Leading national insurer of churches, GuideOne selects Guidewire
PolicyCenter® to improve speed to market and flexibility
FOSTER CITY, Calif.--(BUSINESS WIRE)--Oct. 3, 2013--
Guidewire Software, Inc. (NYSE: GWRE), a provider of software products
to Property/Casualty (P/C) insurers, today announced that GuideOne
Insurance, a leading national insurer of churches, has become the 50th
insurer choosing to run its mission-critical policy administration and
underwriting operations on Guidewire PolicyCenter®. GuideOne also
selected Guidewire for Rating Management, Standards Based Templates and
Client Data Management. GuideOne has already successfully deployed
Guidewire ClaimCenter®.
“GuideOne is pleased to be the company to help Guidewire reach this
milestone,” said Lee Pallardy, vice president of Commercial Lines,
GuideOne. “Our decision to go with PolicyCenter for our new Commercial
policy administration system was a clear choice due to Guidewire’s
proven track record, as well as having already completed a successful
implementation with ClaimCenter at GuideOne.”
From day one, Guidewire has been focused on enabling insurers to replace
their legacy core systems and transform their business. Policy
administration systems are at the heart of this transformation journey.
“These systems are the most complex to build and the most critical to
implement,” said Marcus Ryu, chief executive officer, Guidewire
Software. “We applaud the journeys our customers are taking and we
celebrate their successes. We are especially pleased to welcome GuideOne
as a repeat customer and we thank them for putting their trust in
Guidewire.”
“Steady customer growth speaks volumes about a technology provider’s
ability to deliver business value and establish a reputation for doing
so over time,” according to Karen Pauli, Research Director, CEB
TowerGroup. “Repeat customers are evidence that a technology provider is
a partner and can be trusted to understand and support an insurer’s
business and IT goals. There is a good deal to celebrate in both
instances.”
“Guidewire and PolicyCenter have come a long way since we first launched
the product in 2006,” said Ken Branson, director, Product Strategy,
Guidewire Software. “Our early customers deserve a lot of credit for
taking a chance on an unknown product from a relatively young company,
at the time.” Branson added, “We are grateful for the collaboration and
support from all of our PolicyCenter customers over these past seven
years. It is because of their guidance that PolicyCenter has grown into
the widely adopted product that it is today.”
“We take great pride in building sustainably architected products such
as PolicyCenter that enable our customers to meet their objectives,”
said Jeremy Henrickson, vice president, Development, Guidewire Software.
“We are humbled by the overwhelming support that we have received from
our customers and value their ongoing feedback as we work to
continuously enhance our products.”
Guidewire has PolicyCenter customers in nine countries (plus Puerto
Rico): USA, Canada, Australia, New Zealand, Japan, Peru, UK, South
Africa, and Poland. Insurers of all sizes have selected PolicyCenter,
from Nationwide at the tier one level, to those at the smaller end of
the scale, like emerging insurer Elephant Insurance, including all sizes
and lines of business in between.
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 existing systems
and third party applications.
Guidewire was recognized as the only vendor to receive a “Strong
Positive” – highest possible rating – in the Gartner MarketScope for
North American Property and Casualty Insurance Policy Management Modules
report.
Gartner “MarketScope for North American Property and Casualty
Insurance Policy Management Modules” by Jeff Haner, February 10, 2013.
About the MarketScope
Gartner does not endorse any vendor, product or service depicted in our
research publications, and does not advise technology users to select
only those vendors with the highest ratings. Gartner research
publications consist of the opinions of Gartner's research organization
and should not be construed as statements of fact. Gartner disclaims all
warranties, expressed or implied, with respect to this research,
including any warranties of merchantability or fitness for a particular
purpose.
About GuideOne Insurance
Founded in 1947 and headquartered in West Des Moines, Iowa, GuideOne
Insurance is one of the nation's largest church insurers, with about
43,000 church policyholders. GuideOne also insures private schools and
colleges, as well as senior living communities. In 1999, the company
created the GuideOne
Center for Risk Management® in order to help churches and
faith-based organizations safeguard their ministries. This effort was
expanded in 2008 with the launch of SafeChurch®,
the most comprehensive church risk management resource available.
GuideOne's personal lines products include auto and homeowners
insurance. GuideOne is licensed to do business in all 50 states and
markets its products and services through nearly 1,600 independent and
career agents. The company carries an A "Excellent" rating from A.M.
Best.
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 150 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, Guidewire BillingCenter, Guidewire InsuranceSuite,
Guidewire PartnerConnect, Guidewire SolutionConnect, Guidewire Live,
Live Inside, Before & After, Claim Canvas, Viewpoint, 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
Director,
Communications
dstott@guidewire.com
