Canadian general insurer to leverage Guidewire Core and Data products
to adapt business processes for generating top-line growth and improving
LINDSAY, Ontario & FOSTER CITY, Calif.--(BUSINESS WIRE)--Jan. 16, 2018--
The Commonwell Mutual Insurance Group, an Ontario-based mutual insurer
that provides residential, automobile, farm, and commercial insurance
products, and Guidewire Software, Inc. (NYSE: GWRE), a provider of
software products to Property and Casualty (P&C) insurers, today
announced that The Commonwell has selected Guidewire Core and Data
products to modernize its systems and transform the way it does business.
The Commonwell has selected Guidewire InsuranceSuite™, Client Data
Management, Rating Management, and Reinsurance Management as its policy
administration, underwriting, client data, rating, reinsurance, claims,
and billing management platform. The company also selected Guidewire
DataHub™ and InfoCenter as its enterprise data management and analytics
solution. The Commonwell plans to implement all of the products at the
same time, across all of its commercial and personal lines of business
in the province of Ontario.
Tim Shauf, President and Chief Executive Officer, The Commonwell, said,
“Guidewire’s product maturity, market share, and track record of
successful implementations were important factors in our decision-making
process. We are confident that this strategic relationship will provide
The Commonwell with the ability to pivot our operations and systems and
create the opportunity for transformational change, thereby growing our
business and introducing efficiencies and integrations that will enhance
our customer and member experience.”
“We were looking for a comprehensive solution that required minimal
customization, so the out-of-the-box functionality of InsuranceSuite was
especially attractive to us,” said Jennifer Baziuk, Vice President,
Information Technology, The Commonwell. “By selecting Guidewire, we will
be able to build on the synergies and best practices learned throughout
each phase of the implementation process.”
InsuranceSuite, DataHub, and InfoCenter will enable The Commonwell to:
Increase business agility by minimizing custom development and
multi-phased approaches to bring new products and product enhancements
to market more quickly;
Leverage tools that will eliminate manual processes making it easier
for brokers to do business; and
Enhance operational efficiency and productivity throughout the
organization by standardizing policy administration, billing
management and claims handling processes on a common platform.
“We are pleased to welcome The Commonwell Mutual Insurance Group to the
Guidewire customer community,” said Steve Sherry, Chief Sales Officer,
Guidewire Software. “We applaud The Commonwell’s dedication to
protecting people and earning their trust and are looking forward to
helping the company achieve and exceed its business objectives.”
About The Commonwell Mutual Insurance Group
Established January 1, 2014, The Commonwell Mutual Insurance Group is a
merger of three longstanding mutual insurance companies that has been
built on more than a century of hands-on commitment to the local
communities it serves. Since its founding three years ago, The
Commonwell Mutual Insurance Group operates on the same historical
premise of its three legacy companies – maintaining a focus on local
presence and service that builds strong long-term relationships for the
benefit of the greater community. www.thecommonwell.ca
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: Guidewire, Guidewire Software, Guidewire ClaimCenter, Guidewire
PolicyCenter, Guidewire BillingCenter, are registered trademarks of
Guidewire Software, Inc. in the United States and/or other countries.
View source version on businesswire.com: http://www.businesswire.com/news/home/20180116005665/en/
Source: Guidewire Software, Inc.
Guidewire Software, Inc.
Diana Stott, +1-650-356-4941
Commonwell Mutual Insurance Group
+1-705-324-2146 Ext 1409
Manager Communication & Brand