Guidewire Software, Inc. (NYSE: GWRE), a provider of flexible software
products 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 Insurance Policy Management
Modules,” report.I The report evaluated the 10 solutions
that met Gartner’s criteria for inclusion. Guidewire PolicyCenter®
earned a “Strong Positive” rating which is the report’s highest
category. PolicyCenter is the sole solution to be named to the “Strong
Positive” category for the second consecutive year. The report can be
viewed here.
According to the report, “Policy management modules, along with the
billing and claims modules that form core solution suites, are
increasingly seen by insurers as prerequisites for achieving
next-generation capabilities,” said Jeff Haner, principal research
analyst, Insurance, Gartner and author of the report. “Without the
modern, flexible foundation these solutions provide, insurers will not
be able to adopt the emerging technologies, new products and new
business models that will be essential for long-term viability.”
“The Guidewire team is honored to receive a strong positive rating by
Gartner,” said Brian Desmond, vice president, Marketing, Guidewire
Software. “We are very pleased with the adoption of PolicyCenter
globally which this rating in part reflects. We also recognize the need
to continually improve to ensure we maintain our track record of helping
our customers transform their business.”
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 the MarketScope
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 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.
Follow us on twitter: @Guidewire_PandC.
1 Gartner MarketScope for North American Property and
Casualty Policy Insurance Management Modules, Jeff Haner, 19 March
2014; G00248257
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