Wawanesa Selects Guidewire for Rating, Underwriting, Policy Administration, and Billing

  Wawanesa Selects Guidewire for Rating, Underwriting, Policy Administration,
  and Billing

 Guidewire PolicyCenter® and Guidewire BillingCenter® to help one of Canada’s
 largest Property/Casualty insurers increase its flexibility and enhance its
                   broker and customer service capabilities

Business Wire

WINNIPEG, Manitoba & FOSTER CITY, Calif. -- April 2, 2013

The Wawanesa Mutual Insurance Company (Wawanesa), which provides coverage to
almost 2 million policyholders in Canada and the United States, and Guidewire
Software, Inc. (NYSE: GWRE), a provider of flexible core system software to
Property/Casualty insurers, today announced that Wawanesa has selected
Guidewire PolicyCenter® as its new underwriting and policy administration
solution and Guidewire BillingCenter® to manage its billing operations.
Wawanesa also has plans to use three Guidewire add-on modules: Guidewire
Rating Management™, Guidewire Reinsurance Management™, and Guidewire Client
Data Management™.

After successfully deploying Guidewire ClaimCenter® in 2011, Wawanesa decided
to expand its Guidewire selection to include PolicyCenter and BillingCenter to
help modernize its systems, transform its business processes, increase its
flexibility, and take advantage of the solutions’ real-time functionality and
built-in best practices. The company also wanted to provide its staff with the
tools needed to properly service brokers and customers with the speed and
methods by which these groups expect to be serviced.

“Our previous experience with ClaimCenter played a large part in selecting
PolicyCenter and BillingCenter,” said Ken McCrea, president and chief
executive officer, Wawanesa. “We were pleased with the high level of
responsiveness displayed by the Guidewire team to any issues raised during the
ClaimCenter implementation project. In addition, we respected Guidewire’s
commitment to their cohesive vision of InsuranceSuite and their continuous
demonstration of progress towards that vision.”

“We are looking forward to the benefits we will receive from PolicyCenter and
BillingCenter especially the opportunities we will gain for improved servicing
and contact with customers and brokers,” said Jeff Goy, vice president,
Insurance Products, Wawanesa.

“From an IT perspective, PolicyCenter and BillingCenter will make it
significantly easier to provide more services to our customers over the
Internet in our direct markets, and in our broker markets, it will help us
integrate more effectively with our brokers enabling them to quote and service
their business more quickly and accurately,” added Cam Loeppky, vice
president, Information Services, Wawanesa.

PolicyCenter and BillingCenter will enable Wawanesa to:

  *Leverage automated underwriting rules and real-time functionality to
    eliminate manual processes;
  *Improve service levels for customers and brokers due to increased
    operational efficiencies;
  *Accelerate its speed-to-market due to Guidewire’s easy-to-use
    configuration tools that let the right people with the right knowledge
    tailor offerings to particular market segments, avoiding the delays of
    custom IT coding; and
  *Benefit from a suite of smartly integrated systems built on a modern
    technology platform designed to grow and change with its business.

“We welcome Wawanesa as a Guidewire InsuranceSuite customer, and we are
pleased to extend our relationship with them,” said Steve Sherry, vice
president, The Americas, Guidewire Software. “We admire Wawanesa’s dedication
to providing their policyholders and brokers with excellent products and
services, and we are looking forward to helping them meet their current and
future business objectives.”

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.

Guidewire BillingCenter is a comprehensive billing and receivables management
system built on the core design principles of automation, control and
flexibility. BillingCenter allows you to deliver insurance your way by making
it easier to automate the billing lifecycle; design flexible billing, payment
and delinquency plans; manage agent commissions; and enable rapid integration
with external payment systems. BillingCenter is available as a standalone
system or as part of Guidewire InsuranceSuite™, and can be integrated to a
general (property and casualty) insurer’s legacy systems or third-party
applications.

About The Wawanesa Mutual Insurance Company

Wawanesa is a Canadian mutual insurance company and one of the largest
property and casualty insurers in Canada. Wawanesa has a rich history dating
back to 1896, when it was founded in the Village of Wawanesa, Manitoba. Today
executive offices are located in Winnipeg, Manitoba. Wawanesa operates across
Canada and in the states of California and Oregon with total consolidated
assets of $7.7 billion (CDN) and almost 2 million policies in force. Wawanesa
has 100% ownership of two subsidiary companies; The Wawanesa Life Insurance
Company and Wawanesa General Insurance Company (U.S.A.). For more information,
please visit www.wawanesa.com.

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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