The Commonwell Mutual Insurance Group Selects Guidewire Products to Transform Core Operation, Data, and Analytics Capabilities
January 16, 2018 at 08:55 am
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The Commonwell Mutual Insurance Group and Guidewire Software, Inc. announced that The Commonwell has selected Guidewire Core and Data products to modernize its systems and transform the way it does business. The Commonwell has selected Guidewire InsuranceSuite™, Client Data Management, Rating Management, and Reinsurance Management as its policy administration, underwriting, client data, rating, reinsurance, claims, and billing management platform. The company also selected Guidewire DataHub™ and InfoCenter as its enterprise data management and analytics solution. The Commonwell plans to implement all of the products at the same time, across all of its commercial and personal lines of business in the province of Ontario. InsuranceSuite, DataHub, and InfoCenter will enable The Commonwell to: Increase business agility by minimizing custom development and multi-phased approaches to bring new products and product enhancements to market more quickly; Leverage tools that will eliminate manual processes making it easier for brokers to do business; and Enhance operational efficiency and productivity throughout the organization by standardizing policy administration, billing management and claims handling processes on a common platform.
Guidewire Software, Inc. delivers a platform that property and casualty insurers trust to engage, innovate and grow efficiently. Its platform combines core operations, digital engagement, analytics, and artificial intelligence applications delivered as a cloud service or self-managed software. Its core operational services and products include InsuranceSuite Cloud, InsuranceNow, and InsuranceSuite for self-managed installations. Its InsuranceSuite Cloud is a configurable and scalable product, delivered as a service and primarily comprised of three core applications, such as PolicyCenter Cloud, BillingCenter Cloud, and ClaimCenter Cloud. Its InsuranceNow is a cloud-based application that offers policy, billing, and claims management functionality to insurers. InsuranceSuite Cloud is hosted on Amazon Web Services and managed by its internal cloud operations team. Its Data Platform collects data from InsuranceSuite Cloud and InsuranceNow, as well as other internal and external sources.