Largest Colombian insurer implements Guidewire InsuranceSuite™ to
improve time-to-market and increase efficiency
MEDELLÍN, Colombia & FOSTER CITY, Calif.--(BUSINESS WIRE)--Nov. 6, 2018--
Seguros SURA Colombia (SURA), the largest insurer in Colombia, and
Guidewire Software, Inc. (NYSE: GWRE), provider of the industry platform
Property and Casualty (P&C) insurers rely upon, today announced that
SURA has successfully deployed Guidewire InsuranceSuite™, Guidewire
Client Data Management™, Guidewire Rating Management™, and Guidewire
Reinsurance Management™ as its new solutions for underwriting, policy
administration, claims, client data, rating, reinsurance, and billing
management. The company first deployed the solutions for its personal
auto line of business, and is currently implementing them to 15 other
lines of business.
Valentina Sierra Toro, director, SURA, said, “InsuranceSuite provides us
with the ability to manage our core operations on a single,
natively-connected platform. With InsuranceSuite, we are able to
simplify the underwriting process by automating manual processes,
thereby increasing operational efficiency, employee productivity, and
collaboration. Feedback from users has been positive and they are
satisfied with the new solutions.”
“We had an aging core system, so InsuranceSuite is helping us modernize
and transform the way we do business by standardizing using best
practices,” said David Andres Cardona Londoño, director, Core Project
Architecture, SURA. “InsuranceSuite enables us to improve time-to-market
by increasing our responsiveness to changing business and technical
requirements by bringing new products and product enhancements to market
more quickly. We are now able to better handle large group policy
transactions that carry a lot of risk, as well as different currencies
for multichannel and international products.”
“We congratulate SURA on its successful InsuranceSuite deployment,” said
Mike Polelle, chief delivery officer, Guidewire Software. “We are
pleased that the products are providing SURA with the foundation to meet
the needs of its policyholders and offer them peace of mind.”
About Seguros Sura Colombia
With more than 73 years of experience and 9.41 million unique clients
between its insurance and services companies, it is the leading company
in the country market, with a market share of 25% at the end of 2017. As
a subsidiary company of Suramericana S.A., its business strategy is
focus in accompanying its clients to give them wellness, competitiveness
and sustainability, by means of trend and risk management.
About Suramericana
With more than 73 years of experience, Suramericana S.A. is a company
specialized in the insurance industry and trend and risk management.
It´s a subsidiary of Grupo SURA (81.1%) and has the backing of Munich Re
as a shareholder (18.9%). The company presents itself as the Sura brand,
with a complete portfolio of insurance solutions and integral trend and
risk management. Suramericana has operations in nine countries of Latin
America (Colombia, Chile, Mexico, Argentina, Brazil, Uruguay, Panama,
Dominican Republic and El Salvador), where it reaches 17.5 million
clients.
About Guidewire Software
Guidewire delivers the industry platform that Property and Casualty
(P&C) insurers rely upon to adapt and succeed in a time of accelerating
change. We provide the software, services, and partner ecosystem to
enable our customers to run, differentiate, and grow their business. We
are privileged to serve more than 350 companies in 32 countries. For
more information, please visit www.guidewire.com
and 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: https://www.businesswire.com/news/home/20181106005120/en/
Source: Guidewire Software, Inc.
Guidewire Software, Inc.
Diana Stott, +1-650-356-4941
Director,
Communications
dstott@guidewire.com
