Guidewire Software Wins Two Celent XCelent Awards for Claims Administration

Celent report recognizes Guidewire ClaimCenter® with top honors for Functionality and Customer Base

FOSTER CITY, Calif.--(BUSINESS WIRE)--Feb. 9, 2015-- Guidewire Software®, a provider of software products to Property/Casualty insurers, today announced that it has been named the winner of two 2014 XCelent Awards in Celent’s Claims Systems Vendors: North American P&C Insurance 2014¹ report. Guidewire ClaimCenter® was recognized as the top solution out of 31 vendors in the Breadth of Functionality and Customer Base categories.

The XCelent Functionality Award for the best solution in the “Breadth of Functionality” category is based on several criteria, including the power and ease of use of rules, workflow, product configuration, and document management capabilities; basic, advanced, and additional functionality for the base offering; references’ view of features and functions; and number of deployments for various personal and commercial lines of business. Read the report here.

The XCelent Customer Base Award for the leading solution in the “Customer Base” category considered the number of North American customers across various tiers and using various versions; the number of North American customers in implementation; and the number of customers outside North America to select the top performer in this category. Guidewire has won the award in this category in the last three North American Claims Systems Vendors reports that Celent has published.

“Guidewire ClaimCenter is a comprehensive claims solution,” said Donald Light, a research director with Celent’s Insurance practice and coauthor of the report. “It offers deep functionality and a very well designed user experience, to insurers of all sizes writing personal, commercial, and specialty business.”

“We are honored to receive this recognition from Celent, a well-respected analyst firm covering the P/C insurance market,” said Brian Desmond, senior vice president, Marketing, Guidewire. “We believe that technology must continually improve to meet the needs of P/C insurers to transform their business across the entire insurance lifecycle and we are intent on meeting this need.”

Guidewire ClaimCenter is a leading end-to-end claims management system, built from the ground up to meet the specific needs of today’s General insurers. ClaimCenter’s flexible business rules enable claims organizations to define, enforce and continually refine their preferred claim handling practices in order to optimize and monitor their claim processes. ClaimCenter is in use by insurers of all sizes across all product lines to improve speed and accuracy, reduce loss adjustment expense, and enable proactive management of claims. ClaimCenter is available as a stand-alone system or as part of Guidewire InsuranceSuite™, and can be integrated to an insurer’s legacy systems or third-party applications.

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 180 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, are registered trademarks of Guidewire Software, Inc. in the United States and/or other countries.

¹ Claims System Vendors – North American P&C Insurance 2014, Celent, Karlyn Carnahan and Donald Light, November, 2014.

Source: Guidewire Software, Inc.

Guidewire Software, Inc.
Diana Stott, +1 650-356-4941
Director, Communications
dstott@guidewire.com