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Guidewire Congratulates Jewelers Mutual on Being Named a ‘Model Insurer’ in Celent’s 2013 Report



  Guidewire Congratulates Jewelers Mutual on Being Named a ‘Model Insurer’ in
  Celent’s 2013 Report

    Award recognizes Jewelers Mutual for its complete business and system
  transformation which included a simultaneous core system replacement with
                          Guidewire InsuranceSuite™

Business Wire

FOSTER CITY, Calif. -- March 4, 2013

Guidewire Software, Inc. (NYSE: GWRE), a provider of flexible, core system
software to Property/Casualty insurers, today announced that its client,
Jewelers Mutual Insurance Company (“Jewelers Mutual”), the only company in
North America specializing exclusively in insuring jewelers and jewelry, has
been named a “Model Insurer” in Celent’s Model Insurer 2013: Case Studies of
Effective Technology Use in Insurance report.

Jewelers Mutual was recognized in the Infrastructure and Architecture category
for redefining how the company services its customers through a complete
business and system transformation which included simultaneous implementations
of Guidewire InsuranceSuite and a new eCommerce platform. As part of its
business transformation project, the company installed a new data warehouse,
reporting solution, and document production system, upgraded its document
management solution, and also rebranded its Personal Lines product. Jewelers
Mutual was also recognized for its best practices of improved channel
management; optimization of infrastructure; automation, STP and system
integration; and project risk management through proper development, testing
and use of project management methodologies.

“The simultaneous implementations of the new eCommerce platform and Guidewire
InsuranceSuite were complex but very successful undertakings,” said Karen
Monks, an analyst with Celent and author of the report. “The Jewelers Mutual
project is an example of how insurers can leverage agile project management
methodology, business area support, and specialized teams dedicated to change
management, business process redesign, organizational redesign, and human
resource management to ensure initiatives of this level are completed on time
and within budget.”

“We congratulate Jewelers Mutual on being recognized as a 2013 Model Insurer
by Celent,” said Marcus Ryu, chief executive officer, Guidewire Software. “We
are extremely proud of the work Jewelers Mutual has done to transform their
Personal Lines business, and we are honored to have played a part in the
project’s success. We thank Celent for recognizing their achievement with this
prestigious honor.”

The Celent Model Insurer 2013: Case Studies of Effective Technology Use in
Insurance recognizes 17 insurance technology initiatives as “Model Insurer
Components” and names the Celent Model Insurer of the Year. These case studies
represent best practices in the use of technology and span key areas of the
product and policyholder life cycle, including product definition,
distribution, underwriting, policy administration, service, claims, and
infrastructure. The report also reviews IT best practices and measurable
business results used in evaluating the Model Insurer Components. Members of
Celent's research services can download the report at:
http://www.celent.com/reports/model-insurer-2013-case-studies-effective-technology-use-insurance.
Non-members should contact info@celent.com for more information.

About Jewelers Mutual

Jewelers Mutual Insurance Company is the only company specializing exclusively
in jewelry insurance in the United States and Canada. The company's strong
financial position is reflected in its 26 consecutive ratings of “A+ Superior”
from A.M. Best. Jewelers Mutual was founded in 1913 in Neenah, Wisconsin, by
jewelers seeking to meet their unique insurance needs. Today, Jewelers Mutual
is the leading insurer of retail jewelers in North America and also insures
wholesalers, manufacturers, custom designers, repair businesses, bench
jewelers, and appraisers. Approximately 10,000 commercial policyholders insure
their jewelry businesses with Jewelers Mutual. Additionally, more than 270,000
individuals trust Jewelers Mutual to protect their jewelry possessions with
Jewelers Mutual’s Perfect Circle® insurance product. These individuals
collectively carry in excess of $3 billion in personal insurance coverage.
Visit the Jewelers Mutual website at www.JewelersMutual.com to learn more.

About Guidewire Software

Guidewire Software is a provider of core system software to the global general
(Property/Casualty) 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.

NOTE: Guidewire, Guidewire Software, Guidewire ClaimCenter, Guidewire
PolicyCenter, Guidewire BillingCenter, Guidewire InsuranceSuite, Guidewire
Live, Before & After, Guidewire PartnerConnect, 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.

Contact:

Guidewire Software, Inc.
Diana Stott, +1 (650) 356 4941
Public Relations Manager
dstott@guidewire.com
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