Guidewire Recognized as Only Vendor to Receive Highest Possible Rating in Gartner’s Policy Management Modules MarketScope Report
Guidewire Software, Inc. (NYSE: GWRE), a leading provider of flexible
core systems to Property/Casualty (P/C) insurers, today announced that
the company was recognized in Gartner’s recently published, “MarketScope
for North American Property and Casualty Policy Management Modules,”
report. I The report evaluated the 14 solutions that met
Gartner’s criteria for inclusion. Guidewire PolicyCenter® earned a
“Strong Positive” rating which is the report’s highest possible
category. PolicyCenter is the sole solution to be named to the “Strong
Positive” category. The report can be viewed here.
“As customer retention and growth through improved service and new
products have become top business priorities, Property/Casualty (P/C)
insurers are increasingly viewing modern policy management modules as
one of their most important technology investments,” said Jeff Haner,
principal research analyst, Insurance, Gartner and author of the report.
“These systems —with capabilities such as support for customer
self-service and real-time transactions, templates for faster deployment
of new products, and design tools that make common product changes
accessible to nontechnical users — promise improvements in speed and
flexibility that are orders of magnitude greater than legacy policy
systems.”
To date, more than 35 insurers globally have selected PolicyCenter to
run their underwriting and policy administration operations; more than a
dozen of whom are in production with the system.
“The Guidewire team is honored to receive this rating by Gartner, a
highly respected analyst firm,” said Marcus Ryu, chief executive
officer, Guidewire Software. “We are extremely pleased with the momentum
we have in the market with PolicyCenter and this rating reflects our
progress. We also recognize the need to continually improve our
products, services and partner ecosystem to ensure that we maintain a
strong track record of helping our customers succeed.”
Guidewire PolicyCenter® is a flexible underwriting and policy
administration system that enables Property/Casualty insurers to grow
business profitably by improving efficiency, while responding with
agility to market opportunities and enhancing relationships with agents
and customers. Designed to support both commercial and personal lines,
PolicyCenter helps insurers streamline front and back office processes,
from new business submission and quoting through policy renewals.
PolicyCenter is available as a standalone system or as part of Guidewire
InsuranceSuite™, and can be integrated to an insurer’s legacy systems or
third party applications.
MarketScope Disclaimer
Gartner does not endorse any vendor, product or service depicted in its
research publications, and does not advise technology users to select
only those vendors with the highest ratings. Gartner research
publications consist of the opinions of Gartner's research organization
and should not be construed as statements of fact. Gartner disclaims all
warranties, expressed or implied, with respect to this research,
including any warranties of merchantability or fitness for a particular
purpose.
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 Foster
City, California, with offices in Beijing, Dublin, Hong Kong, London,
Munich, Paris, Sydney, Tokyo, Toronto and Warsaw. For more information,
please visit www.guidewire.com.
1 Gartner MarketScope for North American Property and
Casualty Policy Management Modules, Jeff Haner, February 11, 2013;
G00229216
NOTE: Guidewire, Guidewire Software, Guidewire ClaimCenter, Guidewire
PolicyCenter, Guidewire BillingCenter, Guidewire InsuranceSuite,
Guidewire Live, Before & After, Guidewire PartnerConnect, Guidewire
SolutionConnect. Deliver Insurance Your Way, and the Guidewire logo are
trademarks, service marks, or registered trademarks of Guidewire
Software, Inc. in the United States and/or other countries.
