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Columbia Insurance Group Selects Guidewire to Modernize Business Operations
Columbia selected Guidewire InsuranceSuite as their next technological platform to ensure they are serving customers to the best of their ability. Soon Guidewire will power Columbia’s core business, simplify its IT operations and help deliver additional value to agents, policyholders and employees.
It is an essential move to meet the changing market demands, according to Columbia Vice President and Chief Information Officer
“We selected Guidewire because we needed to modernize our technology platform to meet our long-term business strategy needs,” she said. “Guidewire is the leading insurance software provider in the world. It is ahead of others in functionality, focus on research and development, and support, just to name a few.”
Columbia plans to implement InsuranceSuite on Guidewire Cloud for all lines of business in each of the states where it operates individually. Guidewire PartnerConnect Consulting Global Premier member PwC will aid in the project’s implementation.
According to PwC Global Guidewire Practice Leader
“In today's dynamic and ever-changing business environment, cloud transformation has become an essential requirement rather than a luxury,” Ilyas said. “We remain dedicated to providing Columbia with unmatched expertise and support as they embark on this transformative project.”
Wharton agreed. “Guidewire’s approach to cloud transformation made it an easy next choice. The automation, real-time processing and ability to take advantage of emerging technologies will position us to better compete with bigger insurers.”
Guidewire Chief Sales Officer
Wharton said this new partnership helps ensure Columbia’s trusted, superior customer service will continue for generations to come.
“It is truly a monumental time for Columbia, and Guidewire is a key part of that plan. It offers a new, innovative approach enabling smaller insurers to implement emerging technologies in a more economical and expedient fashion,” she said. “We are confident in our plan to deliver a state-of-the-art system that will provide a better experience with less transactional friction, higher efficiency and improved speed to market.”
Columbia also selected Guidewire Canvas, Guidewire Compare, Guidewire Explore, Guidewire HazardHub and Guidewire Predict to embed insights—and the data behind those insights—directly into policy and claims workflows. Additionally, the company selected SmartCOMM™ from
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Guidewire is the platform P&C insurers trust to engage, innovate and grow efficiently. We combine digital, core, analytics and machine learning to deliver our platform as a cloud service. More than 540 insurers in 40 countries, from new ventures to the largest and most complex in the world, run on Guidewire.
As a partner to our customers, we continually evolve to enable their success. We are proud of our unparalleled implementation track record, with more than 1,600 successful projects, supported by the largest R&D team and partner ecosystem in the industry. Our marketplace provides hundreds of applications that accelerate integration, localization and innovation.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20240617029969/en/
Director, Communications
+1.650.781.9955
dstott@guidewire.com
Corporate Communications Specialist
573-474-6193, ext. 1028
mlohmann@colinsgrp.com
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