American Modern Insurance Group (American Modern), a U.S. specialty
insurer, and Guidewire Software, Inc. (NYSE: GWRE), a provider of
software products to Property/Casualty (P/C) insurers, today announced
that American Modern has selected Guidewire DataHub™ and Guidewire
InfoCenter™ to support its enterprise-wide data management and business
intelligence strategies. Guidewire PartnerConnect™ alliance member, EY
(Ernst & Young), has been selected to work with American Modern on the
implementation project.
American Modern is currently implementing Guidewire InsuranceSuite™ as
part of a broader business transformation initiative and will be
implementing DataHub and InfoCenter for its Personal Lines business. The
organization selected DataHub and InfoCenter to help make data easier to
access and understand for its customers, which includes both internal
operations and agents. American Modern wanted a data model that aligns
with P/C industry standards and best-practices and enables standardized
documentation of its data to be created and maintained.
“Ultimately, we expect that Guidewire DataHub and InfoCenter will give
us a single source of truth in terms of data,” said Bill Gottsacker,
vice president, Application Development, American Modern. “Our vision is
to have accurate, standardized data that is available at both a
transactional and an aggregated level in a centralized data repository.
In addition, we look forward to having an automated business
intelligence solution that will allow business users to quickly
visualize data and generate actionable business insight.”
InfoCenter and DataHub will enable American Modern to:
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Improve the ease of doing business for agents, internal operations and
staff through the enhancement of self-service options that will enable
them to access reports and conduct queries independently;
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Obtain greater operational insight from its core systems and an
enterprise-wide view to fine-tune its business; and
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Better map and convert data into its new core systems.
“We see our information as one of the most valuable assets of the
organization. Our ability to readily harness insights from that
information in order to be more responsive to our customers and business
partners is a critical component in the achievement of our goals and
strategies,” said Laura Harris, vice president, Business Intelligence
and Analytics, American Modern. “The implementation of DataHub and
InfoCenter will significantly extend the predictive analytic
capabilities of our organization, in particular in the areas of customer
retention, lifetime value, and new business conversion.”
“We are pleased that American Modern has selected Guidewire DataHub and
InfoCenter,” said Ken Branson, director of Product Strategy and
co-founder, Guidewire Software. “We are excited about partnering with
them on this project and helping them realize their goal of gaining
access to insights and data from across all their operations.”
Guidewire DataHub™ is an operational data store that unifies,
standardizes, and stores data from the typical patchwork of an insurer’s
systems as well as from external sources. This provides the single
source of truth to feed core systems, business intelligence solutions,
and downstream systems such as general ledger, regulatory, and tax
reporting. DataHub decouples data consumption from data production, thus
insulating downstream data consumers from changes in the behavior and
configuration of upstream data producers. With DataHub, insurers can
more easily retire legacy systems, ensure business continuity during
core system transformation, and add new applications in the future.
Guidewire InfoCenter™ is a business intelligence warehouse optimized for
the Property/Casualty industry to provide information in easy to use
formats for business intelligence, analysis, and enhanced decision
making. Pre-integration with Guidewire products significantly reduces
implementation time, risk and maintenance overhead, allowing customers
to focus on configuration for their unique needs. It is compatible with
a variety of industry-standard business intelligence tools.
About American Modern Insurance Group
American Modern is widely recognized as a leading expert in the
specialty insurance business. With more than 48 years of experience in
the manufactured housing insurance sector, the company delivers
specialized products and services for residential property like mobile
homes and specialty dwellings. American Modern also offers specialty
policies for consumers in the recreational market, including owners of
boats, personal watercraft, classic cars, motorcycles, ATVs and
snowmobiles.
In addition, manufactured home communities, dealers and landlords are
well served by American Modern's array of physical damage programs. The
company’s financial institutions division provides collateral
protection, mortgage fire and related products and services to protect
financial institutions and their customers.
American Modern's stability is reflected in its A+ (Superior) rating by
the A.M.
Best Company and its selection for 14 consecutive years as one of
the Ward
Group’s Top 50 property and casualty companies in America. It is
licensed in all 50 states through six property and casualty companies,
insuring more than 1.7 million policyholders countrywide.
The Cincinnati Business Courier recognized American Modern as a 2013
winner of the Best Places to Work award based on employee surveys that
measure employee recognition, benefits, management effectiveness, and
leadership trustworthiness.
About Guidewire Software
Guidewire builds software products that help Property/Casualty insurers
replace their legacy core systems and transform their business. Designed
to be flexible and scalable, Guidewire products enable insurers to
deliver excellent service, increase market share and lower operating
costs. Guidewire InsuranceSuite™ provides the core systems used by
insurers as operational systems of record. Additional products provide
support for data management, business intelligence, anytime/anywhere
access and guidance and monitoring. More than 150 Property/Casualty
insurers around the world have selected Guidewire. For more information,
please visit www.guidewire.com.
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NOTE: Guidewire, Guidewire Software, Guidewire ClaimCenter, Guidewire
PolicyCenter, Guidewire BillingCenter, Guidewire InsuranceSuite,
Guidewire PartnerConnect, Guidewire SolutionConnect, Guidewire Live,
Live Inside, Before & After, Claim Canvas, Viewpoint, 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.
Copyright Business Wire 2014