time functionality to
optimize risk assessment; and
-
Benefit from a suite of smartly integrated systems built on a modern
technology platform designed to grow and change with its business.
“From a technical perspective, we’re excited at the prospect of having a
fully integrated core system suite in place,” said Tim Thackaberry,
Director of Information Technology, New Mexico Mutual Group.
“Additionally, with PolicyCenter we have a modern system with
market-leading configuration capabilities, giving us the potential for a
vast number of technical and business benefits."
“We welcome New Mexico Mutual Group as a full Guidewire InsuranceSuite
customer, and we are pleased to extend our relationship with them,” said
Steve Sherry, Group Vice President, Americas Sales, Guidewire Software.
“We admire New Mexico Mutual Group's dedication to providing their
policyholders and brokers with excellent products and services, and we
look forward to helping them meet their current and future business
objectives.”
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 into an insurer’s legacy systems
or third-party applications.
About New Mexico Mutual Group
New Mexico Mutual Group was created to stabilize the workers’
compensation market by offering New Mexico employers affordable and
competitive workers’ compensation coverage. Since its founding in 1991,
New Mexico Mutual Group has become the largest provider of workers’
compensation insurance in the state, insuring close to 30% of the
insured company market in New Mexico. Insuring all types of business,
with special attention to small and medium sized businesses, New Mexico
Mutual Group enjoys a strong and loyal partnership with over 300 agents
across the state and strives to provide access to quality,
cost-effective workers’ compensation insurance and services for our
customers. Visit New Mexico Mutual Group online to learn more: www.newmexicomutual.com.
About Guidewire Software
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.
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.
Source: Guidewire Software, Inc.
Guidewire Software, Inc.
Diana Stott, +1-650-356-4941
Director,
Communications
dstott@guidewire.com
or
New
Mexico Mutual Group
Susan Kittredge, +1-505-343-2844
Director
of Marketing
susank@newmexicomutual.com
