Guidewire PolicyCenter® implemented by global specialty carrier to
enhance operational efficiency and client service
LONDON & HAMILTON, Bermuda--(BUSINESS WIRE)--Aug. 21, 2017--
Guidewire Software, Inc. (NYSE: GWRE), a provider of software products
to general insurers, and Sompo International, a global specialty
provider of property and casualty insurance and reinsurance and wholly
owned subsidiary of Sompo Holdings, Inc., today announced that Sompo
International has successfully begun to deploy Guidewire PolicyCenter as
its underwriting and policy management solution in the London Market,
utilizing Guidewire’s Global Commercial Accelerator.
Sompo International selected PolicyCenter as part of a global programme
to streamline its underwriting system and policy management processes on
an integrated end-to-end platform. Guidewire’s Global Commercial
Accelerator has been configured, in this context, specifically for the
London Market. It facilitates global carriers in employing Guidewire
software across all their platforms.
“Sompo International is the first insurer in the London Market to roll
out Guidewire PolicyCenter for this use,” said Alfred Goxhaj, chief
information officer, Sompo International. “Our plan is to deploy
Guidewire software with the Global Commercial Accelerator across all our
classes of business in London on a phased basis. We have begun with our
Property policies attaching this month and feedback from our
underwriters on the new system has been positive. The common platform
will enable us to deliver more timely and accurate policy documents to
our clients and more readily scale for growth as we incorporate
additional products.”
PolicyCenter, incorporating Guidewire’s Global Commercial Extension, is
enabling Sompo International to:
-
Achieve full integration with financial, reporting and document
management systems;
-
Manage the particular demands of the London Market, such as written
and signed lines, and Bureau processing;
-
Streamline process, workflow and data quality control, by supporting
one system for all data entry from submission, through to binding,
registration and policy issuance; and
-
Increase policy administration process efficiency with enhanced
screens and features.
“We congratulate Sompo International on their successful PolicyCenter
deployment,” said Sheridon Glenn, vice president, Field Consulting,
EMEA, Guidewire. “This complex foundational deployment will support
easier and faster implementation of additional classes of business in
the London Market. We look forward to our continued work together.”
About Guidewire Software
Guidewire delivers the software that general insurers need to adapt and
succeed in a time of rapid industry change. We combine three elements –
core operations, data and analytics, and digital engagement – into a
technology platform that enhances insurers’ ability to engage and
empower their customers and employees. More than 300 general insurers
around the world have selected Guidewire. For more information, please
visit www.guidewire.com.
Follow us on twitter: @Guidewire_PandC.
About Sompo International
Sompo International, a global specialty provider of property and
casualty insurance and reinsurance, is a wholly owned subsidiary of
Sompo Holdings, Inc. whose core business encompasses one of the largest
property and casualty insurance groups in the Japanese domestic market.
Through its operating subsidiaries, which maintain financial strength
ratings of A+ from A.M. Best and A from S&P, Sompo International writes
agriculture, professional lines, property, marine and energy, and
casualty and other specialty lines of insurance and catastrophe,
property, casualty, professional lines and specialty lines of
reinsurance. For more information, please visit www.sompo-intl.com.
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/20170821005094/en/
Source: Guidewire Software, Inc.
onechocolate Communications (for Guidewire)
Daniel Couzens,
+44(0)20 7437 0227
guidewire@onechocolatecomms.co.uk
or
Guidewire
Software (UK) Ltd
Louise Bradley, +44 (0)7474 837 860
PR &
Communications - EMEA
lbradley@guidewire.com
