PZU, the Largest Insurance Company in CEE Selects Guidewire Solution for Rating, Underwriting, Policy Administration, Billing, Reinsurance, and Client Data Management
Ernst & Young UK, Ernst &
PZU sought new underwriting, policy administration and billing systems to provide a strong foundation to bring products to market faster, better serve its more than 10,000 agents, and support multi-channel communications with policyholders and agents. The company selected PolicyCenter and BillingCenter to provide the desired functionality and business agility to help it grow and innovate in a dynamic market. The company looks forward to increased self-sufficiency and ability to make system changes and upgrades – resulting in an improved ability to respond to market changes.
“The PZU Strategy 2.0 stresses the uniform nature of the Group as an
organisation operating in accordance with customer segmentation and
actively managing customer relations. We want to use state-of-the-art
technologies to serve our clients. The new IT system will make it
possible to implement a multichannel, integrated sales and customer
service model aimed at achieving full process automation," said
“We are honored to be selected by PZU as its transformation partner and
we are grateful for the confidence placed in our company, people and
“The Guidewire team is looking forward to working together with PZU,
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.
Guidewire BillingCenter® is a comprehensive billing and receivables management system built on the core design principles of automation, control and flexibility. BillingCenter allows you to deliver insurance your way by making it easier to automate the billing lifecycle; design flexible billing, payment and delinquency plans; manage agent commissions; and enable rapid integration with external payment systems. BillingCenter is available as a standalone system or as part of Guidewire InsuranceSuite™, and can be integrated to a Property/Casualty insurer’s legacy systems or third party applications.
PZU is the market leader in the Polish insurance services market, particularly in property and casualty insurance, with 32.6% market share at the end of 2011. It is the oldest Polish insurance group with the broad range of insurance and financial products. The principal product group offered by PZU is a motor insurance for retail and corporate customers. PZU Życie is the market leader in Polish life insurance services in terms of gross written premiums - 30.8% market share at the end of 2011. PZU and PZU Zycie each have an "A" financial strength rating and counterparty credit rating from Standard & Poor’s, with a stable outlook for both companies. This is the highest rating available to Polish companies.
The strategy for the years 2012-2014 will, to a large extent, be a
continuation of the pursuit of the goals under the strategy for the
years 2009-2011. The objective of the
Pro-client orientation and high operating effectiveness will allow the
Group to maintain its lead position – the
In Poland Guidewire: operates as Guidewire Software Poland Sp. z.o.o.,
has already hired multiple Polish Professional Services consultants, and
works with its alliance partners in Poland including
Guidewire Software, Inc.
Diana Stott, 1-650-356-4941
Public Relations Manager