Guidewire InsuranceSuite™ to help Peruvian insurer increase its
operational efficiencies, reduce time to market for new products, and
enhance customer and agent experience
LIMA, Peru & FOSTER CITY, Calif.--(BUSINESS WIRE)--Oct. 18, 2012--
Pacifico Seguros (Pacifico), a leading insurance company in Peru, and
Guidewire Software, Inc. (NYSE: GWRE), a provider of flexible, core
system software to general (property/casualty) insurers, today announced
that Pacifico has selected Guidewire InsuranceSuite™ as its new
underwriting, policy administration, billing and claims management
platform. Pacifico has also selected Guidewire Rating Management™ for
more precise control and responsiveness over rating and pricing and
Guidewire Reinsurance Management™ to deliver the automation needed to
effectively manage ceded reinsurance. Pacifico will be implementing
InsuranceSuite in a phased approach by line of business.
Pacifico sought to replace its core systems to gain the flexibility to
adapt and more quickly respond to new business and product opportunities
and to improve its overall time to market. The company needed new core
systems to support its shift in focus from predominantly commercial
lines to growing its personal lines’ business. Prior to selecting
Guidewire InsuranceSuite, Pacifico’s supporting processes and IT
platforms were built exclusively for commercial lines.
“We selected Guidewire InsuranceSuite because its out of the box
capabilities met our requirements with almost no customization, which
will allow us to adopt best-in-class practices quickly. We also valued
the high quality of the software, as well as the abundant positive
feedback we received from current Guidewire customers,” said David
Saettone, Chief Executive Officer of Pacifico Seguros. “We considered
selecting three different vendors if that would have provided us with
the best functional support and technology on the market, but we found
that the individual merits of Guidewire’s PolicyCenter, BillingCenter,
and ClaimCenter were market-leading. We are looking forward to the
benefits of having our core systems on one cohesive platform; including
the productivity and efficiencies we will gain from having streamlined
processes across our core functions.”
Mr. Saettone added, “We are excited about the additional opportunities
Guidewire InsuranceSuite will bring us, ranging from offering customers
the ability to interact with us through faster and direct channels, to
making it easier for agents to work with Pacifico by giving them better
tools to help them do their jobs more quickly and efficiently.”
InsuranceSuite will enable Pacifico to:
-
Make product and rate changes quickly to increase responsiveness to
the market;
-
Provide high levels of service to customers and agents; and
-
Enhance operational efficiency through automation across underwriting,
policy administration, billing, and claims management processes.
“We are excited to welcome Pacifico to the Guidewire family and to
expand our presence in Latin America,” said Steve Sherry, Vice
President, The Americas, Guidewire Software. “By recognizing the
business value of Guidewire InsuranceSuite, its ability to manage
multiple currencies and serve Spanish-language users, and by selecting
it to run its operations, Pacifico gains a strong foundation on which to
grow and operate its business effectively and efficiently.”
Guidewire InsuranceSuite powers the mission-critical operations of
property/casualty insurers competing in today’s market. The suite was
designed using a modular approach, enabling insurers to select
individual applications -- Guidewire PolicyCenter®, Guidewire
BillingCenter®, and Guidewire ClaimCenter® -- or a
pre-integrated set, driven by their requirements and priorities.
InsuranceSuite provides the flexibility insurers need to deliver
insurance the way they want to, by rapidly delivering better products
and service to their policyholders and agents, while improving
underwriting discipline and lowering operational costs.
About Pacifico Seguros
Pacifico Seguros, part of Creditcorp Ltd., the largest financial holding
company in Peru, consists of more than 5,000 professionals who are
dedicated to providing a comprehensive range of products and services
that enable corporate customers and individuals to manage their risks
efficiently. Pacifico Seguros provides risk management solutions for
property and casualty, health, auto, life, and annuities. It was the
first Peruvian insurance company to obtain an international investment
grade by Moody's and Fitch Ratings. For more information, please visit www.pacificoseguros.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, and Toronto. For more information, please
visit www.guidewire.com.
NOTE: Guidewire, Guidewire Software, Guidewire ClaimCenter, Guidewire
PolicyCenter, Guidewire BillingCenter, Guidewire InsuranceSuite, Deliver
Insurance Your Way, Guidewire PartnerConnect, Guidewire Rating
Management, Guidewire Reinsurance Management, and the Guidewire logo are
trademarks or registered trademarks of Guidewire Software, Inc.
Source: Guidewire Software, Inc.
Guidewire Software, Inc.
Diana Stott, +1-650-356-4941
Public
Relations Manager
dstott@guidewire.com
or
Pacifico
Seguros
Rosa Bonilla, +51 (1) 518 4000
Public Relations Manager
rbonilla@pacifico.com.pe