Guidewire Announces 2018.2 Release of P&C Insurance Industry Platform

HIGHLIGHTS:

Software, cloud services, and a robust partner ecosystem combine to
form the industry platform that helps P&C insurers run, differentiate,
and grow their business

InsuranceSuite 10 delivers enhanced user experience across all core
applications to improve efficiency and meet rising user expectations

ISO ERC support now available for all standard commercial lines of
business, in all 50 United States

InsuranceNow customers can now leverage the power of Predictive
Analytics and CustomerEngage for Quote and Buy for self-service

Strengthens Guidewire’s Smart Core™ value proposition—leveraging
analytics to provide actionable insights at the time key decisions are
being made

Second release of Guidewire Digital applications for Salesforce
features expanded policy, billing and claims views on demand, and policy
quoting directly from Salesforce Financial Services Cloud

LAS VEGAS–(BUSINESS WIRE)–$GWRE #DigitalGUIDEWIRE CONNECTIONS 2018 – Guidewire Software, Inc. (NYSE:
GWRE), provider of the industry platform Property and Casualty (P&C)
insurers rely upon, today announced the 2018.2 release of Guidewire
InsurancePlatform™
. This platform release includes numerous new
products and enhancements across all Guidewire product families.
InsurancePlatform is the software, cloud services, and robust partner
ecosystem that combine to form the industry platform that helps P&C
insurers run, differentiate, and grow their business. This release
includes InsuranceSuite 10, the leading core system suite with 275+
customers across 30+ countries.

“P&C technology providers are increasingly moving their solutions to
cloud-based platforms complemented by a broad ecosystem of point
solutions and data/analytic providers,” said Donald Light, director,
North America Property/Casualty Practice, Celent. “The 2018.2 release of
Guidewire InsurancePlatform™ is an important step in that
process—featuring two Salesforce-based offerings and some notable
additions to the large roster of external solution providers in the
Guidewire Marketplace.”

Guidewire InsurancePlatform has been designed to power the P&C insurance
business and to support key insurer imperatives. These imperatives and
how 2018.2 supports them, follow below.

2018.2 introduces InsuranceSuite 10, and functionalities to optimize
operations
, including:

  • Enhanced user experience, including a refreshed user interface and
    dashboards in PolicyCenter that pull together the most commonly needed
    information from across InsuranceSuite, increasing the speed at which
    users can make informed decisions.
  • Many product enhancements across the suite, including increased
    business user configuration of exposures and reserves in ClaimCenter,
    improved quoting experience and performance in PolicyCenter, and
    simplified administration of multiple currency billing plans with
    BillingCenter.
  • Quicker acceptance of ISO maintenance updates in Product Content
    Management and support for all standard commercial lines of business
    in all 50 United States.
  • Enhanced Underwriting Management integration with PolicyCenter for
    more seamless underwriter/policy administration communication.

InsurancePlatform 2018.2 supports insurers’ use of data and analytics to drive
smarter decisions
by leveraging machine learning techniques and
delivering actionable insights at the point of decisions:

  • Real-time analysis of underwriting conversion and efficiency in
    PolicyCenter with the new Live Analytics—Explore for Policy app.
  • Analyze conversion ratios and processing cycle times with quoting
    content support in DataHub/InfoCenter 10.
  • Embedding actionable predictive insights across InsuranceNow core
    processes.

To meet rising digital expectations, InsurancePlatform helps insurers increase
engagement
by digitizing every interaction and delivering a
satisfying, consumer grade, omnichannel experience.

  • Digital 10 release for mobile/web expands API support to include
    workers’ compensation.
  • Second release of ProducerEngage for Salesforce and ServiceRepEngage
    for Salesforce features numerous new capabilities, including:

    • Expanded policy, billing, and claims views on demand with
      additional data from InsuranceSuite.
    • Quoting of personal auto, commercial property, and business
      owners’ policies directly from Salesforce Financial Services Cloud.
    • Smart Links from Salesforce to the relevant record in PolicyCenter
      without having to search.
  • InsuranceNow and Digital integration in CustomerEngage Quote and Buy
    for InsuranceNow lets individuals and business owners transact across
    the full policy lifecycle through self-service, digital journeys.

Innovation is a key element to differentiating and growing business and
the Guidewire Marketplace allows insurers to access curated, value-added
solutions to innovate quickly. Whether looking to leverage
solutions from trusted providers, or partnering with Insurtechs,
insurers can choose from the 90 Guidewire-validated third-party solution
integrations currently available for download in the Guidewire
Marketplace. Recent new partner and Ready for Guidewire
accelerator additions to Marketplace include: Betterview, Clairus Group,
Polonious, and WeGoLook.

Cloud capabilities in 2018.2 enable insurers to simplify IT complexity.
The journey to the cloud has many requirements. 2018.2 contributes:

  • A new modern and robust framework for creating maintainable and stable
    RESTful APIs for InsuranceSuite.
  • Integration model framework to enable versioned and stable
    integrations.
  • Declarative UX framework for delivering dynamic cloud-native digital
    experiences.

“We are very excited by the immense potential the 2018.2
InsurancePlatform release holds for our customers,” said Ayan Sarkar,
principal business owner, InsurancePlatform, Guidewire. “Helping our
customers successfully respond to the demands of their customers and the
market is job number one for us and knowing that we are playing a key
role in their journeys fills us with a deep sense of responsibility.”

Guidewire InsuranceSuite has been positioned as a Leader, and Guidewire
InsuranceNow has been positioned as a Challenger in Gartner’s Magic
Quadrant for P&C Core Platforms, North America1.

Note that not all products are available in every geography. Guidewire
customers can get more information from their Account Executive or here.

1 Gartner, Magic Quadrant for P&C Core Platforms, North
America,
Jeff Haner, October 9, 2018

Gartner Disclaimer

Gartner does not endorse any vendor, product or service depicted in its
research publications, and does not advise technology users to select
only those vendors with the highest ratings or other designation.
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 delivers the industry platform that Property and Casualty
(P&C) insurers rely upon to adapt and succeed in a time of accelerating
change. We provide the software, services, and partner ecosystem to
enable our customers to run, differentiate, and grow their business. We
are privileged to serve more than 350 companies in 32 countries. For
more information, please visit www.guidewire.com
and follow us on twitter: @Guidewire_PandC.

NOTE: All products mentioned in this announcement are Guidewire
products. For information about Guidewire’s trademarks, visit https://www.guidewire.com/legal-notices.

Contacts

Guidewire Software
Diana Stott, +1 650-356-4941
Director,
Communications
dstott@guidewire.com

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