Insurance Corporation of British Columbia (ICBC), a provincial Crown
corporation and sole provider of universal compulsory auto insurance in
British Columbia, and Guidewire Software, Inc. (NYSE: GWRE), a provider
of software products to Property/Casualty insurers, today announced that
ICBC has selected Guidewire PolicyCenter® as its new underwriting and
policy administration solution. Guidewire PartnerConnect ™ alliance
member, EY (Ernst & Young), has been selected to lead the implementation
project.
After successfully beginning the deployment of Guidewire ClaimCenter® as
its new end-to-end claims management system this past November, ICBC
will now be working toward implementing PolicyCenter in an effort to
modernize its policy administration system infrastructure and business
processes. The organization is seeking to take advantage of new
technologies to better serve its customers and brokers, update and
improve its products and pricing, and introduce new industry standard
offerings.
“With PolicyCenter, we are adopting foundational technology that is
flexible and future-oriented,” said Kellee Irwin, ICBC’s vice president
of insurance and driver licensing (acting). “A lot of what we do today,
in terms of our sales process, is manual, time consuming, and
inflexible. We look forward to PolicyCenter helping us enhance our
customer focus and maintain the company’s financial stability.”
PolicyCenter will enable ICBC to:
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More quickly and cost-effectively roll-out improvements to ICBC’s
products and pricing;
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Modernize the sales process and make it easier for both brokers and
customers to do business with ICBC;
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Introduce new industry standard offerings and take advantage of new
technologies to better serve customers; and
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Enhance operational efficiencies by automating manual tasks.
“We are pleased that ICBC has selected PolicyCenter,” said Steve Sherry,
group vice president, Americas Sales, Guidewire Software. “We recognize
ICBC’s commitment to providing high levels of service to their customers
and look forward to helping them reach their goals.”
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.
About Insurance Corporation of British Columbia (ICBC)
ICBC serves 3.3 million customers in the province of British Columbia,
Canada. ICBC licenses and insures drivers and vehicles across the
province through its service centres, plus a network of more than 900
independent brokers and government agent offices. Claims customers are
served through local offices and an award-winning Dial-a-Claim call
centre. ICBC's road safety investments help create safer roads, lead to
fewer crashes, and help keep rates as low as possible. To find out more,
visit www.icbc.com.
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 DataHub, Guidewire InfoCenter, 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.
Copyright Business Wire 2014