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Oct 18, 2010 at 11:09 AM EDT

Guidewire Software Honors Ernst & Young as 'Partner of the Year - 2010'

Award recognizes Partner Excellence in Insurance Suite delivery and commitment to Guidewire

Guidewire Software®, a leading provider of flexible core systems to property/casualty (P/C) insurers, today announced Ernst & Young LLP (Ernst & Young) as its Guidewire PartnerConnect Partner of the Year - 2010. Ernst & Young has been supporting and leading Guidewire Insurance\Suite™ system implementations since 2008 and has demonstrated a commitment to fostering its Guidewire practice.  

P/C insurers around the world face the challenge and need to replace aging core systems with state-of-the-art technology options such as those provided by Guidewire. The ability to rapidly respond to market conditions has become a business necessity.  Ernst & Young, through its broad insurance industry experience and deep subject matter knowledge, understands these challenges and the desire of Guidewire customers to most quickly see the return on their Guidewire technology investment. The firm has made the commitment that its professionals will be knowledgeable and prepared to lead these Guidewire system implementation projects.  To date, Ernst & Young has participated in eight successful Guidewire implementation projects, including six in which it played a leading role. Ernst & Young Guidewire projects include: Bear River Mutual, IAG/CGU, and Zurich in Canada.    

“Guidewire is deeply committed to the property/casualty market and to ensuring that our customers are successful in getting the most benefit from their Guidewire investments,” said Priscilla Hung, Guidewire Software Vice President, Operations. “Ernst & Young has demonstrated a strong commitment to our company and customers and has established and nurtured its Guidewire practice. We are honored to recognize the results its teams have achieved in helping to make our mutual customers successful.”

“We are pleased to be recognized for the achievements of our Guidewire practice,” said David Connolly, Principal, Financial Services, Ernst & Young LLP. “We bring our industry experience and our knowledge of Guidewire InsuranceSuite systems to every project, where we work hand-in-hand with Guidewire and P/C insurers as they look to transform their core system operations.”

“Our alliance partners are key contributors to Guidewire’s growth and customer success track record,” added Marcus Ryu, Chief Executive Officer, Guidewire Software. “We thank each of our PartnerConnect members for their impactful contributions and specifically wish to congratulate Ernst & Young on their stand-out performance.”

About Guidewire PartnerConnect

Guidewire PartnerConnect members provide a wide range of services to the property/casualty insurance community, including: business transformation consulting and strategy, and IT related services. To date, world-wide, Guidewire practices include over 1,000 consultants, 250 of whom are functional and technical consultants certified on Guidewire products.  PartnerConnect member benefits include: a close working relationship with the Guidewire team, senior executive sponsorship, training discounts, and Guidewire product strategy previews.

About Guidewire Software

Guidewire Software is a provider of core system software to the global Property/Casualty (general) insurance industry. Designed to be flexible and scalable, Guidewire solutions give insurers the capability to deliver excellent service, increase market share and lower operating costs. Guidewire InsuranceSuite™, consisting of Guidewire PolicyCenter®, Guidewire ClaimCenter® and Guidewire BillingCenter® spans the key functional areas in insurance – underwriting and policy administration, claims management, and billing. Guidewire is headquartered in San Mateo, California, with offices in Beijing, Dublin, Hong Kong, London, Munich, Paris, Sydney, Tokyo, and Toronto. For more information, please visit www.guidewire.com