Radian Selects Guidewire Solution for Underwriting, Rating, Policy Administration, Billing, and Claims Management

  Radian Selects Guidewire Solution for Underwriting, Rating, Policy
  Administration, Billing, and Claims Management

Guidewire InsuranceSuite™ to help private mortgage insurer enhance operational
      efficiencies, increase agility, and consolidate multiple platforms

Business Wire

PHILADELPHIA & FOSTER CITY, Calif. -- December 20, 2013

Radian Guaranty Inc., the mortgage insurance subsidiary of Radian Group Inc.
(NYSE: RDN), and Guidewire Software, Inc. (NYSE: GWRE), a provider of software
products to Property/Casualty insurers, today announced that Radian has
selected Guidewire InsuranceSuite™ as its new platform for underwriting,
rating and policy administration, claims management, and billing. The company
also selected Guidewire Client Data Management™ to help give it a
comprehensive customer view across underwriting, policy administration,
claims, and billing processes. Guidewire PartnerConnect™ alliance member,
Capgemini, has been selected to lead the implementation project, with
Guidewire working in close collaboration.

Radian selected Guidewire’s InsuranceSuite in order to expedite underwriting
turn times, reduce complexities caused by multiple platforms, and enhance its
business and technology capabilities.

“In addition to the business and IT benefits we know Guidewire InsuranceSuite
will bring to us, we selected InsuranceSuite because the governing principles
of how Guidewire has architected its software have remained intact since
2002,” said Lawrence DelGatto, Radian’s executive vice president and chief
information officer. “We were impressed with the way that Guidewire’s software
was developed which allows it to be easily customized and integrated with
external partners, suppliers and other market solutions for a streamlined
insurance experience.”

“We are pleased to welcome Radian to the Guidewire family as an InsuranceSuite
customer,” said Dan Gordon, vice president, Product Management, Guidewire
Software. “We recognize Radian’s commitment to operational speed and
efficiency and look forward to helping them achieve their objectives.”

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 Radian

Radian Group Inc. (NYSE: RDN), headquartered in Philadelphia, provides private
mortgage insurance and related risk mitigation products and services to
mortgage lenders nationwide through its principal operating subsidiary, Radian
Guaranty Inc. These services help promote and preserve homeownership
opportunities for homebuyers, while protecting lenders from default-related
losses on residential first mortgages and facilitating the sale of low-down
payment mortgages in the secondary market. Additional information may be found
at www.radian.biz.

Forward-Looking Statements

Some of the statements in this press release may constitute “forward-looking
statements” within the meaning of Section 27A of the Securities Act of 1933,
Section 21E of the Securities and Exchange Act of 1934 and the United States
Private Securities Litigation Reform Act of 1995. Words such as "will,"
"expects," "believes" and similar expressions are used to identify these
forward-looking statements. These forward-looking statements, which may
include without limitation, projections regarding our future performance and
financial condition, are made on the basis of management’s current views and
assumptions with respect to future events. Any forward-looking statement is
not a guarantee of future performance and actual results could differ
materially from those contained in the forward-looking statement. These
statements speak only as of the date they were made, and we undertake no
obligation to update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise. We operate in a
changing environment. New risks emerge from time to time and it is not
possible for us to predict all risks that may affect us. For more information
regarding these risks and uncertainties as well as certain additional risks
that we face, you should refer to the Risk Factors detailed in Item 1A of Part
I of our Annual Report on Form 10-K for the year ended December 31, 2012and
subsequent reports and registration statements filed from time to time with
theSecurities and Exchange Commission.

About Guidewire Software

Guidewire builds software products that help 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 Property/Casualty insurers around the world have selected
Guidewire. For more information, please visit www.guidewire.com. Follow us on
twitter: @Guidewire_PandC.

Contact:

Guidewire Software, Inc.
Diana Stott, +1 650-356-4941
Director, Communications
dstott@guidewire.com
or
Radian
Emily Riley, +1 215-231-1035
emily.riley@radian.biz
 
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