Guidewire Software, Inc. (NYSE:GWRE), a provider of software products to
Property/Casualty (P/C) insurers, today announced that The Motorists
Insurance Group (Motorists), a major P/C regional insurer, has selected
Guidewire InsuranceSuite™ as its new platform for underwriting, claims
management, billing, and rating and policy administration. PwC US, a
Guidewire PartnerConnect™ alliance member, will team with Motorists in
implementing the Guidewire solution.
Motorists sought a pre-integrated suite of products that would provide
the flexibility it needed for product innovation and the functionality
required to provide customized service and quality insurance solutions.
By selecting InsuranceSuite, the company will streamline and improve
business processes and system infrastructure, increase operational
efficiencies and, more importantly, enable the innovation necessary to
transform the organization.
“Complex market demands and abundant technology options have contributed
to a dramatically different industry landscape and a need for
significant change,” said John Kessler, senior vice president and chief
information officer, Motorists. “We have an unprecedented opportunity to
transform our organization.”
A successful transition to a modern technology platform and data
architecture will allow Motorists to:
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Improve service levels for agents and policyholders through
automation, accessibility and self-service capabilities;
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Improve product and pricing flexibility along with speed to market;
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Promote consistent business practices and support a single, unified
data model across all companies in the group; and
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Enhance operational efficiencies by standardizing policy
administration, billing management and claims handling processes.
“The InsuranceSuite platform will provide the flexibility to allow us to
be more product centric, build analytics and power the customer
experience,” said Kessler. “The enhanced knowledge management
capabilities and accessibility is expected to have a significant impact
on the products and services we deliver and on the responsiveness to our
customers’ needs.”
“We are pleased to welcome Motorists to the Guidewire family as an
InsuranceSuite customer,” said Dan Gordon, vice president, Product
Strategy, Guidewire Software. “We admire Motorists’ dedication to
providing its policyholders with excellent products and services, and we
look forward to helping Motorists meet its current and future business
objectives.”
Guidewire InsuranceSuite powers the mission-critical operations of
Property/Casualty insurers competing in today’s market. The suite was
designed using a modular approach, enabling insurers to select
individual applications — Guidewire PolicyCenter®, Guidewire
BillingCenter® and Guidewire ClaimCenter® — or a pre-integrated set,
driven by their requirements and priorities. InsuranceSuite provides the
flexibility insurers need to deliver insurance the way they want to, by
rapidly delivering better products and service to their policyholders
and agents, while improving underwriting discipline and lowering
operational costs.
About The Motorists Insurance Group
The Motorists Insurance Group, headquartered in Columbus, Ohio, consists
of 11 property and casualty insurance, life insurance and insurance
brokerage companies. The group markets insurance solutions through more
than 14,000 independent agents and producers in a network of more than
2,000 agencies in states across the Midwest, Northeast and South.
The Motorists Insurance Group is rated A (Excellent) by A.M. Best
Company, the leading provider of insurer ratings. The rating measures
financial strength and ability to meet obligations to policyholders.
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 180 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