The Co-operators Extends Guidewire Selection Adding Rating Management and Reinsurance Management

  The Co-operators Extends Guidewire Selection Adding Rating Management and
  Reinsurance Management

   Guidewire InsuranceSuite™ companion modules help leading Canadian-owned
insurer increase control and responsiveness over rating and pricing and manage
                ceded Property/Casualty reinsurance processes

Business Wire

GUELPH, Ontario & FOSTER CITY, Calif. -- March 5, 2013

The Co-operators Group Ltd. (The Co-operators), a leading Canadian-owned,
multi-product insurer, and Guidewire Software, Inc. (NYSE: GWRE), a provider
of flexible core system software today announced that The Co-operators has
extended its Guidewire InsuranceSuite™ implementation. The Co-operators has
selected Guidewire Rating Management™ to obtain more precise control and
responsiveness over rating and pricing through all phases of the insurance
product lifecycle and Guidewire Reinsurance Management™ to manage its ceded
reinsurance processes.

“We anticipate significant benefits from leveraging Guidewire Rating
Management and Guidewire Reinsurance Management,” said Sandra Baskerville,
vice president, Common Systems Development, The Co-operators. “We are
confident that Guidewire Rating Management will help streamline our rating
process making it easier for our actuaries, developers, and the overall
organization to quickly develop rates.”

“In regards to Guidewire Reinsurance Management, when our team looked at the
offering, they found it had exactly what they needed in terms of functionality
and more,” Baskerville added.

The Co-operators has been in production with all core Guidewire InsuranceSuite
systems since 2010. The addition of Guidewire Rating Management and Guidewire
Reinsurance Management will enable The Co-operators to:

  *Empower business users to utilize rating management tools and features
    including debugging to ease the effort involved in rating maintenance;
  *Leverage the instant visibility of the processes in Rating which allows
    the user to view exactly how rates were calculated, what factors were
    used, etc.;
  *Reduce excessive risk exposure by detecting and managing treaty and
    facultative reinsurance arrangements; and
  *Accurately calculate ceded premiums, commissions, ceded reserves and
    recoverable amounts for proportional reinsurance agreements.

“We are pleased that The Co-operators has recognized the benefits of our
rating and reinsurance capabilities,” said Neil Betteridge, vice president,
Strategy, Guidewire Software. “These companion modules coupled with
InsuranceSuite will help The Co-operators to enjoy the increased breadth of
core system capabilities available to help them meet their business

Guidewire Rating Management, an add-on module for Guidewire PolicyCenter,
enables more precise control and responsiveness over rating and pricing
through all phases of the product lifecycle. Insurers experience enhanced
visibility, flexibility, and rapid time to market to support key business
objectives. Rating Management delivers the capabilities needed to support the
key business objectives of insurers: business agility to capitalize on
opportunities faster and launch innovative products; operational efficiency to
drive down costs without compromising quality; and underwriting excellence to
improve profitability.

Guidewire Reinsurance Management, as part of Guidewire InsuranceSuite, enables
insurers to effectively manage programs, consistently support underwriting and
claims processes, and accurately calculate reinsurance financials. Reinsurance
Management delivers the automation insurers need to effectively manage ceded
processes. Providing the capability to handle proportional as well as
non-proportional treaty and facultative reinsurance agreements across
underwriting and claims processes, Reinsurance Management helps insurers
reduce excessive risk exposure and recoverable leakage while increasing
operational efficiencies.

About The Co-operators:

The Co-operators Group Limited is a Canadian-owned co-operative with more than
$35 billion in assets under administration. Through its group of companies it
offers home, auto, life, group, travel, commercial and farm insurance, as well
as investment products. The Co-operators is well known for its community
involvement and its commitment to sustainability. The Co-operators is listed
among the 50 Best Employers in Canada and Corporate Knights’ Best 50 Corporate
Citizens in Canada. For more information visit

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

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.


Guidewire Software, Inc.
Diana Stott, +1 650-356-4941
Public Relations Manager
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