Guidewire InsuranceNow Named a Challenger in Gartner’s Magic Quadrant for P&C Core Platforms, North America, for Second Consecutive Year

Guidewire improved its position in both completeness of vision and
ability to execute

LAS VEGAS–(BUSINESS WIRE)–$GWRE #ChallengerGUIDEWIRE CONNECTIONS 2018– Guidewire Software, Inc. (NYSE:
GWRE), provider of the industry platform Property and Casualty (P&C)
insurers rely upon, today announced that Guidewire
InsuranceNow™
has been positioned in the Challengers quadrant in
Gartner, Inc.’s “Magic Quadrant for P&C Core Platforms, North America1
for the second consecutive year. InsuranceNow is designed for U.S.
P&C insurers writing low complexity business, who may be constrained
with limited IT resources and need a streamlined, ready-to-go,
cloud-based core solution that supports the P&C insurance lifecycle. The
report can be viewed here.

“Gartner continues to see strong adoption by buyers of cloud-based
deployment models. Among the new customer wins for platform solutions in
2016, 62% were for cloud-based deployments. This percentage grew in 2017
to 70%. Although the rate of adoption varies by tier and is lower for
Tier 1, across all tiers more than 50% of new wins were for cloud-based
deployments,” wrote Jeff Haner, a Gartner research director, and author
of the report. “These percentages alone do not present a full picture,
they are a clear indicator of a dramatic shift in buyer preferences in
this market in favor of cloud deployment over just the past two to three
years.”

“We believe that Gartner’s continued recognition of InsuranceNow as a
Challenger in its Magic Quadrant for P&C Core Platforms, North
America,
is confirmation of the increasing demand for cloud-based
core solutions that streamline deployment and maintenance. With its
rapid implementations, cloud operations and assurance services, and
regular upgrades, InsuranceNow provides insurers the freedom to focus on
innovation and service,” said Zachary Gustafson, Business Owner,
InsuranceNow, Guidewire.

The report evaluated 15 vendors in the P&C core platform market in North
America that qualified for inclusion. Guidewire was also recognized as a
leader for InsuranceSuite
based on its ability to execute and completeness of vision.

About the Magic Quadrant

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.

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

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: For information about Guidewire’s trademarks, visit https://www.guidewire.com/legal-notices.

Contacts

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

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