FRIDAY Deploys Guidewire InsuranceSuite™ in the Cloud in Record 60 Days
German online motor insurer combines innovation with simplicity in new pay-per-kilometer product
FRIDAY, the digital motor insurance insurer, and Guidewire Software, Inc. (NYSE:GWRE), a provider of software products to
general insurers, today announced that FRIDAY is using Guidewire InsurancePlatform™ products to support its business processes and
drive its digital insurance model. FRIDAY has already deployed Guidewire InsuranceSuite™ and Guidewire Rating Management™ as its
platform for underwriting, policy administration, claims management, billing, and rating. FRIDAY is also using Guidewire Digital
Portals™ APIs to enhance its customers’ digital experience.
FRIDAY, the German branch of Bâloise Assurances Luxembourg S.A., provides all its insurance services entirely paperless, mobile
and fully digitally integrated, on a pay-by-month basis, and offers an informal and simple approach to motor insurance through
creative digital engagement.
Working with Guidewire PartnerConnect™ alliance member, PwC, FRIDAY’s team not only implemented the Guidewire platform in the
cloud in a record time, but also built an innovative product, new to the German motor insurer market. This product allows car
owners to pay for insurance on a per-kilometer basis, with the year’s premium adjusted retroactively according to distance, as
transmitted by the customer to FRIDAY.
“At FRIDAY, we aim to shape the future of insurance by offering and developing customer-centric products,” said Christoph
Samwer, CEO and co-founder, FRIDAY. “Our first production release includes a mileage-based product, novel for the German market,
and illustrates well our aim to provide customers with flexible insurance that suits their specific life-styles. Moving forward,
our ambition is to become the most popular mobile insurer in Germany.”
Guidewire products are enabling FRIDAY to:
- Provide customers with excellent digital experience through simple and easy-to-use products;
- Introduce new products fast (monthly, or possibly weekly) due to automation and process support;
- Benefit from cloud-derived efficiencies and cost savings, such as shutting down server when not
required; and
- Utilise an integrated technology platform to build an open API architecture.
“To be innovative in the insurance industry requires a high quality, flexible core system and an outstanding front-end,” said
Silvan Saxer, COO, FRIDAY. “We believe that with Guidewire we have the right technology to achieve our business objectives of
providing products that are best in class, scalable, and secure. The fact that we were able to deploy our platform so quickly,
inside 60 working days, is a great achievement and entirely gratifying.”
“We are delighted to welcome FRIDAY as our latest German customer,” said Keith Stonell, managing director, EMEA, Guidewire. “The
fastest implementation of Guidewire InsuranceSuite ever is a great achievement and highlights their drive. Drawing on the strong
pedigree of its parent, the Swiss based Bâloise Group, the FRIDAY team brings the expertise of a technology business, and a
perspective that will support its ambitious and innovative strategy.”
About FRIDAY
FRIDAY is the first digital full-service car insurer in Germany to offer a novel coverage paid by the kilometer. The
Berlin-based insurer was founded in 2016 with the support of the Swiss insurer, Bâloise Group, and is managed by an experienced
team led by Christoph Samwer. FRIDAY employs 30 staff, including insurance academics, economists, experienced entrepreneurs and
digital experts.
FRIDAY operates a digital insurance platform to provide ahead-of-the-curve insurance solutions. Since March 2017, FRIDAY has
been offering the first monthly cancellable car insurance product in Germany. In addition, the digital pioneer has introduced
further innovations, such as kilometer-accurate billing. The pay-per-kilometer motor insurance is considered to provide a matchless
quality of flexibility and fairness to drivers in the German market.
For more information, please visit www.friday.de
About Guidewire Software
Guidewire delivers the software that general insurers need to adapt and succeed in a time of rapid industry change. We combine
three elements – core operations, data and analytics, and digital engagement – into a technology platform that enhances insurers’
ability to engage and empower their customers and employees. More than 300 general 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.
FRIDAY
Lukas Jaworski, +49 176 326 35 299
Marketing Communications & Content Strategy
Lukas.jaworski@friday.de
or
Onechocolate PR
Heike Schubert/Stephanie Thomas
+49 89 388 892 00
GuidewireGer@onechocolatecomms.de
or
Guidewire Software, Inc.
Louise Bradley, +44(0)7474 837 860
PR & Communications – EMEA
lbradley@guidewire.com
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