Guidewire Recognized as Only Vendor to Receive Highest Possible Rating in Gartner's Policy Management Modules MarketScope Report
Guidewire Software, Inc. (NYSE: GWRE), a leading provider of flexible core systems 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 Policy Management Modules,” report. I The report evaluated the 14 solutions that met Gartner's criteria for inclusion. Guidewire PolicyCenter® earned a “Strong Positive” rating which is the report's highest possible category. PolicyCenter is the sole solution to be named to the “Strong Positive” category. The report can be viewed here.
“As customer retention and growth through improved service and new products have become top business priorities, Property/Casualty (P/C) insurers are increasingly viewing modern policy management modules as one of their most important technology investments,” said Jeff Haner, principal research analyst, Insurance, Gartner and author of the report. “These systems —with capabilities such as support for customer self-service and real-time transactions, templates for faster deployment of new products, and design tools that make common product changes accessible to nontechnical users — promise improvements in speed and flexibility that are orders of magnitude greater than legacy policy systems.”
To date, more than 35 insurers globally have selected PolicyCenter to run their underwriting and policy administration operations; more than a dozen of whom are in production with the system.
“The Guidewire team is honored to receive this rating by Gartner, a highly respected analyst firm,” said Marcus Ryu, chief executive officer, Guidewire Software. “We are extremely pleased with the momentum we have in the market with PolicyCenter and this rating reflects our progress. We also recognize the need to continually improve our products, services and partner ecosystem to ensure that we maintain a strong track record of helping our customers succeed.”
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.
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 Software is a provider of core system software to the global Property/Casualty (general) insurance industry. Designed to be flexible and scalable, Guidewire solutions give insurers the capability to deliver excellent service, increase market share and lower operating costs. Guidewire InsuranceSuite™, consisting of Guidewire PolicyCenter®, Guidewire ClaimCenter® and Guidewire BillingCenter® spans the key functional areas in insurance – underwriting and policy administration, claims management, and billing. Guidewire is headquartered in Foster City, California, with offices in Beijing, Dublin, Hong Kong, London, Munich, Paris, Sydney, Tokyo, Toronto and Warsaw. For more information, please visit www.guidewire.com.
1 Gartner MarketScope for North American Property and Casualty Policy Management Modules, Jeff Haner, February 11, 2013; G00229216
NOTE: Guidewire, Guidewire Software, Guidewire ClaimCenter, Guidewire PolicyCenter, Guidewire BillingCenter, Guidewire InsuranceSuite, Guidewire Live, Before & After, Guidewire PartnerConnect, Guidewire SolutionConnect. 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.
Guidewire Software, Inc.
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