Guidewire PolicyCenter® and Guidewire BillingCenter® to help one of
Canada’s largest Property/Casualty insurers increase its flexibility and
enhance its broker and customer service capabilities
WINNIPEG, Manitoba & FOSTER CITY, Calif.--(BUSINESS WIRE)--Apr. 2, 2013--
The Wawanesa Mutual Insurance Company (Wawanesa), which provides
coverage to almost 2 million policyholders in Canada and the United
States, and Guidewire Software, Inc. (NYSE: GWRE), a provider of
flexible core system software to Property/Casualty insurers, today
announced that Wawanesa has selected Guidewire PolicyCenter® as its new
underwriting and policy administration solution and Guidewire
BillingCenter® to manage its billing operations. Wawanesa also has plans
to use three Guidewire add-on modules: Guidewire Rating Management™,
Guidewire Reinsurance Management™, and Guidewire Client Data Management™.
After successfully deploying Guidewire ClaimCenter® in 2011, Wawanesa
decided to expand its Guidewire selection to include PolicyCenter and
BillingCenter to help modernize its systems, transform its business
processes, increase its flexibility, and take advantage of the
solutions’ real-time functionality and built-in best practices. The
company also wanted to provide its staff with the tools needed to
properly service brokers and customers with the speed and methods by
which these groups expect to be serviced.
“Our previous experience with ClaimCenter played a large part in
selecting PolicyCenter and BillingCenter,” said Ken McCrea, president
and chief executive officer, Wawanesa. “We were pleased with the high
level of responsiveness displayed by the Guidewire team to any issues
raised during the ClaimCenter implementation project. In addition, we
respected Guidewire’s commitment to their cohesive vision of
InsuranceSuite and their continuous demonstration of progress towards
“We are looking forward to the benefits we will receive from
PolicyCenter and BillingCenter especially the opportunities we will gain
for improved servicing and contact with customers and brokers,” said
Jeff Goy, vice president, Insurance Products, Wawanesa.
“From an IT perspective, PolicyCenter and BillingCenter will make it
significantly easier to provide more services to our customers over the
Internet in our direct markets, and in our broker markets, it will help
us integrate more effectively with our brokers enabling them to quote
and service their business more quickly and accurately,” added Cam
Loeppky, vice president, Information Services, Wawanesa.
PolicyCenter and BillingCenter will enable Wawanesa to:
Leverage automated underwriting rules and real-time functionality to
eliminate manual processes;
Improve service levels for customers and brokers due to increased
Accelerate its speed-to-market due to Guidewire’s easy-to-use
configuration tools that let the right people with the right knowledge
tailor offerings to particular market segments, avoiding the delays of
custom IT coding; and
Benefit from a suite of smartly integrated systems built on a modern
technology platform designed to grow and change with its business.
“We welcome Wawanesa as a Guidewire InsuranceSuite customer, and we are
pleased to extend our relationship with them,” said Steve Sherry, vice
president, The Americas, Guidewire Software. “We admire Wawanesa’s
dedication to providing their policyholders and brokers with excellent
products and services, and we are looking 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 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 general (property
and casualty) insurer’s legacy systems or third-party applications.
About The Wawanesa Mutual Insurance Company
Wawanesa is a Canadian mutual insurance company and one of the largest
property and casualty insurers in Canada. Wawanesa has a rich history
dating back to 1896, when it was founded in the Village of Wawanesa,
Manitoba. Today executive offices are located in Winnipeg, Manitoba.
Wawanesa operates across Canada and in the states of California and
Oregon with total consolidated assets of $7.7 billion (CDN) and almost 2
million policies in force. Wawanesa has 100% ownership of two subsidiary
companies; The Wawanesa Life Insurance Company and Wawanesa General
Insurance Company (U.S.A.). For more information, please visit www.wawanesa.com.
About Guidewire Software
Guidewire Software is a provider of core system software to the global
general (Property/Casualty) insurance industry. Designed to be flexible
and scalable, Guidewire solutions give insurers the capability to
deliver excellent service, increase market share and lower operating
costs. Guidewire InsuranceSuite™, consisting of Guidewire PolicyCenter®,
Guidewire ClaimCenter® and Guidewire BillingCenter® spans the key
functional areas in insurance – underwriting and policy administration,
claims management, and billing. Guidewire is headquartered in Foster
City, California, with offices in Beijing, Dublin, Hong Kong, London,
Munich, Paris, Sydney, Tokyo, Toronto, and Warsaw. For more information,
please visit www.guidewire.com.
NOTE: Guidewire, Guidewire Software, Guidewire ClaimCenter, Guidewire
PolicyCenter, Guidewire BillingCenter, Guidewire InsuranceSuite,
Guidewire Live, Before & After, Guidewire PartnerConnect, Deliver
Insurance Your Way, and the Guidewire logo are trademarks, service
marks, or 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