Nationwide Mutual Insurance Company, one of the largest insurance and
financial services companies in the United States, and Guidewire
Software, Inc. (NYSE:GWRE), a provider of software products to
Property/Casualty (P/C) insurers, today announced that Nationwide has
successfully implemented Guidewire PolicyCenter® as its new underwriting
and policy administration solution. Guidewire PartnerConnect™ Consulting
partner, EY, led the implementation, working in close collaboration
with Nationwide and Guidewire.
Nationwide selected PolicyCenter to consolidate its multiple policy
administration systems with one that could help the company increase its
customer service capabilities, enable better underwriting risk analysis,
and provide the needed flexibility to grow with its business. Following
the conclusion of their implementation project, the company is now in
pilot production with its Personal Umbrella line of business in one
state, supporting two out of three sales channels. The company is also
in production with Guidewire ClaimCenter.
“Our initial PolicyCenter implementation has gone very smoothly and user
feedback has been overwhelmingly positive,” said Jim Korcykoski, CIO
Personal Lines & Direct, Nationwide Insurance. “We attribute our
successes to date to a combination of lessons learned from our
ClaimCenter implementations, a very strong and dedicated internal team,
great partners, and the Guidewire technology. This implementation is a
significant step in our journey to simplify our products and processes
onto a common set of platforms. This simplification gives us the
speed-to-market, agility, and cost advantage necessary to enable our
business strategy.”
PolicyCenter is enabling Nationwide to:
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Leverage automated underwriting rules and real-time functionality;
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Streamline the training of staff as a result of PolicyCenter’s
intuitive interface; and
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Bring new products and product enhancements to market more quickly.
“We congratulate Nationwide Insurance on their successful deployment of
PolicyCenter,” said Mike Polelle, chief customer officer, Guidewire
Software. “We admire the focus Nationwide places on its members, and we
are proud to work with them to help them achieve their customer service
and business transformation 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 Nationwide
Nationwide, a Fortune 100 company based in Columbus, Ohio, is one of the
largest and strongest diversified insurance and financial services
organizations in the U.S. and is rated A+ by both A.M. Best and Standard
& Poor’s. The company provides a full range of insurance and financial
services, including auto, commercial, homeowners and life insurance;
public and private sector retirement plans, annuities and mutual funds;
banking and mortgages; specialty health; pet, motorcycle, boat and farm
insurance. For more information, visit www.nationwide.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.
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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 2015