Guidewire Software Extends ClaimCenter for London Market
London Market Messaging is a specialised add-on for Guidewire ClaimCenter -
providing out of the box functionality to address requirements of
international insurers, and the London Market
LONDON & FOSTER CITY, Calif. -- October 24, 2013
Guidewire Software, Inc. (NYSE:GWRE), a provider of software products to
General (Property/Casualty) insurers, today announced the availability of
Guidewire London Market Messaging™, a specialised add-on solution for
Guidewire ClaimCenter^®, designed to deliver specialised functionality for
insurers operating in the London Market trading arena.
Following a number of highly successful implementations of ClaimCenter in the
London Market, Guidewire has invested to produce London Market Messaging, a
separately licensed add-on for Guidewire ClaimCenter – one of the three
modules comprising Guidewire InsuranceSuite™, the Company’s suite of core
insurance systems for the global General Insurance industry. Developed in
close partnership with Guidewire’s London Market client base, London Market
Messaging delivers configurable automated processes, founded on best practice.
“London Market Messaging provides us with a good solution, particularly when
considering our long term support model,” said Jeff Bigmore, Head of Business
Change and Programme Delivery, Aspen Insurance UK Ltd. “Guidewire offers a set
of much needed functionality, specifically tuned to our London Market business
and processes, in an easy to add on module.”
London Market Messaging will enable Guidewire ClaimCenter customers to address
the unique requirements of this market, which include:
*Message processing and action framework, providing enhanced configuration
to manage incoming market claims messages through a message processing
*Message handling for both claims messages and settlement messages,
covering the Lloyd’s market and the Companies market;
*Message cleansing, message business rules, and manual message editing.
“We are pleased to offer our London Market insurance customers a solution to
help them more quickly transform their business, and more fully leverage their
investment in Guidewire,” said Keith Stonell, managing director, EMEA, at
Guidewire. “Engagements with our London Market customers have helped us
understand the factors which most influence their business and we are excited
to serve the needs of this unique and very important segment of the insurance
Guidewire ClaimCenter^® is a leading end-to-end claims management system,
built from the ground up to meet the specific needs of today’s General
(Property/Casualty) Insurers. ClaimCenter’s flexible business rules enable
claims organisations to define, enforce, and continually refine their
preferred claim handling practices in order to optimise and monitor their
claim processes. ClaimCenter is in use by insurers of all sizes across all
product lines to improve speed and accuracy, reduce loss adjustment expense,
and enable proactive management of claims. ClaimCenter is available as a
standalone system or as part of the Guidewire InsuranceSuite™, and can be
integrated to an insurer’s legacy systems or third party applications.
Guidewire recognised for 6^th consecutive time as “Strong Positive” – highest
possible rating – in the Gartner MarketScope for North American Property and
Casualty Insurance Claims Management Modules report.
Gartner “MarketScope for North American Property and Casualty Insurance Claims
Management Modules” by Jeff Haner, March 20, 2013.
About the MarketScope
Gartner does not endorse any vendor, product or service depicted in our
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 builds software products that help General (Property/Casualty)
insurers replace their legacy core systems and transform their business.
Designed to be flexible and scalable, Guidewire products enable insurers to
deliver excellent service, increase market share and lower operating costs.
Guidewire InsuranceSuite™ provides the core systems used by insurers as
operational systems of record. Additional products provide support for data
management, business intelligence, anytime/anywhere access, and guidance and
monitoring. More than 150 General (Property/Casualty) insurers around the
world have selected Guidewire. For more information, please visit
www.guidewire.com. Follow us on twitter: @Guidewire_PandC.
NOTE: Guidewire, Guidewire Software, Guidewire ClaimCenter, Guidewire
PolicyCenter, Guidewire BillingCenter, Guidewire InsuranceSuite, Guidewire
PartnerConnect, Guidewire SolutionConnect, Guidewire Live, Live Inside, Before
& After, Claim Canvas, Viewpoint, 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
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