SAN FRANCISCO -- (BUSINESS WIRE) -- CONNECTIONS 2013 – Guidewire Software, Inc. (NYSE: GWRE), a provider of software products to Property/Casualty (P/C) insurers, today announced the availability of Guidewire InsuranceSuite™ 8, the latest release of Guidewire’s core system suite for P/C insurers. The culmination of 500 developer-years of work, InsuranceSuite 8 makes it easier for insurers to replace legacy core systems and provides a platform to help them transform their business. The new release delivers major new functionality, many architectural and performance improvements and deepens the native integration between PolicyCenter, BillingCenter, and ClaimCenter, the separately implementable and upgradeable applications that make up the suite.
InsuranceSuite 8 includes a number of significant suite-level features. For example, a new user interface provides an enhanced look and feel and contains many enhancements including better navigation, personalization, and improved inline editing resulting in increased end-user efficiency and effectiveness. A new suite-level feature, Service Tiers, enables insurers to precisely tailor the service experience across underwriting, policy administration, billing, and claims to individual policyholders. InsuranceSuite 8 also provides enhanced capabilities for insurers who are focused in the London Insurance Market and/or operate across international borders. These include broader support for multiple currencies and region and country-specific formats as well as improved support for large commercial risks, particularly those involving long schedules of locations or exposures.
To date, more than 150 insurers of all sizes, across a range of personal, commercial, specialty and workers’ compensation lines of businesses, in 17 countries, have selected one or more core systems from Guidewire. Over thirty insurers have selected all three products that make up InsuranceSuite.
“Guidewire has a strong track record of continuous improvement and delivery across its product portfolio,” said Craig Beattie, senior analyst, Insurance, Celent. “Technology modernization is a journey, not a goal. It is crucial that providers of core systems demonstrate leadership and bring their clients with them on the journey.”
Highlighted features for each product include:
“With this release, we are deepening our commitment to legacy replacement and to delivering a platform that helps our customers transform and augment their businesses in ways that were previously too expensive to contemplate,” said Jeremy Henrickson, vice president, Development at Guidewire. “We are proud of what our customers are achieving and look forward to serving them for decades to come.”
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.
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.