Multi-state southeastern commercial and personal insurer to use
Guidewire systems to better understand and serve their markets
RIDGELAND, Miss. & FOSTER CITY, Calif.--(BUSINESS WIRE)--Jun. 8, 2016--
Southern Farm Bureau Casualty Insurance Company, a leading provider of
Property and Casualty insurance in the U.S., and Guidewire Software,
Inc. (NYSE: GWRE), a provider of software products to Property/Casualty
(P/C) insurers, today announced that Southern Farm Bureau has selected
Guidewire core processing, data and analytics, and digital engagement
products. Ernst & Young LLP, a Guidewire PartnerConnect™ Consulting
Premier member, has been selected to lead the implementation.
Southern Farm Bureau selected Guidewire PolicyCenter® and Rating
Management as its underwriting, rating, and policy administration
platform. With this selection, the company is now a full Guidewire
InsuranceSuite™ customer. Southern Farm Bureau has also selected
Guidewire DataHub™ and InfoCenter as its enterprise-wide data management
and business intelligence solution and included Guidewire Gateway
Portal™ for Agents and Quote and Buy Portal for Policyholders to enhance
the digital experience of its agents and customers. Southern Farm Bureau
completed its initial deployments of Guidewire ClaimCenter® and
Guidewire BillingCenter® in May 2014. The company is currently
completing its rollout of BillingCenter for all lines of business across
its six regional companies in Florida, South Carolina, Arkansas,
Mississippi, Colorado, and Louisiana, and will implement PolicyCenter
for its farm, personal auto and property lines of business in those
states.
“We are excited to continue our partnership with Guidewire through the
selection and implementation of PolicyCenter and its Data and Digital
products to help to better understand our markets and enhance the
service we provide,” said Geoff Mercer, senior vice president,
Technology, Southern Farm Bureau. “We are looking forward to all of the
benefits we will receive from running these modern systems that
complement our previous investments in ClaimCenter and BillingCenter.”
Guidewire’s systems will enable Southern Farm Bureau to:
-
Benefit from a suite of smartly integrated systems built on a modern
technology platform designed to grow and change with its business;
-
Improve the ease of doing business for staff through the deployment of
self-service options that will enable them to access reports and
conduct queries independently;
-
Empower agents and policyholders with quoting and policy management
capabilities; and
-
Improve market responsiveness and lower total cost of ownership.
“The EY team first started working with Southern Farm Bureau on its
ClaimCenter program deployment, and we are thrilled to continue on with
the company’s next phase of core system transformation,” said Brajesh
Kumar, Principal, Ernst & Young LLP. “We look forward to very successful
PolicyCenter, Rating and Digital implementations.”
“We appreciate Southern Farm Bureau’s decision to extend their
relationship with us and welcome them as a full InsuranceSuite
customer,” said Steve Sherry, senior vice president, Worldwide Sales,
Guidewire Software. “We applaud the company’s commitment to help ensure
their ability to compete in the rapidly changing insurance marketplace,
and we look forward to working with them and EY on this project.”
About Southern Farm Bureau Casualty
Southern Farm Bureau Casualty Insurance Company (SFBCIC) is a multi-line
regional property and casualty insurance company operating directly and
indirectly in six states: Arkansas, Colorado, Florida, Louisiana,
Mississippi and South Carolina. SFBCIC was established 65 years ago to
provide quality service and competitive products for its policyholders
and is rated A+ by A.M. Best Company. For additional information about
Southern Farm Bureau, visit www.sfbcic.com.
About EY
The global EY organization is a leader in assurance, tax, transaction,
legal, and advisory services. We leverage our experience, knowledge and
services to help build trust and confidence in the financial markets and
in economies all over the world. We are ideally equipped for this task –
with well trained employees, strong teams, excellent services and
outstanding client relations. Our global mission is to drive progress
and make a difference by building a better working world – for
our people, for our clients and for our communities.
The global EY organization refers to all member firms of Ernst & Young
Global Limited (EYG). Each EYG member firm is a separate legal entity
and has no liability for another such entity’s acts or omissions. Ernst
& Young Global Limited, a UK company limited by guarantee, does not
provide services to clients. For more information, please visit www.ey.com.
Ernst & Young LLP is a member firm serving clients in the US.
About Guidewire Software
Guidewire delivers the software that Property/Casualty (P/C) insurers
need to adapt and succeed in a time of rapid industry change. We combine
three elements – core processing, data and analytics, and digital
engagement – into a technology platform that enhances insurers’ ability
to engage and empower their customers and employees. More than 200 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/20160608005002/en/
Source: Guidewire Software, Inc.
Guidewire Software, Inc.
Diana Stott, +1 650-356-4941
Director,
Communications
dstott@guidewire.com
or
Ernst
& Young LLP
John La Place, +1 212-773-1705
Associate
Director
john.laplace@ey.com