Southeastern insurer to leverage Guidewire cloud-based solution to
increase business agility and enhance operational efficiencies for
agents and policyholders
MACON, Ga. & FOSTER CITY, Calif.--(BUSINESS WIRE)--Mar. 7, 2018--
Southern Trust Insurance Company, a personal and business insurance
provider, and Guidewire Software, Inc. (NYSE: GWRE), a provider of
software products to Property and Casualty (P&C) insurers, today
announced that Southern Trust has selected Guidewire InsuranceNow™ to
modernize its technology platform and transform the way it does
business. The company plans to begin implementing InsuranceNow’s
All-in-One functionality for its Business Owners Policy (BOP) line of
business in South Carolina, with other states and lines of business to
“We believe Guidewire InsuranceNow will make it easier for our agents
and policyholders to do business with us, streamline policy processing,
and access information in our books of business better,” said Les Cole,
president, Southern Trust.
“InsuranceNow will simplify our system landscape by reducing the number
of systems we have to support, thereby enabling us to focus on more
value-added services to the business, especially business intelligence,”
said Jerry Johns, vice president, Information Technology, Southern
Trust. “We plan to grow the company, so InsuranceNow and the cloud are
strategic parts of our future, helping ensure business continuity by
enabling us to scale up quickly through the redundancy and strength of
Amazon Web Services as a cloud platform. We will also be more flexible
and maneuverable and better able to go after other market segments and
InsuranceNow will enable Southern Trust to:
Enhance operational efficiency and productivity throughout the
organization by standardizing policy administration, billing
management and claims handling processes on a cohesive technology
Allow current IT staff to focus on more strategic initiatives to
support the business; and
Increase speed-to-market and business agility, as well as reduce
system maintenance costs, by leveraging cloud technology.
“We are pleased to welcome Southern Trust to the Guidewire customer
community,” said Steve Sherry, chief sales officer, Guidewire Software.
“We applaud the company’s mission to evolve its technology foundation so
it can continue addressing the unique needs of its agents and
policyholders. We are excited to begin our work together.”
InsuranceNow™ is a cloud-based, all-in-one solution that supports
the P&C insurance lifecycle. Its integrated design, out-of-the-box
functionality, and guided approach enable fast implementation and quick
upgrades. Cloud-based delivery and ongoing operational support by
Guidewire provide insurers the freedom to focus on innovation and
respond rapidly to market demands, even when they have limited IT
About Southern Trust Insurance Company
Southern Trust Insurance Company provides personal and business
insurance products to policy holders and agencies through the
independent agency system in Georgia, South Carolina, and Tennessee. It
offers personal auto insurance to cover liability, physical damage,
medical payments, uninsured motorist, towing and loss of use, and good
driver rates; personal insurance for home, such as replacement cost on
dwelling, replacement cost on contents, discount for protective devices,
new home discount, and ‘loss free’ credit; and coverage for scheduled
personal property/valuables, personal umbrella liability, dwelling fire,
tenant policy, and condominium policy. The company also provides
insurance for small and medium size businesses, such as mercantile and
retail stores, financial institutions, offices, artisan contractors,
wholesalers, and service providers. In addition, it offers automatic and
optional insurance coverage for the business owners, business auto,
commercial package, business liability, general liability, inland
marine, crime, professional liability, workers compensation, commercial
umbrellas, and equipment breakdown. Southern Trust Insurance Company was
founded in 1968 and is based in Macon, Georgia. For more information,
please visit www.stins.com.
About Guidewire Software
Guidewire delivers the software that Property and Casualty (P&C)
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 P&C insurers around the world have selected Guidewire. For more
information, please visit www.guidewire.com.
Follow us on twitter: @Guidewire_PandC.
NOTE: For all information about Guidewire’s trademarks, visit https://www.guidewire.com/legal-notices.
View source version on businesswire.com: http://www.businesswire.com/news/home/20180307005001/en/
Source: Guidewire Software, Inc.
Guidewire Software, Inc.
Diana Stott, +1-650-356-4941