Germania Insurance, a Texas Property/Casualty (P/C) insurer, and
Guidewire Software, Inc. (NYSE:GWRE), a provider of software products to
P/C insurers, today announced that Germania Insurance has selected
Guidewire InsuranceSuite™ as its new platform for the management of
underwriting, policy administration, claims, billing, rating, client
data, and reinsurance. The company has also selected Guidewire
InfoCenter and DataHub as its data management and business intelligence
solutions.
Germania selected InsuranceSuite as part of an organization-wide
transformation initiative to support the company’s vision. Updating its
existing systems will help Germania sharpen its competitive edge and
provide a better overall experience for agents, employees, and
policyholders.
Germania will be deploying InsuranceSuite in three phases. Guidewire
ClaimCenter® and InfoCenter represent the first phase of implementation.
BillingCenter and PolicyCenter will be deployed next, and Germania’s
Commercial General Liability and Business Auto Lines will conclude the
implementation.
“Implementation of the Guidewire system will have a significant positive
impact due to increased functionality and an improved overall
experience,” said Gary Weiss, first vice president, Germania Insurance.
“Germania will be able to more effectively meet our customers’ needs.”
“From the very beginning, we were looking for a full product suite to
transform our business,” said Blake Lovelace, second vice president,
Germania Insurance. “There are a number of factors that appealed to us
regarding Guidewire and InsuranceSuite. We were impressed with the
strength of Guidewire’s overall technology architecture as well as
InsuranceSuite’s functionality. Also, we have confidence in Guidewire
based on their implementation record of success and their strong
reputation.”
InsuranceSuite will enable Germania Insurance to:
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Enhance the experience of its customers;
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Increase speed-to-market of new product development and offerings; and
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Reduce technology risks and associated costs.
“We are pleased that Germania Insurance has chosen Guidewire
InsuranceSuite to transform their business,” said Steve Sherry, group
vice president, Americas Sales. “We look forward to working with
Germania to successfully implement the platform, helping them to achieve
their business objectives, and deliver high levels of customer service.”
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 Germania Insurance
The Germania Companies are part of a proud tradition of mutual insurance
companies dating back many generations. Germania began 118 years ago in
Perry, Texas with 31 members – Central Texas farmers committed to the
principle that bearing one another’s burdens made them all stronger.
Known as "The Insurance Texans Trust" Germania Insurance offers home,
auto and life insurance. For more information, please visit www.germaniainsurance.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 180 Property/Casualty
insurers around the world have selected Guidewire. For more information,
please visit www.guidewire.com.
Follow us on twitter: @Guidewire_PandC.
NOTE: Guidewire, Guidewire Software, Guidewire ClaimCenter, Guidewire
PolicyCenter, and Guidewire BillingCenter are registered trademarks of
Guidewire Software, Inc. in the United States and/or other countries.
Copyright Business Wire 2014