Workplace Safety and Insurance Board Selects Guidewire Solution for Rating, Underwriting, Policy Administration, Billing, and

  Workplace Safety and Insurance Board Selects Guidewire Solution for Rating,
  Underwriting, Policy Administration, Billing, and Claims Management

   Guidewire InsuranceSuite™ to help Canadian workplace compensation board
 increase flexibility, respond to business changes more quickly, and enhance
                               customer service

Business Wire

FOSTER CITY, Calif. -- March 27, 2013

Ontario’s Workplace Safety and Insurance Board (WSIB), a leading workplace
compensation board, and Guidewire Software, Inc. (NYSE: GWRE), a provider of
flexible core system software to Property/Casualty insurers, today announced
that the WSIB has selected Guidewire InsuranceSuite™ as its new platform for
rating, underwriting and policy administration (account management), claims
management, and billing. Guidewire PartnerConnect™ alliance member, Deloitte
Inc., has been selected to lead the implementation project, with the WSIB and
Guidewire working in close collaboration.

The WSIB is replacing its internally built systems to gain flexibility and
allow it to respond more quickly to business changes, including meeting the
demands of a distributed mobile environment. InsuranceSuite will also help the
WSIB to transform its business processes and offer electronic services that
cover the entire insurance lifecycle to its staff and customers.

“We are looking forward to the enhanced customer service capabilities that
InsuranceSuite will bring,” said John Hill, chief information officer and vice
president, Transformation, WSIB. “We are excited to give our customers a 360
degree view of their relationship with us as well as more flexibility around
how they choose to interact with us whether that be in a mobile or traditional
browser-based environment.”

InsuranceSuite will enable the WSIB to:

  *Increase customer service levels by offering options that best suit
    customer communications preferences;
  *More easily and quickly implement system changes;
  *Reduce the cost of processing claims and managing accounts by leveraging a
    common skill set and configuration tools; and
  *Leverage a modern platform to consolidate and standardize claims, account
    management, and billing systems and handling processes while enabling
    significant process efficiencies.

“We are pleased to welcome the WSIB to the Guidewire family as an
InsuranceSuite customer,” said Steve Sherry, vice president, The Americas,
Guidewire Software. “We admire their dedication to transforming their core
systems and business processes in order to best serve their customers, and we
look forward to working with them on this project.”

Guidewire InsuranceSuite powers the mission-critical operations of
property/casualty insurers competing in today’s market. The suite was designed
using a modular approach, enabling insurers to select individual applications
-- Guidewire PolicyCenter®, Guidewire BillingCenter®, and Guidewire
ClaimCenter® -- or a pre-integrated set, driven by their requirements and
priorities. InsuranceSuite provides the flexibility insurers need to deliver
insurance the way they want to, by rapidly delivering better products and
service to their policyholders and agents, while improving underwriting
discipline and lowering operational costs.

About the Workplace Safety and Insurance Board (WSIB)

The WSIB is an independent trust agency that administers compensation and
no-fault insurance for Ontario workplaces. We are committed to delivering what
matters to the workers and employers of Ontario: fast, accessible service and
fair benefits at a fair price. The WSIB provides wage loss benefits, medical
coverage and help getting back to work – the best possible outcome following
an injury on the job. For more information, visit www.wsib.on.ca.

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.

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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