Guidewire InsurancePlatform is designed to offer insurers the ability to adapt
and succeed in meeting these challenges and capitalizing on new opportunities.
We believe that the proliferation of modern back-office infrastructures have
significantly increased the ability of insurers to utilize new solutions to
grow revenues, reduce costs and losses, improve pricing and engage more deeply
and in more intuitive ways with a customer base that is increasingly comfortable
with mobile and automated forms of self-service and communication. We anticipate
that we will continue to invest in research and development and strategic investments
so that we may further assist insurers in reaching their business goals.
Core Operational Platforms
We offer two core operational platforms: Guidewire InsuranceSuite and Guidewire
InsuranceNow.
Guidewire InsuranceSuite
Guidewire InsuranceSuite is comprised of three primary applications: PolicyCenter,
ClaimCenter and BillingCenter. We offer several add-on products designed to
work seamlessly with these primary applications. InsuranceSuite is built on
a unified technology platform that provides enhanced functionality and a common
data model across applications.
Guidewire PolicyCenter is our flexible underwriting and policy administration
application that serves as a comprehensive system-of-record supporting the entire
policy lifecycle, including product definition, underwriting, quoting, binding,
issuances, endorsements, audits, cancellations and renewals. Guidewire ClaimCenter
offers end-to-end claims lifecycle management, including product definition,
distribution, underwriting, policy holder services and claims management. Guidewire
BillingCenter automates the billing lifecycle, enables the design of a wide
variety of billing and payment plans, manages agent commissions and integrates
with external payment systems.
Guidewire InsuranceNow
Guidewire InsuranceNow is a cloud-based platform for P&C insurers that offers
policy, billing and claims management functionality to insurers that prefer
to subscribe to a cloud-based, all-in-one solution. Guidewire InsuranceNow is
only offered in the cloud, and is currently only available in the United States,
though we intend to introduce it to select international markets in the future.
Guidewire InsuranceSuite: Add-on Applications
We offer a number of additional add-on applications for Guidewire InsuranceSuite.
Guidewire Underwriting Management
Guidewire Underwriting Management is a cloud-based, integrated business application
designed for commercial and specialty line insurers to drive premium growth
and profit from better underwriting. This feature-rich workstation delivers
straight-through processing, exception-based underwriting, real-time collaboration,
and knowledge management in one integrated solution. Guidewire Underwriting
Management is typically sold alongside Guidewire PolicyCenter, although it functions
with other policy administration systems as well.
Guidewire Rating Management
Guidewire Rating Management enables P&C insurers to manage the pricing of
their insurance products.
Guidewire Reinsurance Management
Guidewire Reinsurance Management enables P&C insurers to use rules-based
logic to execute their reinsurance strategy through their underwriting and claims
processes.
Guidewire Client Data Management
Guidewire Client Data Management helps P&C insurers capitalize on customer
information more coherently, overcoming traditional siloed practices that impair
efficiency and customer service.
Guidewire Product Content Management
Guidewire Product Content Management provides software tools and standards-based,
line-of-business templates to enable insurers to more rapidly introduce and
modify products by reducing product configuration and maintenance efforts. Any
such product introduction or modification must connect to and incorporate regulatory
or industry-standard data and content, such as ISO content.
Data Management and Analytics
We offer a variety of applications that allow insurers to consolidate, explore
and analyze the data that is generated from their own operations and the data
they capture from third-party sources.
Guidewire DataHub
Guidewire DataHub is an operational data store that unifies, standardizes and
stores data from the patchwork of an insurer’s systems as well as from
external sources. DataHub enables carriers to accelerate legacy system replacement.
Guidewire InfoCenter
Guidewire InfoCenter is a business intelligence warehouse for P&C insurers
which provides information in easy-to-use formats for business intelligence,
analysis and enhanced decision making. With InfoCenter, customers gain flexible
operational insights as well as the ability to optimize their business.
Guidewire Live
Guidewire Live is a cloud-based suite of analytical applications that aggregates
data from internal and third-party sources and analyzes and visualizes the data
in ways that provide insurers with valuable insights into their business. These
insights can be acted upon through the processes managed by InsuranceSuite.
Guidewire Predictive Analytics
Guidewire Predictive Analytics is a cloud-based tool which allows insurers to
make data-driven decisions throughout the insurance lifecycle. By building predictive
models from multiple data sets, analyzing model output, and deploying predictive
models, insurers can realize significant reductions in loss ratio and expenses.
Digital Engagement
Guidewire Digital Engagement Applications
Our Digital Engagement Applications enable insurers to provide digital experiences
to customers, agents, vendors and field personnel through their device of choice.
As consumers increasingly use self-service functions on the Internet and on
mobile devices, we believe that many of them prefer to interact with their insurance
providers digitally and they expect to have consistent and efficient transactional
experience through multiple channels, whether online, in-person or by phone.
Our Digital Engagement applications also benefit agents and brokers who are
seeking to automate business processes with insurers to improve customer service
and productivity.