Guidewire Recognized as Only Vendor to Receive Highest Possible Rating in
Gartner’s Policy Management Modules MarketScope Report
FOSTER CITY, Calif. -- February 26, 2013
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
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.
Diana Stott, +1-650-356-4941
Public Relations Manager
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