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Last $51.99 USD
Change Today -0.45 / -0.86%
Volume 163.3K
GWRE On Other Exchanges
New York
As of 3:14 PM 04/27/15 All times are local (Market data is delayed by at least 15 minutes).

guidewire software inc (GWRE) Key Developments

Zurich Insurance Company Selects Guidewire ClaimCenter® as New Platform for all Lines of Business

Zurich Insurance Company Ltd. and Guidewire Software, Inc. announced that Zurich Switzerland has selected Guidewire ClaimCenter® as its new platform for all lines of business. Implementation is supported by Guidewire PartnerConnect™ member EY in close collaboration with Guidewire. As part of a strategic initiative to provide customer service suited to meet current and future needs, Zurich Switzerland wanted a modern system that could enable multi-channel customer interaction, along with improved workflow and related efficiency benefits. It saw in Guidewire ClaimCenter a mature and proven system that would readily integrate with existing systems and support customer interaction across multiple platforms. ClaimCenter will enable Zurich Switzerland to: strengthen customer engagement; provide a modern system, supporting customers on an omni-channel basis, including a range of self-service offerings; increase speed of interaction with customers; and implement a claims system for all lines of business, bringing improved effectiveness and efficiencies.

New Mexico Mutual Group Insurance Selects Guidewire Software, Inc. for Rating, Underwriting and Policy Administration

New Mexico Mutual Group and Guidewire Software, Inc. announced that New Mexico Mutual Group has selected Guidewire PolicyCenter® as its new underwriting and policy administration solution. New Mexico Mutual Group has also selected Guidewire Rating Management™ and Guidewire Client Data Management™. New Mexico Mutual Group is currently implementing PolicyCenter to help modernize its systems and transform its business processes. Specifically, the company sought to increase its flexibility and take advantage of the solutions’ real-time functionality and built-in best practices. New Mexico Mutual Group had successfully deployed Guidewire ClaimCenter® in 2006 and Guidewire BillingCenter® in 2008. PolicyCenter will give New Mexico Mutual Group the ability to get to market faster, and improve service excellence to its customers and independent broker network. PolicyCenter will enable New Mexico Mutual Group to: Improve service levels for customers and brokers due to increased operational efficiencies; Leverage automated underwriting rules and real-time functionality to optimize risk assessment; and Benefit from a suite of smartly integrated systems built on a modern technology platform designed to grow and change with its business.

La Capitale Selects Guidewire Software, Inc. for Billing Management

La Capitale General Insurance and Guidewire Software, Inc. announced that La Capitale has selected Guidewire BillingCenter® to manage billing operations for La Capitale and its subsidiaries. La Capitale selected BillingCenter to update and consolidate the technology platform supporting its billing operations to become more responsive to its customers and distribution partners. BillingCenter will provide La Capitale with a more intuitive and configurable platform, enabling them to further complement their customer and distribution service and provide a new offering over the web. The company will be deploying BillingCenter for the P/C sector, with La Capitale General Insurance the first to be implemented. BillingCenter will enable La Capitale to: Provide even faster response times and more flexibility to customers and distribution partners; Tailor payment practices and methods to customer preferences; Provide a better customer service plus a new offering over the web; and Provide a more seamless billing process integrated with internal and third party systems.

Hastings Direct Chooses Guidewire Software, Inc. to Support Personal Lines Operation

Guidewire Software, Inc. announced that Hastings Direct selected Guidewire InsuranceSuite as its new platform for the management of underwriting, policy administration, claims, billing, rating and client data. Guidewire InsuranceSuite powers the mission-critical operations of general (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.

Citizens Property Insurance Deploys Guidewire Software, Inc.'s Products to Help Transform its Business

Citizens Property Insurance and Guidewire Software, Inc. announced that Citizens has successfully deployed Guidewire InsuranceSuite as its underwriting, policy administration, billing, and claims management platform. Citizens selected and deployed InsuranceSuite as part of an organization-wide transformation initiative to support the company's vision. Citizens wanted to modernize its infrastructure, better manage its business data, and consolidate multiple claims and policy administration systems onto a single platform. Citizens is currently using InsuranceSuite for its personal and commercial lines of business. The implementation project involved a total of 70 integration points and was deployed in four phases: claims and policy/billing for commercial lines, followed by claims and policy/billing for its Personal lines of business.


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Valuation GWRE Industry Range
Price/Earnings 100.0x
Price/Sales 9.9x
Price/Book 5.6x
Price/Cash Flow 195.5x
TEV/Sales 8.5x

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